Mechanical engineering company Manz: Tesla subsidiary buys part of insolvency A subsidiary of the electric car manufacturer Tesla wants to take over more than 300 employees from the insolvent mechanical engineering company Manz as well as corresponding facilities in Reutlingen near Stuttgart in Swabia. A corresponding purchase agreement between Tesla Automation GmbH and the insolvency…
Yair Lapid, the Israeli opposition leader and former prime minister, laid out a plan on Tuesday for Egypt to take temporary control of Gaza for eight to 15 years after the war in Gaza, in cooperation with various other regional powers, in exchange for international relief of its foreign debt obligations. Under the plan, after…
Whistleblower claims exposing corporate corruption in Byju’s insolvency process; implicates Ernst and Young and GLAS Trust in illegal activities MSN Read the original article here
A man who was caught with two separate large hauls of cocaine and cannabis at his home within one year has been jailed for 10 years. Robert Cummins (45) of Cushlawn Park, Tallaght, pleaded guilty at Dublin Circuit Criminal Court to possession of cannabis herb valued at €196,540 and cocaine valued at €68,327 for sale…
In a significant development, the National Company Law Tribunal (NCLT), Kochi Bench, has ordered the liquidation of Greenlace Builders and Developers Private Limited, a real estate and construction company based in Kochi, Kerala. The decision came after the Committee of Creditors (CoC) voted in favor of liquidation, citing the company’s inability to continue operations and…
Atunlo on edge of liquidation after court grants another extension SeafoodSource Read the original article here
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Motorbike Maker KTM’s Creditors Take 70% Hit in Restructuring MSN Read the original article here
(Bloomberg) — GPS Hospitality LLC, which operates networks of fast-food chains Burger King and Popeyes Louisiana Kitchen, is huddling with advisers about how to manage a shrinking cash pile amid revenue headwinds, according to people with knowledge of the discussions. The Atlanta-based franchisee tapped law firm Paul Hastings and investment bank Houlihan Lokey Inc. for…
Lilium, the German eVTOL (electric vertical takeoff and landing) aircraft manufacturer, has shut down operations after failing to secure critical funding. This marks the company’s second insolvency filing in a matter of months, bringing an end to what was once seen as a revolutionary force in the urban air mobility sector. Lilium’s collapse follows years…