Adenauer & Co., the German fashion and retail group founded in 2010, is set to continue its operations under new ownership following the acquisition of substantial assets of the insolvent company by an investor consortium led by BK Retail Group, Daniela Rumberg and Axel Heiter. Adenauer & Co., the German fashion and retail group founded…
The arithmetic is brutal: an 89 percent share-price collapse in a single month has left PANDION trading at €4.80, down another 4 percent on the day. But the real story sits outside the daily chart. The Cologne-based property group has filed for insolvency, and the fate of a development portfolio worth roughly €4.8 billion now…
The math is brutal, and the market is pricing it in without hesitation. PANDION shares have shed 89 percent of their value over the past 30 trading days, with the equity now changing hands at €4.65 after a 7 percent slide on the day. The technical picture reads like a distress signal: a relative strength…
The National Company Law Tribunal (NCLT) on Monday deferred orders in eight insolvency petitions against SpiceJet after the airline and one of its aircraft lessors informed the tribunal that they had reached a settlement hours before the orders were scheduled to be pronounced. A special Bench comprising Judicial Member Mahendra Khandelwal and…
Florigen was legally incorporated on Tuesday, August 11, the same day its first trial began at the Delphy Improvement Centre in Bleiswijk. The company is the first commercial venture to emerge from the HortiScience Innovation Center (HIC), where the concept was developed earlier this year during one of the centre’s recurring entrepreneur sessions. Florigen…
The Ministry of Corporate Affairs (MCA) will examine litigation funding for PUFE – Preferential, Undervalued, Fraudulent, and Extortionate transactions under the insolvency regime to improve recoveries, the ministry told a parliamentary standing committee in a written reply. “Litigation funding for PUFE transactions will be examined in light of global best practices and…
Key takeaways: At least 16 freight companies were left with unpaid invoices. The debts exceeded US$508,000, €334,000 and £25,000. The bills were incurred during a three-month period between August and October 2024. The company belonged to the JCTrans international freight network, which appeared to give it credibility among other members. Investigators said the business could…
Raleigh is likely the first brand many people think of when they think of biking. For some, it may be the only bike brand they know. So it may be a shock for them to hear that such an iconic name, with a legacy of Tour De France and Olympic-level success, has gone out of…
SpiceJet reached a settlement with aircraft lessor Aviator ML on Monday over a payment dispute involving around ₹60 crore, but the National Company Law Tribunal (NCLT) deferred its judgment in a batch of eight insolvency petitions against the airline after other lessors opposed the settlement. SpiceJet informed the NCLT that an agreement had been reached…
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