DyeCoo, based in Hoofddorp and known for its sustainable textile dyes, has gone out of business. The company received millions from IKEA and Nike, among others, but had been suffering losses for years. DyeCoo Textile Systems was founded in 2008 by researchers from Delft. They devised a way to dye polyester using CO₂ instead of…
The restructuring of Arctic International was discontinued due to serious deficiencies in the company’s accounting records. Open image viewer The company’s former CEO, Janne Naapanki has been convicted of aggravated tax fraud and accounting offences. File photo. Image: Janne Järvinen / Yle Finnish berry company Arctic International has been declared bankrupt following the discontinuation of…
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NEW DELHI: Only the Committee of Creditors (COC) has the authority to appoint a liquidator for a debt-ridden company undergoing insolvency procedure, and not the NCLT, in cases where a Resolution Professional has not submitted a written consent, the appellate tribunal NCLAT has said. Passing a common order in two identical matters, where the National…
NCLAT says committee of creditors has right to appoint liquidator for debt-ridden firm, not NCLT ET Realty Read the original article here
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Deviate Cycles Bought Out of Insolvency by Co-Founder Ben Jones Pinkbike Read the original article here