Since 2017, the German company Govecs has produced the ‘E-Schwalbe’, an electric scooter inspired by the iconic East German original. The various models, offering different options in terms of battery capacity, power output, and top speed, are manufactured by a subsidiary in Poland. However, the future of the E-Schwalbe is now in doubt, as Govecs…
Background In Secretary of State for Business and Trade v Sahonta and others, Morton’s Rolls Ltd, a well-known bakery, collapsed after running into severe financial difficulty. A conditional agreement was reached for a new company, Phoenix Volt, to take over elements of the business. But despite the agreement being signed, the bakery could not be…
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Raids in Euroins Bankruptcy Case Over Alleged Company Theft The Romania Journal Read the original article here
Petrofac eyes M&A solutions for business units, set to include key subsidiary into insolvency plan Upstream Online Read the original article here
The parent company of Oregon-based Rogue Ales & Spirits has filed for Chapter 7 bankruptcy, with its debt totalling US$16.7 million. Rogue Ales released its first whiskey in 2006 Oregon Brewing Company voluntarily filed for Chapter 7 bankruptcy on 24 November in the US Bankruptcy Court, District of Oregon. The case filing notes that it…
TipRanks Black Friday Sale AGS Transact Technologies Ltd. ( (IN:AGSTRA) ) has issued an announcement. AGS Transact Technologies Limited has announced that the fourth meeting of its Committee of Creditors is scheduled for November 28, 2025, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). This meeting, which will be conducted via video conferencing,…
The Bombay High Court has said that a person cannot use the Presidency-Towns Insolvency Act, 1909 to escape or delay paying court-ordered maintenance. The Court made it clear that insolvency proceedings cannot block or weaken a Family Court’s maintenance order in any way. Facts: Justice Jitendra Jain delivered the ruling while hearing a husband’s plea…
Bombay High Court: In an insolvency petition raising a question that can a debtor, facing arrears of maintenance ordered under Section 125 of the Criminal Procedure Code, 1973 (‘CrPC’), seek protection under the Presidency Towns Insolvency Act, 1909 (‘Insolvency Act’) by being declared insolvent, a Single Judge Bench of Jitendra Jain, J., while dismissing the…
Bombay High Court: In an insolvency petition raising a question that can a debtor, facing arrears of maintenance ordered under Section 125 of the Criminal Procedure Code, 1973 (‘CrPC’), seek protection under the Presidency Towns Insolvency Act, 1909 (‘Insolvency Act’) by being declared insolvent, a Single Judge Bench of Jitendra Jain, J., while dismissing the…