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LENOX — For the first time in its four-decade history, Shakespeare & Company is out of debt and on firm financial footing. Through a combination of lucrative property sell-offs for a redevelopment deal, contributions and a strong box office season, the $4 million mortgage on the Kemble Street property is completely paid off and the company is…
Poland’s Embattled Cinkciarz.pl Declared Bankrupt, Creditors Urged to File Claims Finance Magnates Read the original article here
Jobs at risk Once hailed as one of the UK’s brightest legal tech unicorns, Robin AI has reportedly been put up for sale after failing to close a $50 million (£38 million) funding round. According to reports from City A.M. and Artificial Lawyer, the London-based start-up, which counts Revolut co-founder Nik Storonsky and Monzo’s Tom…
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/nclat-rejects-plea-stop-aakash-egm-byjus-insolvency-125102801348_1.html” on this server. Reference #18.d1672817.1761663696.992a593 https://errors.edgesuite.net/18.d1672817.1761663696.992a593 Read the original article here
The National Company Law Appellate Tribunal (NCLAT) on Tuesday rejected a plea by US-based Glas Trust challenging Aakash Educational Services Ltd’s 29 October extraordinary general meeting (EGM) to approve a rights issue. Aakash’s board has proposed the rights issue to raise its authorized share capital. On Monday, the trustee for lenders to which Byju’s owes…
The BMZ Group is primarily known for producing lithium-ion battery packs. Customers include Daimler Buses, which sources new battery packs (“NMC 4”) for the Mercedes-Benz eCitaro from BMZ Poland. The latter, as well as other foreign subsidiaries, are reportedly unaffected by the insolvency. In the press release, the group outlines the situation as follows: the…
Major US candy company CandyWarehouse.com, based in Sugar Land, Texas, has filed for Chapter 11 bankruptcy protection just one week before Halloween, the biggest candy selling day of the year. The filing, submitted on 24 October 2025 in the US Bankruptcy Court for the Northern District of Texas, revealed the retailer’s grim financial standing: assets…