The British company Welink Energy Portugal 2 UK Limited, which controls the largest operational solar power plant in Portugal, has entered insolvency. The Alcoutim plant in the Algarve has a capacity of 220 megawatts (MW) and has been operational since 2021; however, lower-than-expected output and a drop in wholesale electricity prices in the Iberian market…
The company controlling Portugal’s largest solar power station has entered insolvency after the €175 million Algarve project failed to generate enough revenue to meet its debts. According to Expresso, the 220-megawatt plant in Alcoutim remains operational, but is now expected to be sold to new investors as advisers attempt to secure its future. The facility…
As under the CIIRP, a moratorium must be applied for, while section 64 of the IRDA provides for an interim 30-day automatic moratorium on filing of the application, within which the court hears whether to extend it for the period sufficient for the company to formally propose a scheme. In Re IM Skaugen SE, the…
The court has initiated liquidation proceedings against ABK Dnipro LLC Vira Kasiyan LIGA.net news editor Photo: ABK Dnipro … Read the original article here
Australian company continues advertising cruise packages despite ongoing insolvency proceedings Baird Maritime Read the original article here
40-year-old international travel and cruise company ends in bankruptcy, all trips off thestreet.com Read the original article here
SUPREME COURT ‘Judicial Discipline’ Requires HC To Refrain From Entertaining Writ Against Appealable NCLT Order: Supreme Court Case Title : DAVIS KOOTTALA VARKEY & ORS. VERSUS SAMSON T. GEORGE & ORS. Case Number : SPECIAL LEAVE PETITION No.18523/2026 CITATION : 2026 LLBiz SC 278 The Supreme Court has set aside a Kerala High Court order…
Cruise company plunges into administration with £4,000 ‘once in a lifetime’ holidays in limbo Daily Mirror Read the original article here
Synopsis: A Gujarat-based cotton major has thrown its hat in the ring for a yarn manufacturer’s insolvency process. The move could open up a new growth avenue in the textile value chain. There’s been some movement in the cotton and yarn space this week. A listed cotton bales manufacturer has decided to explore inorganic growth…
Former waste company boss banned after transferring assets when about to lose NHS contracts Insider Media Ltd Read the original article here