Category Archives: Bankruptcy

Ola Electric shares hit record low after unit faces insolvency petition – Deccan Herald

Ola Electric shares hit record low after unit faces insolvency petition  Deccan Herald Read the original article here

Ola Electric share price drops 4% amid insolvency proceedings by Rosmerta Digital Services against company

Ola Electric share price slumped by almost 4% during Monday’s trading session after Rosmerta Digital Services Ltd, its vehicle registration service provider, announced on Saturday that it intends to initiate insolvency proceedings against its wholly-owned subsidiary, Ola Electric Technologies Pvt Ltd. In a regulatory submission, the company announced that M/s. Rosmerta Digital Services Ltd, which…

Ola Electric shares in focus amid insolvency petition against subsidiary

The shares of Ola Electric Mobility are expected to be in focus on Monday, March 17, after the company informed that a petition has been filed against its wholly-owned subsidiary, Ola Electric Technologies by M/s. Rosmerta Digital Services. The petition was submitted by Rosmerta Digital, which is an operational creditor of Ola, before the National…

Property and wine tycoon bankrupt after stock market scandal

Richard Balfour-Lynn, the property and wine mogul, has been made bankrupt after failing to pay millions of pounds in compensation to investors over a stock market scandal at the former owner of Liberty, the luxury retailer. Balfour-Lynn, 71, said he did not “have the means to pay the high levels of compensation” ordered by the…

SunPower is Bankrupt. What Now?

The dust is still settling from SunPower’s collapse, and it’s still not clear how bankruptcy proceedings will impact the company’s ability to serve its remaining customers. However, SunPower isn’t the first solar company to go bankrupt, so there is precedent we can study.  In the meantime, here are some steps you can take if you…