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…
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The Elgin-based firm entered “compulsory liquidation” last week on May 5. The independent firm appointed liquidators earlier this month(Image: Getty Images ) A Scottish carpet and flooring company has gone bust recently. It’s just the latest firm to collapse amidst the ongoing challenging retail environment. The Floor Studio, which was located in Elgin, Moray, entered…
Music technology and professional audio company inMusic has signed a definitive agreement to acquire Native Instruments, the Berlin-based music tech firm behind Kontakt, Traktor, iZotope, Plugin Alliance, and Brainworx. The deal, announced on Friday (May 8), comes roughly three months after Native Instruments entered preliminary insolvency proceedings in Germany. The transaction is expected to close in the coming weeks, inMusic and Native…
DealsManufacturing Newcastle robotics firm Wootzano has resumed trading after the Court of Session in Edinburgh halted liquidation proceedings. It followed the confirmation of approximately £237 million in contracted distribution agreements in a report submitted to the court. The court granted a sist – a Scottish legal mechanism that pauses the liquidation process and allows a…
The Reliance Communications Limited on Sunday said officials of the Central Bureau of Investigation carried out a search and seizure operation at the residence of Grace Thomas, a non-executive and non-independent director of the company, on May 9. In a regulatory filing, RCom said the search was conducted in connection with her earlier role as…
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: Convenience retail real estate owner Eagles Investments Group has filed for Chapter 11 bankruptcy protection, according to filings with the U.S. Bankruptcy Court for the Northern District of Alabama. Eagles owns…
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Convenience retail real estate owner Eagles Investments Group has filed for Chapter 11 bankruptcy protection, according to filings with the U.S. Bankruptcy Court for the Northern District of Alabama. Eagles owns land connected to 20 locations…