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Category Archives: Bankruptcy

Reliance acquires Karkinos Healthcare for Rs 375 crore

BankruptcyBy EditorDecember 28, 2024

Karkinos was incorporated in India on July 24, 2020, and is in the business of providing technology-driven innovative solutions for the early detection, diagnosis, and management of cancer. It had a turnover of about Rs 22 crore in the 2022-23 fiscal. Last Updated : 28 December 2024, 09:01 IST Read the original article here

Singapore oil mogul declared bankrupt after empire collapsed

BankruptcyBy EditorDecember 28, 2024

(Dec 28): Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. The name of the founder of Hin Leong Trading Pte Ltd and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec 19, the…

Former Hin Leong tycoon Lim Oon Kuin and children declared bankrupt

BankruptcyBy EditorDecember 28, 2024

Former oil tycoon Lim Oon Kuin, widely known as OK Lim, and his two children, have been declared bankrupt. The bankruptcy order, made effective on 19 December 2023, was announced in the government gazette on 27 December. The decision follows the family’s consent in September to a judgment of US$3.5 billion (S$4.7 billion) being entered…

A Christmas Miracle? Electric aircraft/airtaxi pioneer Lilium achieves breakthrough in investor search

BankruptcyBy EditorDecember 28, 2024

Until this morning, it seemed certain that Lilium would cease operations and let go all of its more than 1,000 employees. Founded in 2015, the Munich based electric aircraft startup, had recently failed to secure follow-on funding, and was reaching the point of insolvency. Just before Christmas, the company had to lay off all its…

NCLT Directs Initiation Of Insolvency Proceedings Against Hero Electric, Suspends Board

BankruptcyBy EditorDecember 28, 2024

The National Company Law Tribunal has initiated insolvency proceedings against Hero Electric following a plea filed by the company’s operational creditor Metro Tyres, which has claimed a default of Rs 1.85 crore. And, in keeping with the provisions of the Insolvency and Bankruptcy Code, the tribunal has suspended the Hero Electric board and in its…

Singporean oil tycoon and family declared bankrupt after collapse of empire

BankruptcyBy EditorDecember 28, 2024

Listen to article Lim Oon Kuin, the founder of Hin Leong Trading Pte., and his two children, Lim Huey Ching and Lim Chee Meng, were officially declared bankrupt on December 19, according to a government gazette published on December… Read the original article here

Singapore Oil Mogul Declared Bankrupt After Empire Collapsed – Bloomberg

BankruptcyBy EditorDecember 28, 2024

Singapore Oil Mogul Declared Bankrupt After Empire Collapsed  Bloomberg Read the original article here

Singapore Oil Mogul Declared Bankrupt After Empire Collapsed

BankruptcyBy EditorDecember 28, 2024

(Bloomberg) — Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. Most Read from Bloomberg The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on…

Singapore Oil Mogul Declared Bankrupt After Empire Collapsed

BankruptcyBy EditorDecember 28, 2024

(Bloomberg) — Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. Most Read from Bloomberg The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on…

Singapore Oil Mogul Declared Bankrupt After Empire Collapsed – Bloomberg

BankruptcyBy EditorDecember 28, 2024

Singapore Oil Mogul Declared Bankrupt After Empire Collapsed  Bloomberg Read the original article here

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