Auto Parts Supplier Marelli Blames Tariffs for Bankruptcy

The Marelli Corp. headquarters in Saitama, Japan. (Kiyoshi Ota/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Marelli Holdings Co., the long-struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, filed bankruptcy in the U.S., saying its latest debt-cutting effort was prompted by tariffs. The insolvency case is…

Mosaic Brands: Australian fashion giant allegedly couldn’t pay its debts for years, but continued trading

Administrators for Australia’s largest specialty fashion group, Mosaic Brands, have issued a preliminary finding that the company may have been operating while insolvent, four years before the company’s collapse. Mosaic Brands entered administration last year and owes a total of between $361 million to $392 million to creditors in Australia and overseas. Insolvency is when…

Financial Crisis Deepens, ET Auto

The tribunal also asked the IRP to file periodical progress reports on the CIRP. The National Company Law Tribunal (NCLT) has ordered the commencement of insolvency proceedings against Gensol Engineering Ltd and its group company Gensol EV Lease, following petitions filed by the Indian Renewable Energy Development Agency (IREDA), PTI reports. In its order issued…

Financial Crisis Deepens, ET Auto

The tribunal also asked the IRP to file periodical progress reports on the CIRP. The National Company Law Tribunal (NCLT) has ordered the commencement of insolvency proceedings against Gensol Engineering Ltd and its group company Gensol EV Lease, following petitions filed by the Indian Renewable Energy Development Agency (IREDA), PTI reports. In its order issued…