A federal court judge in Michigan has placed the once-promising electric truck brand Bollinger Motors’ assets into receivership following claims that the company’s owners still owe its founder, Robert Bollinger, more than $10 million. Bollinger Motors first came to fame in the “draw a truck, get a billion dollars” stage of the EV revolution that…
Jay Leno on Nov. 19, 2024, in Burbank, California – Credit: MEGA/GC Images Jay Leno dismissed tabloid speculation that he has a massive gambling debt to the Mob following a series of increasingly bizarre injuries that he suffered in recent years. In November, Leno was spotted in public with severe bruising to his face and…
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Funding Voluntary Administrations and a Proponent’s right to recover deed contribution – What happens when the DoCA is Terminated? Ashurst Read the original article here
Apollo Capital Warns MediPharm Shareholders of Continued Value Destruction and Insolvency Risk Following Disastrous Q1 Financial Results The Malaysian Reserve Read the original article here
The Supreme Court’s decision in Bhushan Power & Steel Ltd. v. JSW Steel Ltd., reported as 2025 INSC 621, is far more than a routine appellate pronouncement. It is, in my respectful submission, a judicial earthquake. For those who have previously served on the National Company Law Tribunal (NCLT), this ruling resonates as both a…
KARACHI: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, Friday said Pakistan is adopting the Malaysian Green Finance Model to enhance its debt management strategy and address climate change financing needs. He made these remarks while addressing a gong ceremony organized by the Pakistan Stock Exchange (PSX) via video link from Karachi on Friday, marking…
Owners of aircraft serviced by Systematic Aviation Services Sdn Bhd pay thousands of ringgit every two weeks for maintenance despite being unable to use their aircraft. PETALING JAYA: Owners of aircraft maintained by Systematic Aviation Services Sdn Bhd (SAS), which has now been wound up by the High Court, are in a dilemma as they…
By Ben Zigterman · May 16, 2025, 7:23 PM EDT The U.S. Trustee’s Office objected to the proposed Chapter 11 plan of Creativemass, a wealth management app developer that is pursuing prepackaged liquidation, arguing that the plan would lock in prepetition… To view the full article, register now. Read the original article here
The National Company Law Tribunal (NCLT) on Friday issued a notice to Gensol Engineering, directing it to file a reply over the insolvency plea by the Indian Renewable Energy Development Agency, and listed the matter on June 3 for hearing. Advertisement IREDA’s plea came for hearing before a two-member Ahmedabad-based Bench of the insolvency tribunal…