Texas gun company goes bankrupt two years after launch as firearm users bemoan 'gunfluencers' – MSN
Texas gun company goes bankrupt two years after launch as firearm users bemoan ‘gunfluencers’ MSN Read the original article here
Existence of Financial Debt and Corresponding Default is a Sine Qua Non for Initiating Proceedings u/s 7 of IBC
The tribunal considered the reasons made by each party and maintained the Adjudicating Authority’s ruling that the Appellant’s Section 7 petition was malicious and fraudulent. The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, upheld the adjudicating authority’s ruling and dismissed a Section 7 petition under the Insolvency Bankruptcy Code (IBC), 2016, finding…
Elon Musk criticises high trade deficit, expenditure of tax money
Tesla CEO and DOGE Head, Elon Musk, criticised the current state of US spending, saying that an average citizen in the country “should be mad as hell” over the expenditure of the tax money. In an interview with Fox News telecast on Tuesday (local time), Musk said that US President Donald Trump inherited a USD…
13 Firefighters Declared Bankrupt Taken Disciplinary Action – BERNAMA
13 Firefighters Declared Bankrupt Taken Disciplinary Action BERNAMA Read the original article here
Davis Europe declared bankrupt in Ridderkerk
Edward Koemans: “Business model was not future-proof” On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee. In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to…
Davis Europe declared bankrupt in Ridderkerk
Edward Koemans: “Business model was not future-proof” On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee. In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to…
Chinese company to buy bankrupt German flying taxi firm
Chinese company to buy bankrupt German flying taxi firm by AFP Staff Writers Berlin (AFP) Mar 13, 2025 Insolvent German flying taxi firm Volocopter is to be bought by a Chinese vehicle parts maker, just weeks after another German company in the field, Lilium, collapsed. The Chinese firm, Zhejiang Wanfeng Auto Wheel Co.,…
Diamond Aircraft rescues Volocopter after insolvency – Zag Daily
Diamond Aircraft rescues Volocopter after insolvency Zag Daily Read the original article here
Creditor personal information and privacy issues i…
Two recent decisions of the Federal Court have engaged with the interface of privacy rights arising pursuant to legislation and dealing with creditor personal information as required by the Corporations Act 2001 (Cth). Personal information protected under the Privacy Act 1988 (Cth) includes information about an identified individual, or an individual who is reasonably identifiable.…
Northvolt hits end of line after failing to reach rescue deal – BNN Bloomberg
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Northvolt AB filed for bankruptcy in Sweden, bringing to an end a company that was once seen as the future of Europe’s battery production. The Swedish supplier for electric-vehicle manufacturers will see its business and its…