Company insolvencies up 16% on July last year as cost hikes continue to bite – MSN
Company insolvencies up 16% on July last year as cost hikes continue to bite MSN Read the original article here
German digital freight forwarder Instafreight files for insolvency amid investor departure
You can read this article in 2 minutes Instafreight, the Berlin-based digital freight forwarder that has been in operation since 2016 with over 200 employees and thousands of weekly transports, filed for insolvency on December 13 in the District Court of Berlin-Charlottenburg. The company cites the departure of its investor as the primary reason for…
Edtech firm Byju’s on sticky wicket as NCLT admits BCCI’s insolvency plea | Start Ups
The tribunal has appointed Pankaj Srivastava as the interim resolution professional. (Photo: Reuters) 4 min read Last Updated : Jul 16 2024 | 11:15 PM IST The Board of Control for Cricket in India (BCCI) on Tuesday achieved a feat that many creditors of edtech firm Byju’s have failed to, with the National Company…
Company insolvencies up 16% on July last year as cost hikes continue to bite – MSN
Company insolvencies up 16% on July last year as cost hikes continue to bite MSN Read the original article here
SKS Power insolvency: CoC receive 1,950 cr from Sarda Energy and Mining | Company News
Torrent Power has claimed to be the highest bidder for SKS Power Generation. 4 min read Last Updated : Aug 20 2024 | 7:51 PM IST The lenders of SKS Power Generation have received an upfront payment of Rs 1,950 crore from Sarda Energy and Mining, the successful bidder for the debt-ridden thermal power…
Company insolvencies up 16% on July last year as cost hikes continue to bite
In England and Wales, 2,191 businesses went bust, according to the Insolvency Service, compared with 1,890 in July 2023. The figures included 320 compulsory liquidations – when a company is forced to shut down, usually because it has debts it cannot pay – which is the highest monthly number since before the Covid-19 pandemic. David…
NCLT orders insolvency proceedings against Cafe Coffee Day’s parent company
New Delhi: Corporate dispute tribunal NCLT has ordered initiating insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group which operates Cafe Coffee Day chain of coffee houses. The Bengaluru bench of the NCLT (National Company Law Tribunal) on August 8 admitted the plea filed by IDBI Trusteeship Services Ltd…
South Africa's Transnet seeks debt relief from government – Reuters
South Africa’s Transnet seeks debt relief from government Reuters Read the original article here
Tennis legend Boris Becker discharged from bankruptcy court in England | Tennis News
German tennis legend Boris Becker was discharged from bankruptcy court in London after a judge found Wednesday he had done ‘all that he reasonably could do’ to repay creditors tens of millions of pounds. Becker fell far short of repaying his creditors nearly 50 million pounds (62.5 million dollars) he owed, but Chief Insolvency and…
MaaS Global declares bankruptcy | Traffic Technology Today
MaaS Global, the pioneering mobility-as-a-service organization set up by Sampo Hietanen, has filed for bankruptcy with the Finnish Legal Register Center. The news comes following an announcement earlier this month that it was to discontinue its flagship Whim app. Hietanen is well known across the industry as the father of the MaaS concept, which advocates…