NCLT Rejects Objection By Amazon, Orders Insolvency Proceedings Against Future Retail – BW Legal World
NCLT Rejects Objection By Amazon, Orders Insolvency Proceedings Against Future Retail BW Legal World Read the original article here
Another mall declared insolvent | EurobuildCEE
ROMANIA The Grand Arena Mall in Bucharest has been declared insolvent after three construction companies (Arcon Constructions, Climatehnic and CZ & C) petitioned the courts for repayment of debts, according to local media. You are reading this content because it is covered by the free limit. Buy full access! The owner of the shopping centre,…
Man who owed Dhs707,000 declared bankrupt by Dubai court
Mohammed Yaseen, Staff Reporter The Civil Court in Dubai has rendered a judgment in a case concerning a Gulf national who is indebted to the amount of Dhs707,000. The court has declared this individual to be insolvent for a period of three years, a decision which precludes him from entering into any binding commitments for…
Personal insolvencies ease slightly in December
The number of personal insolvencies linked to individuals running a business dropped further in December, according to the latest AFSA statistics. The latest personal insolvency statistics indicated a total of 828 personal insolvencies for December last year, according to provisional monthly statistics by the Australian Financial Security Authority. This was a substantial drop from the…
Electric carmaker Fisker files for US bankruptcy protection | Automotive industry
The electric car company Fisker has filed for US bankruptcy protection, making it the latest EV startup to collapse trying to challenge the established car industry. The company was started in 2016 by the husband-and-wife team Henrik Fisker and Geeta Gupta-Fisker. It is the second attempt by Fisker, a former Aston Martin design chief, to…
Dubber at risk of insolvency as auditors flag ‘material uncertainty’ — Capital Brief
The news: Embattled voice recording tech company Dubber looks to be at risk of insolvency as auditors flagged ‘material uncertainty’ in its full-year results and issued a correction to previous years’ accounts. The numbers: Dubber acknowledged that $26.6 million of company money is still missing with the business alleging former CEO Steve McGovern and third…
Scott lost his son. Then his business became insolvent – The Canberra Times
Scott lost his son. Then his business became insolvent The Canberra Times Read the original article here
Pep Guardiola: Man City boss says 40-man squads needed to cope with schedule but clubs would go bankrupt | Football News
Manchester City manager Pep Guardiola believes 40-man squads could be the only way to cope with the demands of the football calendar but says it would drive clubs to bankruptcy. City are one of many sides, including Tottenham and Arsenal, to have been dogged by injuries this season, with defender Manuel Akanji the latest player…
Provisional liquidators appointed to medical firm which is allegedly owed €1.2m by HSE
Provisional liquidators have been appointed to a Co Cork-based medical supplies company that alleges it is owed €1.2 million by the HSE. PMD Device Solutions Ltd petitioned the High Court for the appointment on Friday, acknowledging that it is “clearly insolvent”, with over €14.6 million in liabilities set against €4.6 million in assets. The company,…
NCLT Admits Insolvency Petition Against Mumbai’s Hellios Tubealloys Pvt Ltd, Initiates Resolution Process
The National Company Law Tribunal (NCLT), has admitted insolvency claim against M/s Hellios Tubealloys Pvt, a mumbai based firm, who had availed financial assistance from Bank of Baroda (BOB), securing a term loan of Rs 3.66 crore and additional credit facilities amounting to Rs 30.05 crore. Hellios Tubealloys Pvt. Ltd. was engaged in the manufacturing and export…