When Swoop Aero touted a $100 million buyout in 2022, it was meant to signal that the drone delivery startup’s brightest days were ahead. Instead, it marked the beginning of the end. Last Tuesday, the company was placed into liquidation, just a month after co-founder Eric Peck entered the company into voluntary administration, hoping for…
Tuesday, 26 November 2024, 7:02 pmPress Release: SolarZero Today, Tuesday 26 November, 2024 the directors of SolarZero Limited (in liquidation) have requested its senior lenders take enforcement action and appoint the standby servicer, Verofi, as replacement servicer, and that its shareholder appoint a liquidator. SolarZero’s customers will not be affected by today’s announcement. Ahead of…
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Trump team eyes quick rollback of Biden student debt relief POLITICO Read the original article here
(Bloomberg) — Shares of Pierer Mobility AG tumbled after the company said its KTM AG motorbike unit was filing for a self-administered insolvency in Austria. KTM will be unable to cover a “very high three-digit million euro” financing requirement, according to a statement. The company will seek to agree with creditors on a reorganization in…
Labour’s first major fiscal statement, the Autumn Budget, sent shockwaves across key UK sectors as significant tax changes were announced, changing tax, succession and future planning strategies in place for businesses. Capital Gains Tax changes announced in the Autumn Budget also directly impact limited company directors considering closing a business in the near future. Jonathan…
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Popular motorbike brand KTM files for insolvency as it buckles under massive debt News24 Read the original article here
File photo. SolarZero directors say the company explored a range of options for a restructure, but were unable to find a viable solution. Photo: lighthunter/123RF Solar power company SolarZero has been put into liquidation, leaving some customers worried about the contracts they have signed with the company. The company – which offers customers solar power…
The NCLAT New Delhi bench of Mr. Justice Ashok Bhushan (Chairperson), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that share application money deposited with the corporate debtor cannot be treated as financial debt under section 5(8) of the IBC. In this case, share application money was given for the…