Carbon Revolution was probably trading insolvent for more than three months before it went bust, say the administrators of the collapsed lightweight-wheel maker, after it had accumulated losses of $347 million since mid-2022. A report by McGrathNicol into the financial woes of Carbon Revolution found that having high-cost manufacturing operations in Geelong, thousands of kilometres…
The shamed rocker has refused to pay his victim after being ordered to hand over more than half-a-million-pounds in damages for targeting the woman when she a child Glitter’s debt is rising and includes interest(Image: Mirrorpix) Gary Glitter now owes more than £600,000 to a woman he raped when she was 12. The total includes…
Roland sheet-fed offset printing press at Drupa 2012 [Photo by Ra Boe / Wikipedia / CC BY-SA 3.0] Manroland Sheetfed GmbH, once the world’s third-largest manufacturer of printing presses and Offenbach’s biggest employer, will cease operations there on June 1, 2026. The final 744 employees are losing their jobs, 660 on June 1 and the…
Key Takeaways:Aescape had been positioned as a pioneering player in the convergence of wellness and automation for its robotic massage technology.The company entered insolvency proceedings following the sale of substantially all of its assets and escalating financial pressures.Founder Eric Litman left the company earlier this year and launched a new startup, Healthspanners, in March.Aescape has…
NCLT Mumbai Bench Reserves Order on Resolution Plan for Vas Infrastructure Limited scanx.trade Read the original article here
The company “LadaGarant”, which was previously one of Minsk’s major developers, has been declared bankrupt. Minsk Economic Court opened liquidation proceedings on May 5, which are expected to conclude by January 2027, Office Life reports . Павялічыць Owner of “Lada-Garant” Aliaksei Vahanau The firm was founded more than 30 years ago by entrepreneur Aliaksei Vahanau.…
Morrow Batteries had until recently been one of the few battery cell manufacturers producing in Europe. Now, the Norwegian company has suffered same fate as the significantly larger Northvolt from Sweden: Morrow Batteries has for insolvency. The company’s downfall stems from its inability to compete in a consolidating market—it was simply too small. Its plant,…
The Kolkata Bench of the National Company Law Tribunal (NCLT) has refused to consolidate the corporate insolvency resolution processes (CIRPs) of Sarita Steel & Power Limited and Ankit Metal & Power Limited, holding that Ankit Metal’s resolution process had already reached an advanced stage with multiple plans evaluated. “The assets are interconnected, but the CIRP…
Bankrupt Luxembourg music school to reopen under new owners next week Luxembourg Times Read the original article here
Berlin-based music tech company Native Instruments has been acquired by inMusic after entering insolvency proceedings earlier this year. It follows a period of uncertainty for the music company, who revealed in January that they would have to sell off “various assets” in order to “secure a healthy, financially sustainable future.” After entering full insolvency proceedings…