NCLT Mumbai Bench Reserves Order on Resolution Plan for Vas Infrastructure Limited – scanx.trade
NCLT Mumbai Bench Reserves Order on Resolution Plan for Vas Infrastructure Limited scanx.trade Read the original article here
Once mighty company “LadaGarant” declared bankrupt
The company “LadaGarant”, which was previously one of Minsk’s major developers, has been declared bankrupt. Minsk Economic Court opened liquidation proceedings on May 5, which are expected to conclude by January 2027, Office Life reports . Павялічыць Owner of “Lada-Garant” Aliaksei Vahanau The firm was founded more than 30 years ago by entrepreneur Aliaksei Vahanau.…
Norwegian cell manufacturer Morrow Batteries files for insolvency
Morrow Batteries had until recently been one of the few battery cell manufacturers producing in Europe. Now, the Norwegian company has suffered same fate as the significantly larger Northvolt from Sweden: Morrow Batteries has for insolvency. The company’s downfall stems from its inability to compete in a consolidating market—it was simply too small. Its plant,…
NCLT Kolkata Refuses Consolidation Of Group Companies’ CIRPs Over Advanced Stage Of One Insolvency Process
The Kolkata Bench of the National Company Law Tribunal (NCLT) has refused to consolidate the corporate insolvency resolution processes (CIRPs) of Sarita Steel & Power Limited and Ankit Metal & Power Limited, holding that Ankit Metal’s resolution process had already reached an advanced stage with multiple plans evaluated. “The assets are interconnected, but the CIRP…
Bankrupt Luxembourg music school to reopen under new owners next week – Luxembourg Times
Bankrupt Luxembourg music school to reopen under new owners next week Luxembourg Times Read the original article here
Native Instruments acquired by inMusic following insolvency
Berlin-based music tech company Native Instruments has been acquired by inMusic after entering insolvency proceedings earlier this year. It follows a period of uncertainty for the music company, who revealed in January that they would have to sell off “various assets” in order to “secure a healthy, financially sustainable future.” After entering full insolvency proceedings…
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Scottish flooring firm collapses into liquidation after 13 years
The Elgin-based firm entered “compulsory liquidation” last week on May 5. The independent firm appointed liquidators earlier this month(Image: Getty Images ) A Scottish carpet and flooring company has gone bust recently. It’s just the latest firm to collapse amidst the ongoing challenging retail environment. The Floor Studio, which was located in Elgin, Moray, entered…
Native Instruments acquired by inMusic, owner of Akai and Moog, three months after entering insolvency
Music technology and professional audio company inMusic has signed a definitive agreement to acquire Native Instruments, the Berlin-based music tech firm behind Kontakt, Traktor, iZotope, Plugin Alliance, and Brainworx. The deal, announced on Friday (May 8), comes roughly three months after Native Instruments entered preliminary insolvency proceedings in Germany. The transaction is expected to close in the coming weeks, inMusic and Native…
Court halts Wootzano liquidation initiated by Innovate UK
DealsManufacturing Newcastle robotics firm Wootzano has resumed trading after the Court of Session in Edinburgh halted liquidation proceedings. It followed the confirmation of approximately £237 million in contracted distribution agreements in a report submitted to the court. The court granted a sist – a Scottish legal mechanism that pauses the liquidation process and allows a…