Small but influential digital supply chain startup collapses amid tightening capital and slower enterprise adoption A Dutch software company that sought to transform industrial supply chains through additive manufacturing has been declared bankrupt, underscoring mounting pressure on smaller players in the sector as capital tightens and adoption timelines stretch. Dimanex B.V., a Utrecht-based developer of…
Engage Works enters administration as operations move to new company Installation-international Read the original article here
Insolvency Installation-international Read the original article here
Engage Works enters administration as operations move to new company Installation-international Read the original article here
Dimanex Declares Bankruptcy Amid Industry Consolidation Let’s Data Science Read the original article here
The Planet Is Now in a State of ‘Water Bankruptcy,’ According to a New United Nations Report Food & Wine Read the original article here
The SC has ruled that telecom spectrum cannot be treated as a corporate asset under India’s IBC | Image: Unsplash The Supreme Court on Friday delivered a judgment asserting that telecom spectrum is a public resource and cannot be treated like other corporate assets in insolvency proceedings under the Insolvency and Bankruptcy Code. The ruling…
Once considered one of the country’s largest infrastructure companies, the company has now taken a completely new turn. Shares of the company, valued at approximately ₹6,000 crore, once traded above ₹600, but the situation deteriorated to a low of around ₹2. The company has now informed the exchange about who has finally acquired it during…
The case arose from insolvency proceedings involving Aircel Ltd., Dishnet Wireless Ltd. and Aircel Cellular Ltd. The companies had entered voluntary corporate insolvency resolution process (CIRP) under Section 10 of the IBC. They had acquired telecom licences in 2006 under Unified Access Service Licence (UASL) agreements. They had also obtained spectrum through government auctions. During…
The Supreme Court has observed that the Insolvency and Bankruptcy Code cannot be the guiding principle for restructuring the ownership and control of telecom spectrum. The Court had reserved judgment on a series of appeals contesting a National Company Law Appellate Tribunal (NCLAT) ruling regarding the insolvency of Aircel and Reliance Communications. The central issue…