Sign up for our popular daily email to catch all the latest EV news! Canoo Inc., a U.S.-based advanced mobility and energy company, has voluntarily filed for Chapter 7 bankruptcy, signaling the end of its operations. The filing, made in the U.S. Bankruptcy Court for Delaware, initiates the liquidation of the company’s assets under the…
New Delhi, Jan 20 (PTI) The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process citing financial woes. The tribunal, in a…
Company liquidations hit 10 year high …
New Delhi, Jan 20 (PTI) The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly two years ago amid financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process. The tribunal, in a 15-page order, said it is ordering the…
The bankruptcy court in Delhi on Monday admitted Go Airlines (India) Ltd, which runs Go First airline, into liquidation after the lenders failed to receive a viable revival plan for the company. The company has admitted liabilities of about ₹8,575 crore.The NCLT division bench of judicial member Mahendra Khandelwal and technical member Sanjeev Ranjan, allowed…
New Delhi, Jan 20: The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly two years ago amid financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process. The tribunal, in a 15-page order, said it is ordering the liquidation…
The bankruptcy court in Delhi on Monday admitted Go Airlines (India) Ltd, which runs Go First airline, into liquidation after the lenders failed to receive a viable revival plan for the company. The company has admitted liabilities of about ₹8,575 crore.The NCLT division bench of judicial member Mahendra Khandelwal and technical member Sanjeev Ranjan, allowed…
The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process citing financial woes. The tribunal, in a 15-page order, said it is…
Langdon Building collapses and goes into voluntary administration MSN Read the original article here
The second director of collapsed Dunedin building firm Clan Construction has been adjudicated bankrupt. The company, owned by Brett McCormack and Michelle Macmillan, went into liquidation in March 2023 owing more than $2 million. Mr McCormack, a former Otago rugby player, was adjudicated bankrupt in December that year. In their latest report last month, liquidators…