The newspaper said investors suffered losses of hundreds of thousands of euros after demand for insect protein failed to grow as expected. In late 2025, Divaks chief executive and shareholder Kęstutis Lipnickas said the company had streamlined its operations while waiting for demand to become sufficiently broad, stable and predictable. By the end of 2024,…
Kobo Biotech Ltd’s resolution plan from Beaufond Industries has been approved by the NCLT. The company, however, remains non-operational and under insolvency proceedings, with a reduced net loss for FY24. FY 2023-24 Net Loss: (₹4.93) CroreFY 2022-23 Net Loss: (₹5.55) Crore Reader Takeaway: Insolvency proceedings continue despite NCLT approval of a revival plan; operations remain…
The exterior of a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Red Lobster has filed for Chapter 11 bankruptcy protection after a failed lease-back agreement and “endless shrimp” promotion backfired against company revenue. Brandon Bell | Getty Images Restaurant chain Red Lobster’s “Everyday $20 Ultimate Endless Shrimp” offering was described as a…
India’s Insolvency and Bankruptcy Code (IBC) is increasingly resolving debt disputes through early settlements rather than prolonged court battles. For investors, this behavioral shift suggests faster recovery rates for lenders and improved asset quality, potentially reducing the drag of long-term bad loans on banking stocks. What Happened The Insolvency and Bankruptcy Code (IBC) is changing…
The numbers tell an important part of the story. By March 2026, nearly 9,000 corporate insolvency cases had been admitted under the IBC, with about 1,419 companies were rescued through approved resolution plans. But running parallel to these headline figures is a silent success story. Thousands of cases have ended not in a formal resolution,…
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Eastern Swiss solar company goes bankrupt – 60 jobs lost blue News Read the original article here
Renthia Kaimbi The Roads Contractor Company (RCC) is facing mounting financial and governance pressures, just days after a stormy meeting where minister of works and transport Veikko Nekundi reportedly described the company as “a mess” and demanded answers from its leadership over a disclaimer audit opinion and widespread payment failures. In a letter dated 20…