ClusterVision in Bankruptcy, Fate Uncertain – HPCwire

ClusterVision, European HPC specialists that have built and installed over 20 Top500-ranked systems in their nearly 17-year history, appear to be in the midst of bankruptcy proceedings. According to Dutch news site Drimble, three companies doing business as ClusterVision have been declared insolvent in the Netherlands, where ClusterVision is headquartered. The notice reports that Clustervision…

A top trucking company just declared bankruptcy and Amazon may have helped usher its downfall – Business Insider

New England Motor Freight, the 19th-largest less-than-truckload (LTL) trucking company in the US, filed for bankruptcy protection on Monday. Several top freight analysts said one of NEMFs challenges was its contract with Amazon, which tends to provide a lot of packages that are of relatively low value. Amazon contracts are pretty demanding, one analyst told…

Court bans Irvine contractor for dereliction of director duties – Mirage News

Brian Anderson Snr (61), from Irvine, was appointed a joint director of Anderson Builders Limited in August 2014 before becoming the sole appointed director in June 2015. Anderson Builders was involved in the construction of commercial buildings but the companys performance struggled before it had to cease trading in February 2017. Independent insolvency practitioners were…

IBC – Creditor Vs Liquidator: What Went Wrong In Abhijeet MADC Energys Liquidation – BloombergQuint

What Happened In this case, Edelweiss ARC alleged that Kothari settled a dispute with Reliance Infrastructure for Rs 9.65 crore compared with the original claim of Rs 30 crore without informing the lenders. According to the petition, Abhijeet MADC Energy in 2007 agreed to build a 271-megawatt power plant in Nagpur for the Maharashtra Airport…

Court bans Irvine contractor for dereliction of director duties – GOV.UK

Brian Anderson Snr (61), from Irvine, was appointed a joint director of Anderson Builders Limited in August 2014 before becoming the sole appointed director in June 2015. Anderson Builders was involved in the construction of commercial buildings but the companys performance struggled before it had to cease trading in February 2017. Independent insolvency practitioners were…