sonnen files for insolvency in Germany as US sales double

Photo: sonnen Residential battery storage maker sonnen is reporting two very different stories today: Its German business has filed for insolvency, while sonnen USA says sales have doubled and it’s preparing to expand. The insolvency filing comes just two months after Shell sold sonnen to investment group TIVEN. Germany’s Handelsblatt reported that sonnen GmbH confirmed…

NCLT Kolkata Rejects Section 9 Plea Against Bridge & Roof Company Over Pre-Existing Dispute

The National Company Law Tribunal (NCLT), Kolkata Bench-II, comprising Judicial Member Labh Singh and Technical Member Rekha K. Shah, has dismissed a plea seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Bridge & Roof Company (India) Limited, holding that a pre-existing dispute existed between the parties. A Company Petition under Section 9 of the…

Kochhar & Co. Advises Agrawal Infrabuild On ₹1,200 Crore Ludhiana Toll Road Insolvency Resolution

Kochhar & Co. has advised Agrawal Infrabuild Private Limited, the successful resolution applicant, in connection with the submission of a resolution plan worth approximately ₹1,200 crore for Ludhiana Talwandi Toll Roads Private Limited, formerly known as Essel Ludhiana Talwandi Toll Roads Private Limited. The firm advised on the overall resolution strategy for the corporate debtor…