Insolvency: UK‑based LED Studio collapses

The consolidation in the LED and Digital Signage market continues. On 20 April, UK‑based LED manufacturer LED Studio filed for insolvency. The company, which manufactures in China, had focused for many years on specialized Digital Signage applications and was a familiar presence at ISE, regularly exhibiting with a large booth. Read the original article here

Telangana HC Grants Pre-Arrest Bail in Alleged ₹167 Lakh Misappropriation Linked to IBC Liquidation [Read Order]

In a recent ruling, the Telangana High Court granted pre‑arrest bail to a former director of G.S. Biotech Limited, who was accused of misappropriating ₹167 lakh in government compensation after the company entered liquidation under the Insolvency and Bankruptcy Code (IBC). The case originated from a complaint filed by the Liquidator of G.S. Biotech Limited, alleging that Makhariya misrepresented…

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British parent of nuclear developer Moltex Energy Canada in talks with potential buyer

Open this photo in gallery: The exterior of the Point Lepreau Nuclear Generating station in Lepreau, N.B.Kevin Bissett/The Canadian Press More than a year after the parent company of New Brunswick nuclear technology developer Moltex Energy Canada Inc. entered into a British insolvency proceeding, “advanced” negotiations with a potential buyer are progressing, according to an…