The Hague-based Supersola, a cleantech startup that provides plug-and-play solar panels, now has a new owner. The announcement comes four months after the Dutch company was declared bankrupt by the court in The Hague in 2024. Founded by Julius Smith, Supersola offers a self-developed and produced solar panel that is immediately ready for use. Known…
Feb 18, 2025 UK company insolvencies have reached a concerning 16-year high, largely attributed to the impending tax changes introduced by Rachel Reeves. According to official figures reported by Finance Yahoo, the number of corporate insolvencies surged by 10.7% year-on-year, reaching 1,971 in January, marking the highest January total since the 2009 economic downturn. The…
(Reuters) – A U.S. appeals court on Tuesday ruled that Democratic former President Joe Biden’s administration lacked authority to pursue a student debt relief plan designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some. The 8th U.S. Circuit Court of Appeals sided with seven Republican-led states that sued…
US appeals court blocks Biden-era student debt relief plan Reuters Read the original article here
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With the Supreme Court setting aside AGI Greenpac’s resolution plan for Hindustan National Glass (HNG) last month, the other bidder, INSCO (Independent Sugar Corporation), a Madhvani Group company based in Africa has written to the Committee of Creditors of the bankrupt firm to fast track their bid in the Insolvency Resolution Process. In it’s letter…
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The National Company Law Tribunal (NCLT) serves as the adjudicating authority for corporate insolvency resolution processes, liquidation and corporate debt restructuring under the IBC The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted to streamline corporate insolvency resolution, liquidation, and debt restructuring, while ensuring a time-bound process that adequately balances the interests of creditors and…
Nick Clark Local Democracy Reporting Service Google John says he would visit the betting shop near Sandhurst multiple times a day A gambling addict has claimed he was allowed to spend £100,000 at a bookmakers before staff intervened. John said he visited the College Town branch of Coral in Berkshire up to three times a…