When a company in Germany becomes insolvent—meaning its income no longer covers its debts—it is legally required to file for insolvency to avoid criminal charges. The court first assesses whether the business can afford the proceedings, and if viable, appoints an insolvency administrator to draft a restructuring plan. Creditors vote on this plan while the…
NCLT gave nod for resolution plans to the tune of over ₹67,000 crore in FY2024-25 under bankruptcy law The Hindu Read the original article here
More and more Finnish companies are going under, reports Kauppalehti. Open image viewer Thousands of businesses closed their doors last year. Pictured here is a sign reading “the shop is closed.” Image: Kalle Purhonen / Yle Finland is continuing to see a larger-than-usual number of bankruptcies, reports business daily KauppalehtiOpens an external website. The number…
Affimed N.V. (AFMD) has received notice from Nasdaq that its common shares will be delisted from the exchange. Trading of AFMD shares will be suspended on May 20, 2025, following the company’s insolvency filing in the Mannheim court, Germany, on May 13, 2025. The delisting decision is…
Restucturing and Insolvency: Ireland’s leading practitioners give their insights on the current trends and analyse the business outlook. For some entrepreneurs in Ireland, there may be a perceived stigma about formal restructuring or insolvency procedures, unlike the culture in the US. With SMEs in particular, there is also a worry about triggering an adverse financial…
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved Nazara Technologies Limited’s ₹126 crore resolution plan to acquire debt-laden Smaaash Entertainment Private Limited, marking a significant step in the gaming and entertainment firm’s insolvency resolution process. The plan, approved by the Committee of Creditors (CoC) with 99.59% votes, ensures Smaaash’s revival under Nazara, a…
× Filing Complaints on SCORES Easy & quick 1. Register on SCORES portal 2. Mandatory details for filling complaints on SCORES Name | PAN | Address | Mobile | Number | E-mail ID 3. Benefits Effective Communication Speedy redressal of the grievances Read the original article here
During Thursday’s trading session, shares of a company involved in the renewable energy sector hit a 5 percent upper circuit on the stock exchanges. Despite this temporary surge, the stock has been in a prolonged downtrend, falling steeply from Rs. 1,125 to nearly Rs. 60 per share. With IREDA now filing for bankruptcy proceedings against…
What really happens during insolvency? DW Read the original article here
In a filing with the exchanges, IREDA stated: “This is to inform you that the Company (IREDA) has filed an application today, i.e. 14 May 2025, under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s Gensol Engineering Limited… for an amount of default of INR 510,00,52,672/-,” the filing read. Read the original…