E-commerce marketplace aggregator 10Club, which once raised one of India’s largest seed rounds, has failed to find a viable business model. The Fireside Venture-backed company now appears to be heading toward closure, as it has initiated insolvency proceedings before the National Company Law Tribunal (NCLT), Bengaluru Bench. According to a company’s regulatory filing sourced…
Volta Trucks has declared bankruptcy for the second time, electrive.com reports. Although no detailed explanation for the insolvency has been provided, it appears to stem from a lack of sales due to delays in the production of the first Volta Zero model. Production of the vehicle began in Steyr, Austria, in April 2023, but the…
SC ruling can redefine insolvency Deccan Herald Read the original article here
Lebanese firm Zakhem faces insolvency suit over Sh460m debt Business Daily Read the original article here
Bhubaneswar: Over 3,000 people staged a protest on Wednesday afternoon at the Bhushan Power and Steel Ltd (BPSL) plant gate in Jharsuguda, voicing their anger and anxiety over the Supreme Court’s May 2 ruling ordering the liquidation of the company. The apex court, on April 2, rejected JSW Steel’s resolution plan for BPSL under the…
Following insolvencies in Germany, Belgium and the Netherlands, insolvency proceedings have now also been opened for Gerry Weber in Austria. As announced on Friday by the Alpenländische Kreditorenverband (AKV), corresponding proceedings were initiated at the Commercial Court of Vienna regarding the assets of Gerry Weber Vertriebs GmbH. At the time of the insolvency opening, the…
INSOLVENCY NOTICES: Winding Up Petitions – April 2025 Credit Connect Read the original article here
On Tuesday (May 6), WeightWatchers announced filing for Chapter 11 bankruptcy. According to the company’s website, “After careful planning and discussions, we decided to initiate a prepackaged chapter 11 process. Unlike insolvency court processes in other countries, a prepackaged chapter 11 filing in the U.S. does not mean the company is going out of business…
New Delhi, May 7 (PTI) Lenders to Bhushan Steel and Power Ltd (BSPL) will in next few days decide on options including seeking a review of the Supreme Court verdict to scrap sale of the company through insolvency process to JSW Steel, Punjab National Bank MD and CEO Ashok Chandra said on Wednesday. A group…
Exotifruit EU declared bankrupt FreshPlaza Read the original article here