Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors – MSN
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors MSN Read the original article here
Sproutt declares insolvency
Life insurance startup Sproutt See full company profile “> has declared insolvency. Recently, Sproutt submitted a request to the District Court in Tel Aviv to initiate insolvency proceedings due to its inability to pay a debt to an Israeli bank and other suppliers, according to a report by Calcalist. Founded in 2017, Sproutt raised $38…
Oath Pizza declares Chapter 7 bankruptcy
Joanna Fantozzi Oath Pizza — the Boston-based, fast-casual pizza brand —declared Chapter 7 bankruptcy on Oct. 22 and will be liquidating its assets one year after closing all of its corporate locations. The Next Level Pizza-owned small chain estimated that it had under $500,000 in assets, and was up to $50 million in debt. Oath Pizza…
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors
Irish energy firm that owes investors hundreds of millions faces key deadlines in coming weeks Solar 21’s High Court-approved scheme of arrangement to pay back hundreds of millions to investors faces a series of deadlines over the next six weeks, according to a new report prepared by restructuring supervisor Alvarez & Marsal. There is a…
Bankruptcy court approves Helios Photo Voltaic’s acquisition by OCL Iron & Steel
The bankruptcy court approves Helios Photo Voltaic Ltd, earlier known as Moser Baer Photo’s acquisition by OCL Iron & Steel Ltd through an insolvency resolution process. Helios Photo Voltaic manufactures solar energy equipment including optical media storage products, photovoltaic cells, thin film modules, panels and other electrical equipment products along with wires and cables. “As…
SC strikes down AGI Greenpac’s resolution plan for Hindustan National Glass & Industries Ltd, ET LegalWorld
The Supreme Court on Wednesday, by a majority of 2:1, set aside the approval granted to AGI Greenpac’s resolution plan for ailing Hindustan National Glass and Industries Ltd (HNGIL), citing non-compliance with mandatory provisions under the Insolvency and Bankruptcy Code, 2016. A bench comprising Justices Hrishikesh Roy, Sudhanshu Dhulia and S V N Bhatti was…
Top five tennis players who went bankrupt
Some successful tennis players have been unable to manage their assets, leading to bankruptcy. Tennis is undoubtedly one of the most attractive sports for athletes. The prize pool at the Grand Slams and other top ATP and WTA competitions is growing every year. Not only the winners but there’s something in it for every player…
Austrian property tycoon Rene Benko files for insolvency – DW – 03/07/2024
Austrian investor Rene Benko, founder of the Signa property and retail group and one of Austria‘s richest men, has filed for insolvency, a spokesperson for the Innsbruck regional court confirmed on Thursday. The move comes after the Austrian state prosecutor filed an insolvency petition against the 46-year-old at the end of January, accusing Benko of…
A Million Culled Chickens Show Pitfalls of Biden’s Meatpacking Revamp – The Wall Street Journal
A Million Culled Chickens Show Pitfalls of Biden’s Meatpacking Revamp The Wall Street Journal Read the original article here
Trading suspended as RBG hits the skids
Yours, with change from a tenner. Listed law group RBG Holdings has suspended trading of its shares this week, and indicated that it is nearing a declaration of insolvency. [Update: it’s now happened, with RBG announcing on Friday that the board “regrettably has resolved to and subsequently has filed today a notice of intention to…