Thurston Group: Yorkshire manufacturer acquires Alsim System Building after firm enters insolvency Yorkshire Post Read the original article here
Builder.ai, the British no-code AI startup once celebrated for its strategic partnership with Microsoft (NASDAQ:MSFT) and a $250 million raise led by the Qatar Investment Authority, announced Tuesday that it is filing for bankruptcy protection. According to Bloomberg, the dramatic fall comes after a major lender, Viola Credit, seized $37 million from the company’s accounts,…
Fantasy werewolves are set to haunt Shiver — the much-anticipated film based on the first novel in the Wolves of Mercy Falls romantasy series which wrapped filming in Vancouver late last year. But the financial wolves at the doors of the movie’s producers have put Shiver on ice — forcing the production company formed to make the film into insolvency…
An Oxfordshire builder has received a prison sentence at hearing at Oxford Crown Court on Thursday 29 May, following an investigation by Oxfordshire County Council’s trading standards team and the National Trading Standards tri regional investigation team. Mr David McCallium, formerly of Newbury, now Bicester, pleaded guilty to three charges of fraudulent trading, two charges…
Supreme Court Issues Notice in Byju’s Insolvency Case on Appeals by BCCI and Director Riju Raveendran The Law Advice Read the original article here
The Supreme Court on Thursday refused to stay the corporate insolvency resolution process (CIRP) of Think & Learn, the parent company of online education services company Byju’s, even as it sought a response from the former’s creditors, Aditya Birla Finance and US lender Glas Trust Co. LLC, and others. Responses have also been sought from…
Administrators have been appointed for commercial building manufacturer Jans Offsite Solutions. The Antrim-based firm, which is a subsidiary of Jans Holdings Ltd, appointed insolvency experts from Keenan Corporate Finance in Belfast on 19 May. According to accounts for the year ending 31 December 2023, Jans Offsite Solutions has 79 employees. It had said that the…
Some current and former staffers at Builder.ai, a once-promising AI start-up, have been issued subpoenas from the US Attorney’s office in Manhattan days after the company declared insolvency. A former high-level employee at the Microsoft-backed company confirmed that, on the advice of counsel, some employees have been asked to preserve documents and other evidence related…
On March 24, 2025, Chancellor Kathaleen McCormick of the Delaware Court of Chancery issued a post-trial opinion in Desktop Metal, Inc. v. Nano Dimension Ltd.,1 ordering the parties to comply with a merger agreement and close a transaction to consummate Nano’s acquisition of Desktop Metal. The decision offers a helpful case study of a deal…
The Supreme Court on Thursday agreed to hear a petition filed by the promoters of tech company Byju’s, seeking to uphold a pre-Corporate Insolvency Resolution Process (pre-CoC) settlement in the company’s insolvency proceedings. The promoters’ lawyers challenged the decision by the Chennai-bench of National Company Law Appellate Tribunal (NCLAT) that denied withdrawal of insolvency proceedings…