Attabotics set to file for bankruptcy protection: source

Open this photo in gallery: Attabotics, founded in 2015 by Scott Gravelle, has raised nearly $200-million from investors and lenders, including Ontario Teachers’ Pension Plan Board, Export Development Canada, Coatue Management, Comcast Ventures, Forerunner Ventures and Werklund Growth Fund. It also received $34-million from the federal government’s Strategic Innovation Fund in 2020.Jeff McIntosh/The Globe and…

Major travel agency declares insolvency, leaving hundreds abroad

Article continues after video advertisement Article continues after video advertisement On Monday, June 30, Slovak travel agency HappyTravel.sk was still selling holiday packages to Egypt and Turkey. Just one day later, on Tuesday, July 1, the company declared insolvency, meaning it can no longer meet its financial obligations. Roman Berkes, CEO of HappyTravel.sk, also stepped…

Another startup — Zyngo — faces insolvency proceedings

The National Company Law Tribunal (NCLT), Chandigarh Bench, has admitted an insolvency petition against Zyngo EV Mobility Private Limited, thereby initiating the Corporate Insolvency Resolution Process (CIRP) for the electric vehicle mobility firm. The order, delivered today, comes in response to an application filed by Shree Shayama Constructions Private Limited, a financial creditor, under Section…