Hero Electric Faces Liquidation as Revival Plan Fails

Hero Electric faces liquidation after NCLT rejects revival plan. FAME-II subsidy halt, no buyers, and insolvency push EV maker towards shutdown in India. Hero Electric is now heading into liquidation after the National Company Law Tribunal did not find any solid revival plan during the insolvency process. The company had been trying to turn things…

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NCLAT restores insolvency appeal against Dilip Buildcon

The National Company Law Appellate Tribunal (NCLAT) has restored an insolvency appeal filed by Shyamji Construction Co against Dilip Buildcon. The National Company Law Appellate Tribunal (NCLAT) on Monday restored an insolvency appeal against Dilip Buildcon, a construction and infrastructure development company. A two-member bench of the NCLAT on December 12, 2025, dismissed the appeal…

Aurora acquires print services business of insolvent Ethos

Aurora Managed Services has acquired the Ethos MPS (managed print services) business assets, staff, and contracted customer base. The Ethos company went into administration on 3 March, 2026. The Ethos website currently states: “Aurora Managed Services has acquired the Ethos MPS business assets, staff and contracted customer base. This acquisition of the MPS business operations…

Dutch startup Hardt Hyperloop declared bankrupt

Hardt Hyperloop project. Source: Hardt Hyperloop Savenkova Ekaterina, Editorial Contributor to International Projects of ROLLINGSTOCK Agency Netherlands: An external administrator has been appointed to the company. In a press release, Hardt Hyperloop acknowledged the bankruptcy and stated it is “exploring all options to continue operations”. No official reasons for the bankruptcy have been disclosed. Hardt…