Court to hear urgent liquidation application against KleuterZone investment scheme – MSN
Court to hear urgent liquidation application against KleuterZone investment scheme MSN Read the original article here
TVB actor Vinci Wong declared bankrupt over unpaid loan of $360K – MSN
TVB actor Vinci Wong declared bankrupt over unpaid loan of $360K MSN Read the original article here
Court orders liquidation of Real Estate firm in Dubai
The Commercial Court in Dubai has issued a ruling to liquidate a real estate company after it was proved that its manager had been negligent in performing his duties and had breached his obligations. The court also decided to appoint a liquidation expert to oversee the inventory of assets, determine rights and obligations, and sell…
Ola Electric’s subsidiary facing insolvency petitions from vendors
The insolvency petitions against Ola Electric Technologies are only the latest in a series of troubles the company is facing. A Bloomberg News investigation recently found that over 95% of Ola’s 4,000 showrooms did not have the required approvals to display or sell unregistered vehicles. This led transport authorities in several states to conduct raids,…
Ola Electric Faces Insolvency Petition Filed By Subsidiary: All You Need To Know
Ola Electric Mobility, in a stock exchange filing on Saturday said that Rosmerta Digital Services has filed an insolvency petition against its wholly owned subsidiary Ola Electric Technologies before the National Company Law Tribunal. The Bhavish Aggarwal-led firm added in the exchange filing that the petition submitted before NCLT’s Bengaluru Bench, alleged to default in…
Ola Electric subsidiary faces insolvency as operational creditor alleges non-payment of dues
Ola Electric Mobility Ltd has confirmed that its wholly owned subsidiary, Ola Electric Technologies Pvt Ltd, is facing an insolvency petition filed by its vehicle registration service provider, Rosmerta Digital Services Ltd. The petition, submitted under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), has been brought before the National Company Law Tribunal…
Ola Electric’s vendor moves NCLT over unpaid dues, seeks insolvency action
New Delhi: A vendor of Ola Electric Mobility Limited — Rosmerta Digital Services Private Limited — has filed an insolvency petition against a wholly owned subsidiary of the electric two-wheeler maker over alleged non-payment of dues. The vendor of Ola Electric Technologies Private Limited has approached the National Company Law Tribunal (NCLT) in Bengaluru, claiming…
Ola’s Vehicle Registration Provider Files Insolvency Plea Against The Company
Rosmerta Digital Services, a service provider and creditor of Ola Electric, has filed for insolvency after alleging the electric two-wheeler manufacturer defaulted in payments. Rosmerta is responsible for handling vehicle registrations at various regional transport offices (RTOs) across the country. The insolvency plea has been filed at the National Company Law Tribunal’s (NCLT’s) Bengaluru branch.…
Ola Electric’s vendor moves NCLT over unpaid dues, seeks insolvency action
Home » General » Business » Ola Electric’s vendor moves NCLT over unpaid dues, seeks insolvency action New Delhi, March 16 (SocialNews.XYZ) A vendor of Ola Electric Mobility Limited — Rosmerta Digital Services Private Limited — has filed an insolvency petition against a wholly owned subsidiary of the electric two-wheeler maker over alleged non-payment of…
Analysis: Textile giant Sritex shuts down, leaving over 10,000 workers jobless – Academia
T Sri Rejeki Isman (Sritex), one of Southeast Asia’s largest integrated textile manufacturers, officially ceased operations on Mar. 1, 2025, following its bankruptcy declaration. The shutdown led to the layoff of 10,965 workers between January and February 2025. In response, President Prabowo has instructed several ministers to devise solutions to help re-employ the affected workers,…