Britain stalls on energy debt relief with consumer debts seen topping $9.5 billion by year-end – Reuters
Britain stalls on energy debt relief with consumer debts seen topping $9.5 billion by year-end Reuters Read the original article here
Once mighty company “LadaGarant” declared bankrupt
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.…
Norwegian cell manufacturer Morrow Batteries files for insolvency
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,…
NCLT Kolkata Refuses Consolidation Of Group Companies’ CIRPs Over Advanced Stage Of One Insolvency Process
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
Bankrupt Luxembourg music school to reopen under new owners next week Luxembourg Times Read the original article here