Tourists stranded as travel agency files bankruptcy, cancels trips – thestreet.com
Tourists stranded as travel agency files bankruptcy, cancels trips thestreet.com Read the original article here
Black British Theatre Awards enters liquidation, documents reveal
Solange Urdang with her fellow co-founder of the Black British Theatre Awards Omar F. Akai. Credit: Stuart C Wilson Black British Theatre Awards CIC – the company behind the annual awards that this week announced it had been cancelled for 2026 – has entered liquidation THIS IS NOT A PAYWALL Serious about theatre?Join over 100,000…
Millions in Debt! Smart TV Company Faces Total Collapse
Vienna-based StreamView GmbH, an international distributor of smart TV devices, is facing closure. The company has initiated insolvency proceedings at the Vienna Commercial Court. The triggers include failed business relationships and a lack of financial resources, which have severely impacted operations recently. StreamView GmbH has been around since 2019. It specializes in distributing smart TV…
Supreme Court Upholds Rejection Of Operational Creditor’s Insolvency Plea Against Essar Power Gujarat
The Supreme Court on Wednesday (July 8) refused to interfere with the National Company Law Appellate Tribunal (NCLAT) order rejecting an ₹85-crore insolvency petition against Essar Power Gujarat Ltd. on the ground that a pre-existing dispute exists between the parties. A partial court working days bench of Justice Nongmeikapam Kotiswar Singh and Justice K. Vinod…
Why have half a million Russians gone bankrupt amid Ukraine war? | Russia-Ukraine war News
Half a million Russians declared bankruptcy last year as the country’s banking institutions bear the brunt of the cost of the war in Ukraine, a European intelligence report says this week. As the war in Ukraine continues into its fifth year, Russia’s Ministry of Economic Development has cut its GDP forecast for 2026 from 1.3…
Ola Electric counters NCLT insolvency claims
Ola Electric has rejected the insolvency petitions filed against its manufacturing arm, Ola Electric Technologies Pvt. Ltd., calling them a retaliatory legal tactic. The company dismissed the insolvency claims as a retaliatory legal tactic, asserting that the disputed amount of ₹40.6 crore is already the subject of pre-existing arbitration proceedings with Anevolve Mando E-Mobility and…
Insolvency Service to use AI to target phoenixism
A new Insolvency Service taskforce will target ‘abusive phoenixism’ by company directors. The Insolvency Service will use AI to root out rogue directors who deliberately fold their companies to dodge tax and walk away from their debts. Phoenixism accounted for 22 per cent of the £3.8 billion in total tax losses in 2022-23, according to…
NCLT Kochi Rejects Insolvency Plea Against BPL, Finds It Was Attempt To Recover Arbitral Award Dues
The National Company Law Tribunal (NCLT) at Kochi has recently dismissed an insolvency plea against consumer electronics company BPL Limited. It held that the Insolvency and Bankruptcy Code (IBC) cannot be invoked as an additional or parallel mechanism to recover the balance amount under an arbitral award after a creditor has already pursued execution proceedings.…
No Cookies | Daily Telegraph
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Solar bust: Bankruptcies leave some solar customers with broken panels, faulty systems
The solar panels Christina Jimenez got four years ago for her home in Fort Worth came with a warranty. “If anything goes wrong, they told me to contact the installer, which would be TriSmart,” she said. When a panel went out last February and then another ten stopped working in April, she reached out to…