Mohammed Yaseen, Staff Reporter The Dubai Court declared the insolvency of a debtor who defaulted on his debts amounting to Dhs183 million and ordered the preservation of all his property in all types and forms, in preparation for distribution it to the creditors. According to the case documents, the debtor filed a request to open…
Major clothing retailer to close 23 stores after going into administration MSN Read the original article here
Pierer Industrie AG avoids insolvency, decision on KTM imminent MSN Read the original article here
Bankruptcy trustee for Victorian Epicure has sold $4.2M of products Times Colonist Read the original article here
Munch Artwork to Be Sold by Bankrupt Norwegian Shipping Heir Bloomberg Read the original article here
Coffee Day Enterprises Resumes Insolvency Proceedings After Court Directive TipRanks Read the original article here
WASHINGTON: The Trump administration released $5.3 billion in previously frozen foreign aid, mostly for security and counternarcotics programs, according to a list of exemptions reviewed by Reuters that included only limited humanitarian relief. President Donald Trump ordered a 90-day pause on foreign aid shortly after taking office on January 20, halting funding for everything…
Family Metal Foundry Saves a Business The KTM Insolvency Nearly Killed MSN Read the original article here
Lilium Aerospace completed test flights by the world’s first electric flying taxi jet in 2017. Photo: LiliumLilium Aerospace completed test flights by the world’s first electric flying taxi jet in 2017. Photo: Lilium Company that was due to supply eVTOLs to Saudia Group announces shutdown of operations Read the original article here
The Supreme Court hearing, led by Justice Hamdi, confirmed the verdict by the Semarang Commercial Court on Monday, October 21, 2024, which had declared Sritex bankrupt. The court deemed Sritex failed to fulfill its debt obligations to PT Indo Bharat Rayon (IBR), one of its creditors, as stipulated in the homologation agreement on Tuesday, January…