Creditors have voted to wind up ZEN Energy and 11 related companies after administrators failed to secure a buyer, with the group owing about $1.1 billion and secured creditors facing recoveries of no more than about 10 cents in the dollar even in a high-case scenario. Read the original article here
Liquidators have been instructed to wind down Go Fly Oxford, which provided lessons for commercial and private pilots licences. Colin Wilson and Emma Mifsud, of Opus Restructuring & Insolvency, have been appointed as joint liquidators for Go Fly Oxford Ltd back in May 2025. But new records filed by the liquidators have revealed an HMRC…
A small investment made at the right moment has the power to launch ordinary people to millionaire status. All it took was $1,000 and an out-there idea for Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange, to set his business on a path to becoming a $85 billion behemoth. “I had this idea that…
The joint memo thus filed is taken on record, and accordingly, the appeal is disposed of in terms of the memo, said a NCLAT bench comprising Justice N Seshasayee (Judicial Member) and Jatindranath Swain (Technical Member). Insolvency appellate tribunal NCLAT has disposed of an appeal filed by JSW Mahanadi Power Company Ltd against Raigarh Champa…
SINGAPORE, Aug 16 — More than 40 investors in a Singapore vending-machine business are facing losses of up to S$4 million (RM12.6 million) after its owner was declared bankrupt last month, following promises of annual returns of up to 10 per cent. Lim Jian Bin, who marketed himself as a successful entrepreneur with investments in…
SINGAPORE, Aug 16 — More than 40 investors in a Singapore vending-machine business are facing losses of up to S$4 million (RM12.6 million) after its owner was declared bankrupt last month, following promises of annual returns of up to 10 per cent. Lim Jian Bin, who marketed himself as a successful entrepreneur with investments in…
PANDION’s Insolvency Cascade Deepens as Five Subsidiaries Seek Protection ad-hoc-news.de Read the original article here
Zaihan Mohamed YusofThe Straits TimesAug 16, 2026 He branded himself as a former private-hire vehicle (PHV) driver-turned-savvy businessman, with investments in 500-plus vending machines and commercial properties. Lim Jian Bin, who is also known by his online moniker Takeshi Lim, met potential investors decked in branded clothes with a luxury watch on his wrist, and…
SINGAPORE – He branded himself as a former private-hire vehicle (PHV) driver-turned-savvy businessman, with investments in 500-plus vending machines and commercial properties. Lim Jian Bin, who is also known by his online moniker Takeshi Lim, met potential investors decked in branded clothes with a luxury watch on his wrist, and driving a Lamborghini, and later…
PANDION Bondholders Face a Fragmented Insolvency Puzzle as September Webcast Approaches ad-hoc-news.de Read the original article here