The Dutch bicycle manufacturer Accell was recently declared bankrupt by Amsterdam courts. As the parent company of popular bike brands such as Batavus, Sparta, Babboe and Koga, the future of the Dutch bicycle market is at risk of shrinking. Dutch bicycle manufacturer Accell goes bankrupt On August 5, Accell announced that the company was granted…
Hyde bar and restaurant in Dublin to appoint liquidator as hospitality insolvencies mount Irish Independent Read the original article here
The National Company Law Tribunal (NCLT) at Mumbai has recently held that a creditor cannot rely on a later failure to repay after giving a company extra time when the original default occurred during the COVID-19 period. A bench of Judicial Member Nilesh Sharma and Technical Member Sameer Kakar ruled that extending the repayment period…
Two former directors have been found personally liable to pay a company a total of $3,698,891.25 for insolvent trading and debts to the company of which they were formerly at the helm. Ricky John Munday and Gary David Mathieson were found to be personally liable for debts to Perrydotcom Pty Ltd (currently in liquidation), of…
The number of corporate bankruptcies in the Netherlands declined in July, with 266 companies going under. That was 33 fewer than a year earlier, representing an 11 percent decrease, according to Statistics Netherlands. The bankruptcy rate also fell in July, dropping to 7.1 bankruptcies per 100,000 companies, compared with 8.1 a year earlier. The bankruptcy…
Accell Group’s Dutch holding company and subsidiaries, owners of a host of bike brands and a relative giant of the sector, were declared bankrupt by the Amsterdam District Court on Tuesday, August 11. It came a week after insolvency proceedings began following the collapse of a proposed takeover by Tri Star E-Moving, a subsidiary of…
Mercantile Ports & Logistics has provided an update on the ongoing Corporate Insolvency Resolution Process of its subsidiary Karanja Terminal & Logistics Private Limited following a hearing before the National Company Law Tribunal in Mumbai. The company’s counsel began substantive submissions by outlining a detailed chronology of KTLPL’s One Time Settlement process and the subsequent…
Dutch bicycle manufacturer Accell Group was declared bankrupt by an Amsterdam court, according to the bankruptcy trustees. The new court order revokes the previous ‘suspension of payments’ that was granted to the Dutch parts of Accell’s business on August 5. Court-appointed trustees said the companies could no longer meet their costs, and that the factory…
– Suzanne Paul’s former Glendowie mansion, valued above $9m, has returned to the market. – It features five bedrooms, Mediterranean styling, harbour views, three levels, and 686sqm of living space. – Paul sold it for $4m in 2004 after financial trouble, but later declared bankruptcy. Suzanne Paul’s former dream home is on the market for…
REVEALED: Latest business liquidations in Redland The Courier Mail Read the original article here