Published on 14 January 2025 Written by Will Beck Key developments in 2024 2024 has seen one of the most significant insolvency cases in recent years. In June, Justice Leech handed down his judgment on the claim brought by the liquidators of BHS against certain of its former directors for wrongful trading and misfeasance. This…
INSOLVENCY NOTICES: Winding Up Petitions – February 2025 Credit Connect Read the original article here
According to the German business publication Wirtschaftswoche, the Austrian aircraft manufacturer Diamond Aircraft is taking over the insolvent company from Bruchsal. Diamond is owned by the Chinese automotive supplier Wanfeng. According to the report, the Austrian company primarily does business with motorised gliders and small aircraft for the private market but also has ambitions in…
When Dan Bilzerian posted a video of himself wake surfing off a megayacht along Italy’s Amalfi Coast, he offered some guidance. “Someone asked me the other day what advice I’d give to a 20 yr old and my answer was, try everything,” the Las Vegas social-media celebrity wrote last year. A few months later, behind…
Electric air mobility start-up Volocopter has made the majority of its workforce redundant. The Baden-Württemberg-based company began insolvency proceedings in late December 2024, but the company’s management at the time were confident of finding new investors. READ: Volocopter files for insolvency, Investors sought Unfortunately, time and money has run out. German media has reported that 450…
Business insolvencies expected to climb in 2025 Insurance Business America Read the original article here
The duty of fair presentation and the disclosure of matters connected to insolvency (again) Herbert Smith Freehills Kramer Read the original article here
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition filed by IDBI Trusteeship Services Private Limited against ATS Infrabuild Private Limited for a default of Rs. 5 crore. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Background of the Case IDBI Trusteeship, acting…
JSW Energy Ltd. has completed the acquisition of KSK Mahanadi Power Company Ltd. (KMPCL) pursuant to the Resolution Plan submitted by the company under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016. The Resolution Plan has now been implemented, and consequently, KMPCL has become a subsidiary of the company. As per…
JSW Energy Ltd. has completed the acquisition of KSK Mahanadi Power Company Ltd. (KMPCL) pursuant to the Resolution Plan submitted by the company under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016. The Resolution Plan has now been implemented, and consequently, KMPCL has become a subsidiary of the company. As per…