The decline comes after two operational creditors filed insolvency petitions against the company’s wholly owned subsidiary, Ola Electric Technologies Pvt. Ltd., before the Bengaluru bench of the National Company Law Tribunal (NCLT). 1 Min Read Shares of Ola Electric Mobility Ltd. extended their losing streak for a third consecutive session on Tuesday, slipping another 1%…
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Alistair McAlinden and Geoff Jacobs, of Interpath, have been appointed joint administrators to BGL Contracts Limited. The administrators pointed to “unforgiving contracts” which are leaving companies like BGL “highly vulnerable to insolvency”. The company was a subcontractor specialising in electrical fit-out to clients across a number of sectors, “notably in leisure and hospitality, automotive and…
A Scottish company operating for almost two decades has been placed into administration. All 40 jobs were lost with the collapse of the Glasgow company amid “insurmountable challenges”. Alistair McAlinden and Geoff Jacobs, of Interpath, have been appointed joint administrators to BGL Contracts Limited. The administrators pointed to “unforgiving contracts” which are leaving companies like…
Building companies are being put on notice that they will be banned from the industry if they have links to past financial mismanagement, under WA Government laws to stamp out “phoenixing”. The Building Services Board will move to exclude contractors where there is clear evidence that an officer has been involved in a previously insolvent…
Exclusion powers target directors of failed, poorly managed building companies The National Tribune Read the original article here
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An improvised memorial for fallen fighters of Wagner private military company in central Moscow, which has become a general memorial for the Russian military toll – Alexander Nemenov/AFP via Getty Images Half a million Russians went bankrupt last year as Vladimir Putin risks an “explosive” banking crisis, an intelligence report has warned. Deteriorating business loans…