Fusion Fuel Green Faces Insolvency Challenge with Portuguese Subsidiary – TipRanks
Fusion Fuel Green Faces Insolvency Challenge with Portuguese Subsidiary TipRanks Read the original article here
Volocopter files for insolvency amid financial woes
Volocopter, a German flying taxi startup, faces insolvency just days after investors stepped in to rescue its competitor, Lilium. The company has developed electric vertical takeoff and landing (eVTOL) aircraft to provide an eco-friendly alternative to traditional urban commuting. However, Volocopter is now struggling with severe financial difficulties. The announcement highlights the challenges that companies…
Most Read: Air Taxi Company Files for Bankruptcy, Seeks New Funding; Las Vegas Security Increased for CES 2025 – IoT World Today
Most Read: Air Taxi Company Files for Bankruptcy, Seeks New Funding; Las Vegas Security Increased for CES 2025 IoT World Today Read the original article here
NCLAT on companies under IBC
New Delhi, Jan 3 (PTI) The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation process starts against any debt-ridden company under the IBC. However, it also clarified that once a debt-ridden company is protected under moratorium after the initiation of insolvency…
Forward AM files for insolvency: What happens next?
In Heidelberg, Germany, it was business as usual. The polymer production line was pushing out materials for packaging and postage. The service bureau arm of the business continued to provide printed parts. Up the road in Frankfurt, public-facing employees were making connections, promoting products and highlighting application success stories. Is that piquing your interest? Probably…
Government Research Into Creditors Voluntary Liquidations Highlights Virtually Nil Return to Creditors
The Insolvency Service has just released its Creditors’ Voluntary Liquidation (CVL) Research Report. The purpose of this report was to ascertain whether the recent reforms in 2017 on the CVL process had, in fact, made the process more efficient and increased the returns to creditors. Analysis was performed on a randomly sampled dataset of 2,717…
Andhra Pradesh HC Rejects Petition Over False Financial Claims
The petitioner had claimed significant financial losses in his tobacco business, arguing that he had no income-earning properties to repay loans borrowed from multiple creditors In the recent ruling the High Court of Andhra Pradesh dismissed a revision petition filed by the assessee for misrepresentation of financial facts in his tobacco business. Vaddempudi Sivannarayana,petitioner -assessee,…
E-bike brand Stella Fietsen declared bankrupt – The Brussels Times
E-bike brand Stella Fietsen declared bankrupt The Brussels Times Read the original article here
Dem-run city may go bankrupt thanks to public sector pension scheme – MSN
Dem-run city may go bankrupt thanks to public sector pension scheme MSN Read the original article here
Lilium Secures New Investor Agreement to Support Business Restart
eVTOL manufacturer, Lilium has announced an asset purchase agreement with Mobile Uplift Corporation, a newly formed company backed by a consortium of European and North American investors. The agreement involves Mobile Uplift Corporation acquiring the operating assets of Lilium GmbH and its subsidiary, Lilium eAircraft GmbH. The transaction represents a significant step in Lilium’s financial…