A UK-based engineering firm has collapsed into liquidation after more than 50 years in business. Rodmatic Ltd, known for manufacturing specialist fasteners and screw machine products, entered voluntary liquidation at the end of last month, according to The Gazette. The firm, which traded from an address in Reading, Berkshire, resolved to wind up its operations…
Germany witnessed an alarming rise in corporate bankruptcies last year, with figures peaking at their highest in over a decade, revealed data from the federal statistics office. A total of 24,064 insolvency filings marked a 10.3% increase compared to the preceding year. Volker Treier from the German Chambers of Industry and Commerce highlighted the…
Billionaire Anil Agarwal on Friday said that Vedanta losing out on Jaiprakash Associates insolvency despite being the highest bidder has put a question mark on transparency of India’s corporate insolvency resolution process. “The IBC (Insolvency and Bankruptcy Code system declared us the highest bidder for Jaiprakash Associates. It was publicized widely that Vedanta is the…