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Luminar Technologies, Inc. and its affiliated debtors filed a disclosure statement on January 29, 2026, outlining a Chapter 11 Plan of Liquidation that proposes to sell substantially all assets through two separate transactions totaling approximately $143 million. The plan contemplates the sale of the company’s LSI semiconductor business to Quantum Computing, Inc. for $110 million…
Author Ishaan Verma | Published at: 9th February 2026, 5:40 am … Read the original article here
How bank accounts expose gambling problems before ruin Rolling Out Read the original article here
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Sterling Bancorp is now in the final stages of a complete corporate wind-down. Having divested its core banking operations last year, the company is currently liquidating its remaining assets to facilitate its ultimate dissolution. For shareholders, the central question is what final capital distribution will remain after all corporate obligations are settled. The process began…
A special Prevention of Money Laundering Act (PMLA) court in Mumbai has discharged Dewan Housing Finance Corp Ltd (DHFL) from a money-laundering case involving about INR 5,050 crore, holding that the company is entitled to immunity under the Insolvency and Bankruptcy Code (IBC) after completion of its resolution process. The court observed that DHFL, as…
The airline was founded by a “green industrialist” and prominent Labour Party Dale Vince, who launched EcoJet Airlines in Edinburgh in 2023 when it was hailed as “the world’s first electric airline”. Now, provisional liquidators have been appointed to the company following a reported bid to raise £20 million. Ecotricity, the green energy firm founded…