Romania's UCM Resita goes bankrupt – SeeNews
Romania’s UCM Resita goes bankrupt SeeNews Read the original article here
Zomato wins legal battle; NCLT dismisses insolvency plea – Brand Wagon News
The National Company Law Tribunal (NCLT) has ruled in favour of food delivery giant Zomato, dismissing an insolvency plea filed by B2B apparel manufacturer Nona Lifestyle over alleged unpaid dues of Rs 1.64 crore, CNBC TV18 reported. The decision brings significant relief to Zomato, which was embroiled in a legal battle over non-payment claims linked…
Christchurch eateries fold with $2.54m debt
A Christchurch takeaway and restaurant business with sushi outlets under the Hachi Hachi brand has folded while owing staff holiday pay and a hefty tax bill. The seven companies, owned by Hachi Hachi founders and directors Titi Khemarangsan and Bundit Kijpalakorn, were placed in voluntary liquidation on March 25. Initial liquidator reports for the businesses…
NCLT dismisses insolvency plea against Zomato over alleged unpaid dues
The National Company Law Tribunal (NCLT) has refused to initiate insolvency proceedings against Zomato, bringing relief to the food delivery giant amid a legal dispute over alleged unpaid dues of ₹1.64 crore. The petition was filed by Nona Lifestyle, a B2B apparel manufacturer, which claimed that Zomato failed to pay for rider uniforms and merchandise,…
The risk of insolvency was the highest in the transport and logistics sector in 2024
Share on: 04/03/2025 10:20 The risk of insolvency was the highest in the transport and logistics sector in 2024 The risk of insolvency was highest in the transport and logistics sector last year, with 14 out of every 1,000 companies liable for VAT filing for bankruptcy in 2024. But even in sectors that were hardly…
Bad bank’s top lawyer reveals India’s big insolvency issues
Ishita Sharan, legal head of the NARCL, India’s ‘bad bank’, sheds light on mounting insolvency challenges and the critical role of the bank in tackling stressed assets. Indrajit Basu reports The report also indicates that 1,983 bankruptcy cases remain active within the corporate insolvency resolution process (CIRP) framework. After creditors assess the recovery potential and…
QUANTRON explores opportunities to successfully continue business operations
QUANTRON explores opportunities to successfully continue business operations Provisional insolvency administrator examines chances of continuing business operations of Quantron AG QUANTRON explores opportunities to successfully continue business operations Preliminary insolvency proceedings launched to continue Quantron AG operations with BBL Brockdorff receiving mandate to structure further business activities Denis Muratov becomes Chairman of the Supervisory Board…
What Is Bankruptcy? Understanding the Basics and Process
Bankruptcy is a legal process that allows individuals and businesses to resolve outstanding debts owed to creditors while offering them some protection during the process. There are restrictions on the types of bankruptcy you’re allowed to file. How you file depends on whether you are an individual or a business, your level of income, and…
In DNA sale, delete calls, a new market panic born
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021. David Paul Morris | Bloomberg | Getty Images DNA testing has become a valuable tool for hobbyists and novice genealogists. For some, learning they are the 10th cousin of Paul Revere or the 15th great nephew four times removed of the last…
Gerry Weber Declared Bankrupt As Stores Remain Open
The Dutch fashion chain Gerry Weber has been declared bankrupt by the court in Amsterdam on April 2, 2025, marking a significant downturn for the company that has been facing financial difficulties for some time. The bankruptcy comes after the company had already requested a suspension of payments earlier this week, indicating the severity of…