Dutch regional aircraft developer Maeve Aerospace and its parent company, Green Transition Alliance, were declared bankrupt by a court in The Hague on May 28, marking a significant setback for the sustainable aviation sector. The insolvency follows a failed funding round in which the startup sought to raise €20 million (US$23 million) to finance the next…
In a recent decision, the New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that assessment proceedings cannot be initiated during operation of moratorium by order of the National Company Law Appellate Tribunal (NCLT). The reassessment proceedings were initiated against the assessee and notice under Section 148 of the Income Tax Act, 1961…
One of Belgium’s longest-established logistics groups has collapsed, with its operations carved up between two Belgian rivals after a bankruptcy filing that puts hundreds of jobs at risk. Ziegler Belgium was declared bankrupt at the Brussels Commercial Court on Monday 1 June, ending more than a century of independent operation. Most of its activities have…
Financier to be banned until June 2035 Lex Greensill was a director of three companies within the Greensill Group, which collapsed in 2021 with combined liabilities of more than £1.6 billion In late 2020, he caused the companies to enter into a series of transactions with US construction company Katerra that removed legal protections from…
TV Vision faces IBC petition for ₹5.16 crore from UCN Cable scanx.trade Read the original article here
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Social Security insolvency: This map shows how bad the benefits crisis will be in your state by 2032 Fast Company Read the original article here
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Insolvency appointments May 23 to June 5 2026 businessnews.com.au Read the original article here
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