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The German battery cell manufacturer CustomCells has filed for insolvency proceedings to be opened for the Group’s main operating companies in Itzehoe and Tübingen. The holding company of the CustomCells Group is not affected by the insolvency application at this time. The background to the financial difficulties at CustomCells is the insolvency of the aviation…
Several strategic buyers as well as investors are actively scouting for cement manufacturing companies which are currently undergoing the corporate insolvency resolution process under the Insolvency & Bankruptcy Code. One of the most sought-after assets in the sector is the cement business of debt-laden Jaiprakash Associates Ltd (JAL). The company has four plants in North…