Altech Batteries Flags Insolvency Filing for German Joint Venture Altech Batteries GmbH – Kalkine
Altech Batteries Flags Insolvency Filing for German Joint Venture Altech Batteries GmbH Kalkine Read the original article here
ACFS insolvency issues create confusion and supply chain risk
PARTIES in the commercial world have been exposed to insolvency, which has increased and unsurprisingly spread to the international supply chain.
UAE revives emergency bankruptcy rules for business
Protects companies affected by war Temporarily outlaws creditor action Offers reassurance to investors The UAE has activated emergency bankruptcy protections for businesses financially impacted by the Iran war, temporarily preventing creditors from forcing affected companies into insolvency and giving debtors more time to restructure. The resolution is in relation to businesses whose financial problems can…
Stax activewear: Pushas founders Justin Truong and Sandy Li-Truong acquire collapsed brand in rescue deal
August 10, 2026 — 5:00am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA For the past a month and a half, the website of Australian activewear brand Stax has been replaced by a customer FAQ page that states: “SALE IS CLOSED”. The company,…
Muskoka Recovery put under interim receivership amid lawsuits, shareholder deadlock and BMO default
Muskoka Recovery Inc. and affiliated property owner 2855531 Ontario Inc. were placed into interim receivership on July 31, 2026 on application by Bank of Montreal, owed about $5.5 million, pending determination of a broader application brought by shareholder Corradina Canonaco or further court order. Muskoka Recovery formerly operated an addiction rehabilitation business from a property…
Director ordered to pay $2m after ‘bare denial’ does not stand against insolvency presumption
After a company failed to keep financial records, pay its debts, and overstated its financial position before it went into administration, one director was ordered to pay more than $2 million to the liquidators. Liquidators have won their case against a director after the Supreme Court of Victoria found that a bare denial was insufficient…
Dubai court declares man insolvent after he fails to pay Dhs4.2 million debt – Gulf Today
Dubai court declares man insolvent after he fails to pay Dhs4.2 million debt Gulf Today Read the original article here
NCLAT Denies Log 9 Directors’ Plea in EV Recovery from Gensol, ETAuto
The tribunal upheld National Company Law Tribunals order, citing broad powers under the Insolvency and Bankruptcy Code and stressing accountability during CIRP. Corporate dispute appellate tribunal NCLAT has rejected an appeal of Log 9 Mobility’s two suspended directors challenging an NCLT order that directed them to assist in the recovery of 100 electric vehicles taken…
REVEALED: Latest business liquidations in Manningham – Herald Sun
REVEALED: Latest business liquidations in Manningham Herald Sun Read the original article here
Chenoys, a longtime West Island deli institution, goes bankrupt
The company running West Island deli joint Chenoys has gone bankrupt with liabilities exceeding a million dollars after years of losses and unpaid bills, court records show. A notice seen posted on the doors of the restaurant in Dollard-des-Ormeaux warned property cannot be removed without the bankruptcy trustee’s written permission. Chenoys goes back to 1936.…