Berlin-based esports and gaming marketing firm Freaks 4U Gaming GmbH has entered preliminary insolvency proceedings, capping off a turbulent period for one of Germany’s most prominent esports service providers and for its majority shareholder, NODWIN Gaming. According to public court records, the Charlottenburg District Court (Amtsgericht Charlottenburg) opened preliminary insolvency proceedings over Freaks 4U’s assets…
BIL Vyapar Limited Enters Corporate Insolvency Resolution Process scanx.trade Read the original article here
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NEW DELHI: The Supreme Court on Friday dismissed a plea of Byju Raveendran, the promoter of Think and Learn Private Limited that operates ed-Tech firm Byju, challenging an NCLAT order which has mandated that the settlement of the BCCI’s claim be placed before the Committee of Creditors. A bench of Justices JB Pardiwala and KV…
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Country Heights to seek damages in Mines Waterfront liquidation, trims Q1 loss NST Online Read the original article here
On November 28, Autohaus Preckel announced its restructuring efforts amid a self-administered insolvency process. This strategic move aims to stabilize operations while focusing on employee retention. Given its significance in Germany’s automotive sector, the restructuring impacts local markets and investor sentiment. Addressing financial challenges with a clear plan can fortify the company’s position and stir…
A company claiming to provide financial services, which received around £175,000 from a client but failed to deliver promised services, has been shut down. Basic Prime Limited claimed to provide trade finance guarantees and credit enhancement services but was suspected by Insolvency Service investigators of operating an advance fee fraud scheme. The company at no…
Rad Power Bikes disputes battery recall amid insolvency concerns Bike Europe Read the original article here
Groningen, Netherlands-based Soly, an international solar energy company, has been declared bankrupt. The announcement was made by the co-founder, Milan van der Meulen, through a LinkedIn post. The announcement comes over a year after raising €30M in funding led by ArcTern Ventures. The bankruptcy petitions for Soly Holding B.V. and Soly NL SSC B.V. were…