California Start-Up Will Buy Assets of Bankrupt Swedish Battery Maker – The New York Times
California Start-Up Will Buy Assets of Bankrupt Swedish Battery Maker The New York Times Read the original article here
Ex-Bhushan Power promoters to Supreme Court
In its May 2 judgment, a Bench of Justices Bela M Trivedi and Satish Chandra Sharma had held that the CoC erred in approving JSW Steel’s resolution plan for BPSL. The Court declared the plan illegal and ordered BPSL’s liquidation using its inherent powers under Article 142 of the Constitution of India. JSW Steel, which…
Tax package speeds up Social Security trust fund depletion timeline
U.S. Social Security Administration Commissioner Frank Bisignano explains why Social Security funds may run out sooner than anticipated on Mornings with Maria. The top actuary for Social Security’s trust funds on Tuesday confirmed that the insolvency date of those funds has moved up due to the recently-enacted tax and spending package, leaving policymakers with a little…
Consumer insolvencies tick up, while business filings ease slightly
Over the 12 months ending June 30, consumer filings were up 4.9% compared to the prior year with Ontario (13,292) and Quebec (8,372) accounting for nearly two-thirds of all filings in the quarter. But the sharpest increases came from smaller provinces as Newfoundland and Labrador led the country with a 20.2% year-over-year jump in filings,…
UK Insolvency Service: new broader role to fight economic crime – Taylor Wessing
UK Insolvency Service: new broader role to fight economic crime Taylor Wessing Read the original article here
England: Six-year directorship ban for construction boss
A Staffordshire businessman who sold seven historic cars, including two Jaguars and three Rolls-Royces, for just £1 to another company he also controlled has been banned as a director. Kulbarg Singh, 62, was the director of Aldridge Construction Engineering Ltd when he entered into an asset purchase agreement with Ace Earth Solutions Ltd in 2021.…
Yes Bank withdraws insolvency allegations against Zee Learn
Yes Bank has withdrawn its appeal before the Supreme Court regarding the insolvency allegations against Essel Group’s Zee Learn on August 6. The bank had claimed a default of ₹468.99 crore against the company in 2023. On Tuesday, Yes Bank said it wanted to drop the court proceedings on the matter. “The Counsel for the…
Investigation launched into Star Croisières collapse
A criminal investigation is now underway following the collapse of Monegasque travel agency Star Croisières, which has been officially declared bankrupt by a Monaco court after leaving hundreds of holidaymakers out of pocket. Judges delivered their ruling on Tuesday 5th August, placing the company into official cessation of payments and setting the insolvency date provisionally…
UK Supreme Court clarifies liability for fraudulent trading under the Insolvency Act not restricted to company insiders
Section 213 liability does not rest exclusively with directors or those managing the insolvent business The recent UK Supreme Court judgment in Bilta (UK) Ltd (in liquidation) and others v Tradition Financial Services Ltd [2025] upheld the Court of Appeal’s broad interpretation of section 213 of the Insolvency Act 1986, deciding that its scope is…
Wastrel Orange must step up — or go bankrupt – Orange County Register
A few years ago, California’s state government and its cities were flush with cash as the feds dumped $600 billion in stimulus funds into the state. Like all good parties, this one couldn’t go on forever. As the spigot closed, inflation spiked (gee, maybe there’s a connection?) and the economy slowed, the state budget went…