Irish firms turn to restructuring to drive growth – Business Post
Irish firms turn to restructuring to drive growth Business Post Read the original article here
10 American EV Startups Went Bankrupt, Proving Toyota’s Skepticism Justified
The electric car industry was, for a little while there, the new gold rush. It was relatively easy to get public or private funding for promising battery-powered vehicles like the Fisker Ocean, infrastructure support was growing, and investors were terrified of being left out of the next big thing. In retrospect, it’s obvious that this…
Reliance Communications to meet on May 29 for FY26 results – scanx.trade
Reliance Communications to meet on May 29 for FY26 results scanx.trade Read the original article here
Can Cannabis Companies File Bankruptcy? The New Chapter 15 Roadmap
Mark Salzberg and Katherine Catanese of Squire Patton Boggs highlight The Cannabist Company’s Chapter 15 recognition order as a narrow but significant roadmap for cannabis restructurings involving Canadian or other foreign parent companies, suggesting that US bankruptcy courts may grant ancillary relief where the main proceeding is in a jurisdiction where cannabis is legal, even…
DreiMeister Spezialitäten GmbH & Co. KG, a well-known German chocolate manufacturer, has gone bankrupt, affecting over 150 employees. – Informat.ro
DreiMeister Spezialitäten GmbH & Co. KG, a well-known German chocolate manufacturer, has gone bankrupt, affecting over 150 employees. Informat.ro Read the original article here
Another airline files for bankruptcy protection and cancels all flights
While the collapse of Spirit Airlines is the most high-profile case, multiple small- and mid-size airlines have had to file for bankruptcy and in some cases shut down operations entirely since the start of the year. Earlier this week, Mexican low-cost carrier Magnicharters filed for bankruptcy protection in the First District Court for Bankruptcy Proceedings…
Recruiter made bankrupt after failing to pay council tax is sentenced for Covid fraud – Credit Connect
Recruiter made bankrupt after failing to pay council tax is sentenced for Covid fraud Credit Connect Read the original article here
Founder of private school declared bankrupt amid firm's £1.4m debts – Wilts and Gloucestershire Standard
Founder of private school declared bankrupt amid firm’s £1.4m debts Wilts and Gloucestershire Standard Read the original article here
NCLAT Holds Insolvency Withdrawal Impermissible After Liquidation: Upholds Bank of Baroda’s Initiation that S.12A Cannot Apply Post‑Liquidation [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has reaffirmed that withdrawal of insolvency proceedings under Section 12A of the Insolvency and Bankruptcy Code, 2016, is impermissible once liquidation has commenced, thereby upholding the Bank of Baroda‑initiated process The appeal arose from the NCLT’s common order dated 21 February 2024, which allowed the…
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