The Tribunal rejected the appeal but allowed the appellant to submit a compromise and arrangement plan in accordance with Regulation 2B of the Liquidation Process Regulation The National Company Law Appellate Tribunal (NCLAT), New Delhi bench upheld the liquidation by finding that, in the absence of a compliant resolution plan, the Committee of Creditors (CoC),…
SYNTH ANATOMY uses affiliation & partner programs (big red buttons) to finance a part of the activity. If you use these, you support the website. Thanks! According to the Zeeland-West-Brabant court, Bax Music, a Dutch online music tech retailer, files for bankruptcy. Last week, it was announced that the famous Brighton-based music retailer and online…
(Bloomberg) — 23andMe Holding Co., which provides medical and ancestry-related genetic testing, filed for bankruptcy after it was unable to find a buyer to rescue it from insolvency proceedings and the board of directors rejected a buyout offer from co-founder Anne Wojcicki. Most Read from Bloomberg Despite collecting DNA from saliva samples from more than…
With genetic testing company 23andMe filing for Chapter 11 bankruptcy protection and courting bidders, the DNA data of millions of users is up for sale. A Silicon Valley stalwart since 2006, 23andMe has steadily amassed a database of people’s fundamental genetic information under the promise of helping them understand their disposition to diseases and potentially…
April 8, 2025 A branch of Casa in Amsterdam. Photo: Dutch News The Dutch branch of Belgian interior design retailer Casa is facing bankruptcy after retail union AVV and the works council filed a court application to have the company declared insolvent. “Staff have no confidence that the company has a future, and March’s wages…
By Tracey Read · April 8, 2025, 12:58 PM EDT Clifford Chance LLP announced Tuesday that it has hired the former co-chair of Gibson Dunn & Crutcher LLP’s corporate restructuring practice to co-lead its global restructuring and insolvency practice…. To view the full article, register now. Read the original article here
Timaru recruitment firm insolvent: Creditors owed $525k The Press Read the original article here
The Container Store said the bankruptcy process will have no impact on customers and that it will keep all 102 of its U.S. locations open. Smith Collection/Gado/Getty Images hide caption toggle caption Smith Collection/Gado/Getty Images The Container Store — once the premier hub for all things storage and organization — filed for bankruptcy amid mounting…
Infinexa, a Romanian entrepreneurial company specializing in the restructuring and financing of distressed businesses, with approximately €170 million in assets under management, has been appointed by the Galați Court as the judicial administrator of Grande Gloria Production S.A., Passage Food S.R.L., and Gloria Market S.R.L.—three companies within the Grande Gloria Production Group, headquartered in Galați.…
The National Company Law Tribunal (NCLT) has declared Ansal API bankrupt, putting thousands of homebuyers and investors in a crisis. The tribunal has also appointed an Interim Resolution Professional (IRP) to handle the company’s projects, raising concerns about whether investors will ever get their money back. What Went Wrong? Ansal API had undertaken major real…