Kenyan vehicle manufacturer Mobius shutting down, issues notice of insolvency – MSN
Kenyan vehicle manufacturer Mobius shutting down, issues notice of insolvency MSN Read the original article here
Greeley company files for Chapter 11 bankruptcy while facing lawsuits, liens and unpaid bills – BizWest
GREELEY — After a tumultuous year of trying to get out from under a mountain of debt — some of which was derived from alleged deceptive practices by lenders — a local civil construction and project management company has sought Chapter 11 bankruptcy protection. Open Range Services Inc. filed for bankruptcy reorganization on July 31 while…
Byju's Insolvency Case Fans Employees' Fears on Careers, Dues – MSN
Byju’s Insolvency Case Fans Employees’ Fears on Careers, Dues MSN Read the original article here
Beachwear Brand Salt Life to Be Sold, Sister Business Liquidated
Beachwear brand Salt Life has multiple bidders interested in rescuing the company from bankruptcy but the company’s related active wear business will be liquidated, a lawyer said in court Thursday. No bidders were willing to take on all of the Delta side of the company, attorney Jeremy R. Johnson told the judge overseeing the company’s…
Company insolvencies in England and Wales higher in past year than during financial crisis; gold hits record highs – as it happened | Business
More companies went bust in past year than during financial crisis More companies in England and Wales went bust in the last year than at the height of the financial crisis, the latest insolvency figures show. There were 25,551 insolvencies in the 12 months from August 2023 to July 2024, new data from the Insolvency…
Beachwear Brand Salt Life to be Sold, Sister Business Liquidated – BNN Bloomberg
(Bloomberg) — Beachwear brand Salt Life has multiple bidders interested in rescuing the company from bankruptcy but the company’s related active wear business will be liquidated, a lawyer said in court Thursday. No bidders were willing to take on all of the Delta side of the company, attorney Jeremy R. Johnson told the judge overseeing…
Nestle CEO Mark Schneider resigns; company veteran Laurent Freixe to take over as chief – Mint
Nestle CEO Mark Schneider resigns; company veteran Laurent Freixe to take over as chief Mint Read the original article here
Legal Blow for BYJU’S: SC Denies Request to Delay Insolvency Proceedings Meeting
In a significant setback for the beleaguered edtech company BYJU’S, the Supreme Court (SC) has declined to stay the meeting of the Committee of Creditors (CoC) organized by the resolution professional handling the firm’s insolvency proceedings. This decision follows ongoing legal battles related to the company’s financial distress. Supreme Court Decision and Legal Proceedings The…
Biotech Destiny Pharma Tips Into Insolvency in Cash Crisis – BNN Bloomberg
(Bloomberg) — Destiny Pharma Plc, a British biotech company chaired by City veteran Nigel Rudd, has appointed insolvency practitioners after failing to secure a rescue deal. Destiny Pharma, which earlier this month delisted from the London Stock Exchange’s Alternative Investment Market, had been unable to secure a licensing partner to fund clinical trials for its…
Adani Power gets approval to acquire Lanco Amarkantak Power for Rs 4,101 cr | Company News
The object of the LAPL, being the generation of power, is on the same line as the main line of the company’s business. Image: Bloomberg 2 min read Last Updated : Aug 22 2024 | 11:03 PM IST Adani Power on Thursday said the NCLT Hyderabad bench has approved its plan to acquire Lanco…