Provisional liquidators have been appointed to a Co Cork-based medical supplies company that alleges it is owed €1.2 million by the HSE. PMD Device Solutions Ltd petitioned the High Court for the appointment on Friday, acknowledging that it is “clearly insolvent”, with over €14.6 million in liabilities set against €4.6 million in assets. The company,…
The National Company Law Tribunal (NCLT), has admitted insolvency claim against M/s Hellios Tubealloys Pvt, a mumbai based firm, who had availed financial assistance from Bank of Baroda (BOB), securing a term loan of Rs 3.66 crore and additional credit facilities amounting to Rs 30.05 crore. Hellios Tubealloys Pvt. Ltd. was engaged in the manufacturing and export…
It’s already the middle of February, and if you’ve been following the KTM insolvency saga, then the name of this month may just ring a bell for you. Why? Because February 25th is the deadline for any KTM restructuring plan to officially be approved by its creditors. Preliminary hearings have so far allowed KTM to…
National Company Law Tribunal, Hyderabad has approved JSW Energy Limited‘s ₹ 16,084 crore Resolution Plan for KSK Mahanadi Power Company Limited, a Chhattisgarh-based thermal power company. JSW Energy Limited submitted the resolution plan under the Corporate Insolvency Resolution Process of KSK Mahanadi Power Company Limited. “Pursuant to the Challenge Process undertaken by the Resolution Professional…
Home News ‘America will go bankrupt if…’: Elon Musk flags concern over…, says Trump govt must… Elon Musk raised the issue of the country’s gigantic budget deficit, which has surged to over USD 1.8 trillion in the last financial year. POTUS Donald Trump and Elon Musk in the Oval Office during a discussion of DOGE’s…
“We have no reason to believe this will change in the foreseeable future,” the statement said. “It is taking longer than anticipated to finalise our financial results due to extenuating circumstances related to the once-in-a-generation transition to the new Sydney Fish Market. We are finalising the accounts with the appropriate level of due diligence, and…
A business which claimed to sell adult films has been shut down following concerns it was being used as a direct debit scam. Drawntear Ltd was wound-up at a hearing of the High Court in Manchester. The company, which said it was based in Hull before moving its registered office address to Kings Langley in…
Insolvency: Renault’s H2 subsidiary Hyvia fights to stay afloat www.electrive.com Read the original article here
“By judgment dated 10 February 2025, the District Court of and in Luxembourg, sitting in commercial matters, declared bankrupt the limited liability company Boulevardpresse SARL, operating under the trade names Lëtzebuerg Privat and Promi Lëtzebuerg.” The company that publishes the Luxembourg tabloid Privat, headed by Jean Nicolas, is therefore bankrupt, with the date of cessation…
The French arms company Verney-Carron, established more than 200 years ago, announced the termination of payments to employees and launched a bankruptcy case, one of the reasons for this was the breakdown of a contract with a Ukrainian company worth € 36 million. This was reported by BFM TV. The hearing in the Verney-Carron case…