Burning Sun Scandal: K-Pop Scandal-Ridden Burning Sun Entertainment Goes Bankrupt After Assets Fall Below 500 Million KRW | BIGBANG Seungri

Bankruptcy

K-Pop Scandal-Ridden Burning Sun Entertainment Goes Bankrupt After Assets Fall Below 500 Million KRW Burning Sun Entertainment has gone bankrupt. The corporation the infamous nightclub Burning Sun in Gangnam has officially begun bankruptcy proceedings, as reported by Korean media. On March 25, legal sources stated that the Seoul Bankruptcy Court’s Division 13 declared simplified insolvency…

Ola Electric Reaches Settlement, Rosmerta Group Withdraws Insolvency Pleas

Bankruptcy

Ola Electric Technologies Private Limited reached a financial settlement with the Rosmerta Group, leading to the withdrawal of insolvency petitions previously filed against the company. The resolution was confirmed in a regulatory filing on Tuesday. The dispute originated when Rosmerta Digital Services and Rosmerta Safety Systems filed insolvency petitions against Ola Electric Technologies, citing unpaid…

Ola Electric settles dues with vehicle registration agency Rosmerta Group; insolvency pleas withdrawn

Bankruptcy

Ola Electric Technologies Private Limited, a subsidiary of Ola Electric Mobility Limited, has settled its financial dispute with the vehicle registration agency Rosmerta Group, leading to the withdrawal of insolvency petitions filed against it. The company confirmed the resolution in a regulatory filing on Tuesday, stating that all outstanding payments have been cleared. “We wish…