YT Industries Lays Off Most Staff as Markus Flossmann Attempts to Buy Back the Brand – Pinkbike
YT Industries Lays Off Most Staff as Markus Flossmann Attempts to Buy Back the Brand Pinkbike Read the original article here
YT Industries enters insolvency as CEO prepares to relaunch brand after buying it back
YT Industries has suspended most of its operations and released the majority of its employees as the German mountain bike brand undergoes insolvency proceedings, CEO and founder, Markus Flossman confirmed in a statement. The company entered into self-administration in July after its main shareholder, a private equity investor, announced it would no longer finance the…
Publishers Clearing House Goes Bankrupt, Sweepstakes Winners No Longer Receiving Yearly Checks – National Enquirer
Publishers Clearing House Goes Bankrupt, Sweepstakes Winners No Longer Receiving Yearly Checks National Enquirer Read the original article here
Major St. Petersburg banana importer declared bankrupt
Major St. Petersburg banana importer declared bankruptcy. The Arbitration Court of St. Petersburg and the Leningrad region has declared LLC Troya Import insolvent. The company, once one of the city’s largest importers of bananas and other fruits with multi-billion-ruble revenues, has been placed under bankruptcy proceedings. The court-appointed administrator, Andrey Enkov, must submit a…
JSW’s takeover of Bhushan Power: Supreme Court’s reversal of its May decision, how it impacts ongoing IBC resolution plans | Explained News
In a boost to corporate resolutions under the Insolvency and Bankruptcy Code (IBC), the Supreme Court on Friday (September 26) approved Sajjan Jindal-led JSW Steel’s $2.3 billion acquisition of Bhushan Power and Steel (BPSL), reversing its earlier rejection of the deal. The court also dismissed creditors’ demand for an additional ₹6,100 crore, clearing the way…
Covid fraudster jailed after using £50,000 Bounce Back Loan funds to buy semi-detached house in Huddersfield
Mohammed Rashidzadeh obtained a £50,000 Bounce Back Loan for his business but almost immediately transferred the money from his company account to buy a house in Huddersfield Rashidzadeh applied to close down Cozy Bed Ltd through Companies House within eight days of receiving the funds, while deliberately failing to notify the bank that lent him…
Liquidation of debt-ridden firm last option under Insolvency and Bankruptcy Code: SC – Press Trust of India
Liquidation of debt-ridden firm last option under Insolvency and Bankruptcy Code: SC Press Trust of India Read the original article here
Vedanta’s ESL Unit 'Bleeding Cash, Heading Back to Insolvency': Viceroy Research Warns – Moneylife
Vedanta’s ESL Unit ‘Bleeding Cash, Heading Back to Insolvency’: Viceroy Research Warns Moneylife Read the original article here
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Battery startup Moxion went bankrupt. Now its founder is back to ‘finish what we started.’
Just over a year ago, Moxion Power closed its doors, adding its name to a list of high-profile bankruptcies that roiled the climate tech world in 2024. The portable battery startup had raised more than $110 million in a bid to replace diesel generators at festivals and construction sites, but even that wasn’t enough to…