** Shares of Ola Electric Mobility OLAELEC fall 3.7% to 48.62 rupees ** Rosmerta Digital Services, an operational creditor of Ola Electric Technologies, files a petition for initiation of corporate insolvency resolution process against OLAE’s subsidiary Ola Electric Technologies ** Petition was filed alleging default in payment towards services rendered ** Ola Electric denies the…
Ola Electric’s vendor moves NCLT over unpaid dues, seeks insolvency action By IANS Investing.com India Read the original article here
Ola Electric share price slumped by almost 4% during Monday’s trading session after Rosmerta Digital Services Ltd, its vehicle registration service provider, announced on Saturday that it intends to initiate insolvency proceedings against its wholly-owned subsidiary, Ola Electric Technologies Pvt Ltd. In a regulatory submission, the company announced that M/s. Rosmerta Digital Services Ltd, which…
From Rescue to Ruin: The Supreme Court’s Judgment in Jet Airways and the Future of Airline Insolvencies Lexology Read the original article here
The shares of Ola Electric Mobility are expected to be in focus on Monday, March 17, after the company informed that a petition has been filed against its wholly-owned subsidiary, Ola Electric Technologies by M/s. Rosmerta Digital Services. The petition was submitted by Rosmerta Digital, which is an operational creditor of Ola, before the National…
Richard Balfour-Lynn, the property and wine mogul, has been made bankrupt after failing to pay millions of pounds in compensation to investors over a stock market scandal at the former owner of Liberty, the luxury retailer. Balfour-Lynn, 71, said he did not “have the means to pay the high levels of compensation” ordered by the…
Sharvain Facades goes into voluntary administration MSN Read the original article here
KleuterZone investor seeks liquidation, says preschool group is insolvent News24 Read the original article here
The dust is still settling from SunPower’s collapse, and it’s still not clear how bankruptcy proceedings will impact the company’s ability to serve its remaining customers. However, SunPower isn’t the first solar company to go bankrupt, so there is precedent we can study. In the meantime, here are some steps you can take if you…
Sharvain Facades goes into voluntary administration MSN Read the original article here