The National Company Law Tribunal’s Mumbai bench has approved a Rs 352.5 crore resolution plan submitted by Bharadvaja Buildcon LLP for Radius & Deserve Land Developers Private Limited, closing out a 38-month insolvency process during which the sole financial creditor, IDBI Trusteeship Services Limited, will recover just 10.75% of its admitted claim. A two-member bench…
Jeff Bezos might no longer be the CEO of Amazon, but that doesn’t mean he doesn’t have opinions about the business he founded and still holds stock in. Or, about business in general. It just so happens that those opinions might not be what anyone wants to hear from someone like Jeff Bezos. Despite that,…
When Growth Becomes a Trap: The Economics Behind European Battery Manufacturer Distress There is a counterintuitive reality at the heart of the global clean energy transition: a market can expand rapidly while simultaneously destroying the financial viability of the companies operating within it. This dynamic has played out with painful clarity across European battery manufacturing,…
Metal 3D printing firm 3DEO has filed for insolvency with all of its intellectual property assets up for sale. 3DEO was a parts production business that developed and applied a proprietary metal additive manufacturing process. The patented Intelligent Layering process paired binder jetting with layer-by-layer CNC milling to produce parts, with 3DEO focusing primarily on…
Varta files for self-administered insolvency, including storage business ESS News Read the original article here
The Supreme Court on Monday (July 27) observed that an operation of a moratorium under the Insolvency & Bankruptcy Code, 2016, against a residential project development company would not be a ground to reject the consumer complaints against its promoters/directors. “In the present case, Respondent No.1 alone is the corporate debtor against whom the CIRP…
Varta Files for Insolvency Amid Deepening Crisis – German Battery Maker Maintains Operations – Earnings Volatility Report po-news-eg.net Read the original article here
A fourth company director has been disqualified for their role in a scheme involving unauthorised banking transactions worth almost £14 million. Daryl Dylan from Dublin allowed unarranged overdrafts with Barclays Bank to be used to make transfers of more than £1.6 million from the accounts of Oldcocdt and Oldcostl in 2021. Most of…
German battery maker Varta files for insolvency Renewables Now Read the original article here
Varta files for insolvency as German battery maker’s crisis deepens Euronews.com Read the original article here