CreditorWatch analysis of ATO tax debt defaults has revealed that 33.6 per cent of private businesses have collapsed over the last year after failing to address significant tax debts. You’re out of free articles for this month The research found that 1,715 out of 5,097 businesses with outstanding tax debts that exceeded $100,000 had become…
EVTOL hopeful Lilium has all but thrown in the towel with a second insolvency filing that will likely be its last, according to a company statement. “As the funding options to secure Lilium’s future have not materialized in time, Lilium Aerospace has filed for insolvency today,” the company said. “While talks about alternative solutions are…
A week after the bankruptcy of West Plant Group’s parent company, the group’s own plant breeding companies have now been declared bankrupt. They are West Plant Fruits, West Plant Limburg, West Plant Vegetables, West Plant Biological and West Plant Retail. The liquidator is investigating the possibilities for a relaunch and is in talks with…
NCLT directs Bank of Baroda and Resolution Professional to provide Pravin Herlekar, former OSCL director, with a detailed breakdown of the ₹290.05 crore claim in ongoing insolvency proceedings | Representational Image Mumbai: The National Company Law Tribunal (NCLT) has directed the Resolution Professional (RP) of Omkar Speciality Chemical Limited (OSCL) and the Bank of Baroda…
A week after the bankruptcy of West Plant Group’s parent company, the group’s own plant breeding companies have now been declared bankrupt. They are West Plant Fruits, West Plant Limburg, West Plant Vegetables, West Plant Biological and West Plant Retail. The liquidator is investigating the possibilities for a relaunch and is in talks with…
Updated Feb 26, 2025 18:43 IST Gautam Adani to acquire power company once owned by Anil Ambani (Pic: ET NOW) Vidarbha Industries Power Ltd (VIPL), once a subsidiary of Anil Ambani’s Reliance Power , was undergoing insolvency proceedings. Last year, Reliance Power had announced that Vidarbha Industries Power ceased to be its subsidiary. Adani Power…
NCLT Admits Ansal Properties & Infrastructure to Insolvency on IL&FS Plea for Rs257 Crore Dues Moneylife Read the original article here
Australia’s No-Holds-Barred War on Phoenix Fraud: Crushing Corporate Crooks AussieTheatre.com Read the original article here
Tesla Automation GmbH, a subsidiary of Tesla Inc. TSLA, has reached an agreement to purchase assets from the German technology company Manz AG. According to the press release issued on Tuesday, the deal involves acquiring Manz’s Reutlingen facility along with over 300 employees working there. Tesla Automation plans to manage this new location moving forward.…
Tesla Automation GmbH, a subsidiary of U.S. electric vehicle giant Tesla Inc., has signed a deal to acquire key assets of insolvent German automation systems supplier Manz AG. The Local Court of Stuttgart opened insolvency proceedings about the assets of Manz AG on Monday. The Tesla Automation agreement: As per the purchase agreement, Tesla Automation…