The Central District Court has appointed a provisional receiver for foodtech company InnovoPro, which produces chickpea protein. The company, which in the past few years has raised millions of dollars, has become insolvent, with debts amounting to NIS 6 million. The court issued a stay of proceedings, freezing lawsuits by creditors, and appointed Adv.…
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An insolvency court in Mumbai allowed Supreme Housing and Hospitality Pvt Ltd to exit insolvency proceedings on Wednesday after it reach a settlement with lender ICICI Bank. A detailed order on the matter is awaited. Canara Bank and ICICI Bank had taken Supreme Housing to insolvency court after the realtor defaulted on dues of more…
The Central District Court granted food tech company InnovoPro’s request on Monday to initiate insolvency proceedings after it accumulated debts totaling approximately 6.8 million shekels (around $2 million). Judge Merav Ben-Ari also appointed Attorney Gonen Kestenbaum as a temporary trustee. The court further issued an order prohibiting the company from repaying previous debts and froze…
Australia’s second largest disability employer to go into administration MSN Read the original article here
Helrom, the European pioneers of a side‑loading rail trailer for trucks, is defiant in the face of widely reported difficulties in the boardroom. The company has posted videos of its trains still running, despite reports that the company is in financial difficulties. The company’s Director of Sales, Bruno Weissmann, says Helrom remains on track and…
A mining giant in charge of a steel-making coal mine in north Queensland’s Bowen Basin has entered liquidation after a series of claims totalling more than $29 million from a former contractor. It has left about 500 jobs at Bowen Coking Coal’s Burton Coal Complex in doubt. Mark Holland and Shaun Fraser from restructuring firm…
Exactly one year since Think & Learn Pvt.—the operating entity of India’s flagship edtech company BYJU’s—entered insolvency proceedings, founder Byju Raveendran stepped up his public rhetoric. In a rare and searing LinkedIn post dated July 29, 2025, he accused a group of secondary debt buyers of orchestrating what he calls a “hostile takeover”—not due to…