“We cannot announce the contents of the decision until the parties have been informed,” Naples bankruptcy court president Vito Frallicciardi told reporters. But ANSA cited court sources saying they had ruled Napoli bankrupt and that officials had already been nominated to handle relations with creditors. Napoli were Italian champions in 1987 and 1990 when they…
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3D printer manufacturer BCN3D has filed for voluntary bankruptcy, according to official court documents seen by 3D Printing Industry. First reported last week by Spanish digital outlet Crónica Global, the Spanish OEM has reportedly entered proceedings after failing to negotiate a restructuring of its outstanding debts with creditor banks last year. Barcelona’s Commercial Court No.…
Dentons Link Legal Successfully Defends Vijay Biyani In Personal Insolvency Proceedings Before NCLT Mumbai BW Legal World Read the original article here
The Hong Kong branch of a Singapore-based private club that closed after less than a year in business is undergoing liquidation with about HK$20 million (US$2.5 million) of debts, former employees have said. Financial difficulties forced 1880 Hong Kong, located at Two Taikoo Place in Quarry Bay, to shut its doors on Friday last week,…
The National Company Law Appellate Tribunal (NCLAT) has extended the interim stay on the Corporate Insolvency Resolution Process (CIRP) against The Hi-Tech Gears Ltd, offering temporary relief to the auto components manufacturer in its ongoing legal battle with Happy Forgings Ltd. At a hearing held on May 9, 2025, the Principal Bench of NCLAT, comprising…
IBBI notifies amendments to streamline corporate insolvency process MSN Read the original article here
RSM Australia has announced an expansion of its business restructuring and recovery services as insolvency rates remain higher than usual. Professional services firm RSM Australia has merged with Melbourne-based insolvency practice Brooke Bird. The merger, which took effect on Monday, would see RSM’s Melbourne restructuring and recovery practice double in size. “In the face of…
Builder.ai Faked Business With Indian Firm VerSe to Inflate Sales, Sources Say Bloomberg.com Read the original article here
SUMMARY NCLT has issued notices to BluSmart and EPC company Gensol Engineering on insolvency petitions by creditors Spectrum Trimpex Pvt. Ltd and Catalyst Trusteeship Ltd moved NCLT against BluSmart over unpaid dues worth INR 1 crore each. Equentia Financial Services Pvt. Ltd said that Gensol Engineering owed it around INR 9 Cr The National Company…