Vinyl Me, Please has confirmed that it’s entered liquidation after reports of unfulfilled orders and ghosting customers this year. The Denver-based vinyl record club (registered as Offbeat Ventures, LLC) has assigned third party Vinyl Liquidators, LLC to handle resolving customer complaints and control VMP’s assets in the Assignment for the Benefit of Creditors (ABC) process,…
The National Company Law Appellate Tribunal (NCLAT) has rejected an effort to initiate insolvency proceedings against PepsiCo India, siding with the food and beverage conglomerate in a dispute centered on contested interest payments. In a ruling issued Wednesday, the NCLAT dismissed an appeal by SNJ Synthetics Ltd., a supplier of PET preforms and thermoplastics, which…
You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. Thrasio-style ecommerce marketplace 10Club has filed for insolvency proceedings before the National Company Law Tribunal (NCLT), marking a significant setback in the roll-up ecommerce space. According to filings with the Registrar of Companies (RoC), the Fireside Ventures-backed startup is initiating the Corporate Insolvency Resolution Process…
By Wayne Robinson | 9 May 2025 Disgruntled Reacon company creditors CTRL Print and Printcraft have won the court battle to have Reacon Australia and mmw3degrees placed into liquidation. The Reacon companies have debts estimated to be around $9m. Reacon Group companies to be liquidated: Former CEO Jahingar Kahn The two businesses were part of…
With the approval of the Financial Supervision Authority, TBB Bank has begun voluntary termination of operations and liquidation proceedings. The company, which no longer holds a banking license, asserts that it has sufficient funds to meet all obligations to its clients. A notice published Friday revealed that AS TBB Bank received permission from the Financial…
bankruptcy, the status of a debtor who has been declared by judicial process to be unable to pay his debts. Although sometimes used indiscriminately to mean insolvency, the terms have distinct legal significance. Insolvency, as used in most legal systems, indicates the inability to meet debts. Bankruptcy, on the other hand, results from a legal…
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Its demise leaves Europe without a home-grown champion to compete with Chinese battery-makers that dominate the sector and the critical raw material supply chain. At its peak, Northvolt counted Volkswagen and Goldman Sachs as backers and had contracts with multiple automakers, including BMW. “This is obviously very bad news. Mistakes have certainly been made in…
Major Dutch music retailer Bax Music saved from collapse by new investment deal | NL Times Skip to main content Read the original article here
このページを 日本語 で読む A Chinese-affiliated company behind one of the largest resort developments in Niseko, Hokkaido, has gone bankrupt. In recent years, the Niseko area has seen soaring land prices and labor costs driven by an influx of foreign capital, dramatically transforming the town. But now that a major China-backed project has failed, risks associated…