Highlights The National Company Law Tribunal in Kolkata has admitted an insolvency petition filed by Union Bank of India against Solapur Tollways Private Limited under the Insolvency and Bankruptcy Code, 2016. The insolvency claim amounts to ₹ 195,55,15,022/-, which includes a principal default amount of ₹ 184,23,36,839/- and an interest default amount of ₹ 11,31,78,183/-.…
Details of the Case Chen’s wife, Zhuojun “Sally” Li, had disappeared from their home in Greenacre, Sydney, last month. Her body was discovered last Monday. It was found partially buried and wrapped in plastic. A jogger found the body, and a search for Chen began. On Tuesday, Chen’s body was found in a creek about…
Former UFC champion Chris Weidman gave one of his friends a unique ultimatum over a $5,000 gambling debt. Chris Weidman won’t back down from an eventual return to the UFC Octagon, despite recent calls for him to retire after a loss at UFC 310. It’s nothing new for the 40-year-old Weidman after several rocky performances…
Download CSVShow datatable Number of bankruptcies of businesses and institutions (including sole proprietorships) adjusted for court sessions days 2020 July 227 2020 August 195 2020 September 212 2020 October 190 2020 November 210 2020 December 174 2021 January 172 2021 February 143 2021 March 165 2021 April 193 2021 May 163 2021 June 139 2021…
After months of teetering on the edge of collapse, Fisker has finally filed for bankruptcy. The American electric car start-up led by car designer Henrik Fisker stopped production of its only model, the Ocean, in March when it revealed that extra funding would be required to continue operations. Fisker’s operating arm, the Fisker Group, officially…
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New York (CNN) — This year was brutal for a number of well-known companies and their bottom lines. As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks. At least 19…
The U.S. retail brand Big Lots has announced Going Out of Business (GOB) sales across all its remaining locations. The decision comes after the company failed to finalize its planned asset purchase agreement with Nexus Capital Management. This move was initially expected to help the company recover its financial situation. The retail chain is loved…
It was revealed this week Roto Whare owes money to several Rotorua businesses, but the biggest debt of $28.2 million is to an American business, Florida-headquartered financier Quaestor Advisors LLC, of Jacksonville. Details of what Roto Whare owed were revealed in the liquidator’s first report. Among Rotorua businesses out of pocket were Metal Line Roofing,…
The United States election was one of the most defining events in the crypto space in 2024. Specifically, the reelection of Donald Trump revived Bitcoin and the entire crypto market after an uninspiring second and third quarter. One of the promises made by President-elect Trump in the run-up to the polls was the institution of…