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…
The National Company Law Appellate Tribunal (NCLAT) has paved the way for Aakash Educational Services Ltd (AESL) to conduct its Extraordinary General Meeting (EGM) concerning a rights issue. This decision was made despite pushback from Glas Trust, a leading creditor in the insolvency proceedings involving Think & Learn Pvt Ltd, the parent company of…
Martine McCutcheon’s Heartbreaking Double Blow: Second Bankruptcy Hits Just Months After Marriage Split The spotlight never dims for Martine McCutcheon, but lately, the 49-year-old EastEnders icon has faced shadows that few could have predicted. Just seven months after her emotional separation from husband Jack McManus, court records unsealed this week reveal McCutcheon was declared bankrupt…
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Byju’s Moves NCLAT to Block Aakash’s Rights Issue Amid Insolvency Turmoil outlookbusiness.com Read the original article here
Iran’s Ayandeh Bank declares bankruptcy The Digital Banker Read the original article here
The District Court in Zielona Góra has declared online currency exchange Cinkciarz.pl bankrupt, triggering proceedings that could allow thousands of customers to recover lost funds. A trustee has been appointed to liquidate the company’s assets and oversee creditor claims, local media publication InteriaBiznes reported. Discover how neo-banks become wealthtech in London at the fmls25 Bankruptcy…
Insolvency rates remain elevated as small businesses face sustained pressure, CreditorWatch’s September Business Risk Monitor has revealed. Business failure rates remain elevated and business-to-business payment defaults have surged, CreditorWatch’s September Business Risk Monitor has found. “Businesses and consumers continue to be impacted by many large forces occurring simultaneously, with significant uncertainty related to US trade…
In what has become one of the most high-stakes corporate courtroom dramas in India’s startup ecosystem, Byju’s — once celebrated as the crown jewel of Indian edtech — has found itself fighting yet another battle, this time to protect its stake in its own subsidiary, Aakash Educational Services Limited (AESL). Think & Learn Pvt. Ltd.…