Poland’s Embattled Cinkciarz.pl Declared Bankrupt, Creditors Urged to File Claims – Finance Magnates
Poland’s Embattled Cinkciarz.pl Declared Bankrupt, Creditors Urged to File Claims Finance Magnates Read the original article here
UK lawtech business seeks buyer following £38 million fundraising setback
Jobs at risk Once hailed as one of the UK’s brightest legal tech unicorns, Robin AI has reportedly been put up for sale after failing to close a $50 million (£38 million) funding round. According to reports from City A.M. and Artificial Lawyer, the London-based start-up, which counts Revolut co-founder Nik Storonsky and Monzo’s Tom…
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Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/nclat-rejects-plea-stop-aakash-egm-byjus-insolvency-125102801348_1.html” on this server. Reference #18.d1672817.1761663696.992a593 https://errors.edgesuite.net/18.d1672817.1761663696.992a593 Read the original article here
NCLAT rejects Glas Trust’s plea opposing Aakash’s EGM
The National Company Law Appellate Tribunal (NCLAT) on Tuesday rejected a plea by US-based Glas Trust challenging Aakash Educational Services Ltd’s 29 October extraordinary general meeting (EGM) to approve a rights issue. Aakash’s board has proposed the rights issue to raise its authorized share capital. On Monday, the trustee for lenders to which Byju’s owes…
Turbulence at battery system manufacturer BMZ: German subsidiaries insolvent
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…
Sugar crash: US candy retailer CandyWarehouse.com goes bankrupt weeks before Halloween | Business
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…
NCLAT Greenlights Aakash’s Rights Issue Amidst Byju’s Insolvency Dispute
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 Declared Bankrupt After Divorce
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
Byju’s Moves NCLAT to Block Aakash’s Rights Issue Amid Insolvency Turmoil outlookbusiness.com Read the original article here