In a significant development, the National Company Law Tribunal (NCLT), Kochi Bench, has ordered the liquidation of Greenlace Builders and Developers Private Limited, a real estate and construction company based in Kochi, Kerala. The decision came after the Committee of Creditors (CoC) voted in favor of liquidation, citing the company’s inability to continue operations and…
Motorbike Maker KTM’s Creditors Take 70% Hit in Restructuring MSN Read the original article here
Lilium, the German eVTOL (electric vertical takeoff and landing) aircraft manufacturer, has shut down operations after failing to secure critical funding. This marks the company’s second insolvency filing in a matter of months, bringing an end to what was once seen as a revolutionary force in the urban air mobility sector. Lilium’s collapse follows years…
Lilium, the German eVTOL (electric vertical takeoff and landing) aircraft manufacturer, has shut down operations after failing to secure critical funding. This marks the company’s second insolvency filing in a matter of months, bringing an end to what was once seen as a revolutionary force in the urban air mobility sector. Lilium’s collapse follows years…
The sector faces mounting financial risks that could jeopardise operations and, ultimately, impact patient safety. Setting the scene – rising demand and sector pressures According to the Office for National Statistics (ONS), the UK population is expected to reach 70 million by mid-2026, with the number of people aged 85 and over projected to rise…
German eVTOL developer Lilium Aerospace has filed for insolvency for the second time after a planned investor rescue failed to materialize. The company, which initially filed for insolvency in October 2024, had hoped to secure a €200 million (US$210 million) investment from a group of European and North American investors under the Mobile Uplift Corporation…
8 February 2023, 04:57 PM The National Bank of Ukraine (NBU) declared JSC Forward Bank, owned by Russian citizen Rustam Tariko, to be insolvent, the central bank reported on Feb. 8. The NBU took this decision due to the irreversible deterioration of the bank’s financial condition. The bank has been considered problematic since Nov. 24,…
Lilium faces second bankruptcy as funding deal collapses AviTrader Read the original article here
Tesla to acquire parts of insolvent German parts maker Manz Reuters Read the original article here
The parties have signed a corresponding purchase agreement, insolvency administrator Martin Mucha told the German press agency DPA. A price was not communicated. According to the report, Mucha is pleased to have successfully concluded the negotiations with Tesla, saving many jobs. The German engineering company Manz filed for insolvency in December 2024, after lenders said…