A government initiative aimed at clearing £500 million in energy debt for Britain’s neediest households has hit a standstill. Industry insiders warn that the delay could see the total arrears balloon to an alarming £7 billion by the end of the year. Introduced by energy regulator Ofgem last October, the Debt Relief Scheme was expected…
Britain stalls on energy debt relief with consumer debts seen topping $9.5 billion by year-end Reuters Read the original article here
The company “LadaGarant”, which was previously one of Minsk’s major developers, has been declared bankrupt. Minsk Economic Court opened liquidation proceedings on May 5, which are expected to conclude by January 2027, Office Life reports . Павялічыць Owner of “Lada-Garant” Aliaksei Vahanau The firm was founded more than 30 years ago by entrepreneur Aliaksei Vahanau.…
Morrow Batteries had until recently been one of the few battery cell manufacturers producing in Europe. Now, the Norwegian company has suffered same fate as the significantly larger Northvolt from Sweden: Morrow Batteries has for insolvency. The company’s downfall stems from its inability to compete in a consolidating market—it was simply too small. Its plant,…
The Kolkata Bench of the National Company Law Tribunal (NCLT) has refused to consolidate the corporate insolvency resolution processes (CIRPs) of Sarita Steel & Power Limited and Ankit Metal & Power Limited, holding that Ankit Metal’s resolution process had already reached an advanced stage with multiple plans evaluated. “The assets are interconnected, but the CIRP…
Bankrupt Luxembourg music school to reopen under new owners next week Luxembourg Times Read the original article here