Online liquidation retailer, auction house opening large Cincinnati-area facility – The Business Journals
Online liquidation retailer, auction house opening large Cincinnati-area facility The Business Journals Read the original article here
Bearings supplier targets South America with help of NPIF II loan – mercia.co.uk
Bearings supplier targets South America with help of NPIF II loan mercia.co.uk Read the original article here
NCLT admits IREDA’s plea against Gensol; IREDA files another insolvency plea
IREDA initiates insolvency proceedings against Gensol subsidiary Separately, IREDA initiated insolvency proceedings on Friday against Gensol EV Lease Limited, a subsidiary of Gensol Engineering, over loan default of Rs 218.95 crore, a regulatory filing made by the PSU to the stock exchanges said. This is in addition to the Rs 510-crore loan default, for which…
Gulf States Pay Off $15.5 Million Syrian Debt to World Bank – The New York Times
Gulf States Pay Off $15.5 Million Syrian Debt to World Bank The New York Times Read the original article here
NCLT to hear Gensol insolvency plea | Business News
The National Company Law Tribunal (NCLT), Ahmedabad, on Friday issued a notice to Gensol Engineering, directing it to file a reply over the insolvency plea filed by public sector Indian Renewable Energy Development Agency (IREDA). IREDA plea came before a two-member bench of the NCLT which posted it for hearing on June 3. The bench…
Former owner of ‘utterly disgusting’ boarding house made bankrupt – Stuff
Former owner of ‘utterly disgusting’ boarding house made bankrupt Stuff Read the original article here
‘Will not be able to operate beyond FY26’: Vodafone Idea’s insolvency warning without government support on AGR dues
Telecom operator Vodafone Idea Limited (short VIL, commonly called Vi)informed the Department of Telecommunications (DoT) that it will not be able to continue operations beyond FY26 without government support on adjusted gross revenue (AGR) dues. The company said that ongoing discussions with banks for funding would stall in the absence of timely assistance. In a…
Special General Meeting – resolutions passed — TradingView News
Avance Gas Holding Ltd (the “Company”) advises that a Special General Meeting of the Shareholders of the Company (“SGM”) was held on 16 May 2025 at at 09:30 hrs, at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton, HM08, Bermuda, in relation to the proposed liquidation of the Company, appointing Mike Penrose of EY Bermuda…
Ireda files 2nd insolvency plea against Gensol Engineering for ₹219 cr default
Two days after state-owned renewable energy NBFC Ireda filed an insolvency plea against Gensol Engineering over ₹510 crore default, the company has filed another insolvency application against Gensol EV Lease Ltd, a Gensol Engineering subsidiary, for the default of ₹218.95 crore. “The company has filed an application under Section 7 of the Insolvency and Bankruptcy…
Gensol to Face NCLT on June 3 Over IREDA’s Rs 510 Cr Insolvency Plea
Gensol Engineering Limited borrowed Rs 977.75 crore from IREDA and Power Finance Corporation (PFC), of which Rs 663.89 crore was allocated for purchasing electric vehicles for BluSmart. However, the company acquired only 4,704 vehicles against the sanctioned commitment of 6,400 EVs when accepting the loan, leaving up to Rs 262.13 crore unaccounted for, according to an interim…