NEW DELHI: The National Company Law Tribunal (NCLT), Mumbai bench, has approved the resolution plan submitted by Nuvoco Vistas Corp. for the acquisition of Vadraj Cement (VCL) in the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC). The resolution plan includes an upfront payment of ₹1,800 crore. Nuvoco intends to fund…
A company which had dreams of becoming the world’s largest deep sea mining company has declared bankruptcy. Norwegian company, Loke Marine Minerals, aimed to hold licences in the Pacific and the Arctic. Now, their deep sea mining dreams have been shattered. Loke also owns UK Seabed Resources, which holds the UK’s two deep sea mining…
Monday, 17 February 2025 Books+Publishing @booksandpublishing Ocean Reeve Publishing, a hybrid publisher based in Queensland and in Aotearoa New Zealand, has declared bankruptcy. In a statement, the Reeve family said, ‘websites, emails, [and] social media related to ORP or Ocean Reeve will be disabled and no longer active as Ocean Reeve Publishing will cease…
Kota Kinabalu: Pacific Sanctuary Holdings Sdn Bhd, the developer of the abandoned PacifiCity Project along Jalan Istiadat, Likas, was wound up by the High Court here on Oct 17, 2024. By a Court Order one Dato’ Raveendra Kumar a/l Nathan of RKN & Co. has been appointed as the Liquidator. Advertisement RKN & Co.…
Mervyn King declared bankrupt over huge unpaid tax bill live-darts.com Read the original article here
On April 2, 2025, Justin Sun, a prominent figure in the cryptocurrency space, announced via Twitter that First Digital Trust (FDT) is insolvent (Source: Twitter, @justinsuntron, April 2, 2025). This statement was made at 10:30 AM UTC, causing immediate ripples across the crypto market. At the time of the announcement, FDT’s native token, FDT Coin,…
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Roberts never finished the building work that his victim paid £17,000 for him to complete – (The Insolvency Service) A builder who left a gaping hole in a woman’s house where her kitchen once stood has been handed a suspended jail sentence. Gary Roberts, from Cheshire, persuaded his victim to pay over £17,000 for new…
Former Putin challenger is declared bankrupt by Russian court MSN Read the original article here
(rdnewsNOW/ Ian Gustafson) By rdnewsNOW staff not bankrupt Apr 3, 2025 | 1:01 PM Sunterra Quality Food Markets Inc., an Alberta-based company with multiple arms, including a line of grocery stores, has filed for bankruptcy protection. More precisely, the company filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act,…