Battery start-up Northvolt files for bankruptcy protection in US – Financial Times
Battery start-up Northvolt files for bankruptcy protection in US Financial Times Read the original article here
What you can't do after declaring bankruptcy – Money magazine
What you can’t do after declaring bankruptcy Money magazine Read the original article here
The Motorcycle Industry Will Be Seriously Affected By KTM’s Insolvency, Here’s Why
[UPDATE, January 3, 2025: AKV offered RideApart some clarification about subsidiaries that may soon also declare insolvency, as well as Pierer’s real estate dealings. For the sake of clarity, I’ll add the relevant updates to the relevant sections of this original piece, and clearly note where the new information has been added. Normally, I’d stick…
Fusion Fuel Green Faces Insolvency Challenge with Portuguese Subsidiary – TipRanks
Fusion Fuel Green Faces Insolvency Challenge with Portuguese Subsidiary TipRanks Read the original article here
Volocopter files for insolvency amid financial woes
Volocopter, a German flying taxi startup, faces insolvency just days after investors stepped in to rescue its competitor, Lilium. The company has developed electric vertical takeoff and landing (eVTOL) aircraft to provide an eco-friendly alternative to traditional urban commuting. However, Volocopter is now struggling with severe financial difficulties. The announcement highlights the challenges that companies…
Most Read: Air Taxi Company Files for Bankruptcy, Seeks New Funding; Las Vegas Security Increased for CES 2025 – IoT World Today
Most Read: Air Taxi Company Files for Bankruptcy, Seeks New Funding; Las Vegas Security Increased for CES 2025 IoT World Today Read the original article here
NCLAT on companies under IBC
New Delhi, Jan 3 (PTI) The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation process starts against any debt-ridden company under the IBC. However, it also clarified that once a debt-ridden company is protected under moratorium after the initiation of insolvency…
Forward AM files for insolvency: What happens next?
In Heidelberg, Germany, it was business as usual. The polymer production line was pushing out materials for packaging and postage. The service bureau arm of the business continued to provide printed parts. Up the road in Frankfurt, public-facing employees were making connections, promoting products and highlighting application success stories. Is that piquing your interest? Probably…
Government Research Into Creditors Voluntary Liquidations Highlights Virtually Nil Return to Creditors
The Insolvency Service has just released its Creditors’ Voluntary Liquidation (CVL) Research Report. The purpose of this report was to ascertain whether the recent reforms in 2017 on the CVL process had, in fact, made the process more efficient and increased the returns to creditors. Analysis was performed on a randomly sampled dataset of 2,717…
Andhra Pradesh HC Rejects Petition Over False Financial Claims
The petitioner had claimed significant financial losses in his tobacco business, arguing that he had no income-earning properties to repay loans borrowed from multiple creditors In the recent ruling the High Court of Andhra Pradesh dismissed a revision petition filed by the assessee for misrepresentation of financial facts in his tobacco business. Vaddempudi Sivannarayana,petitioner -assessee,…