By Canadian Press on September 5, 2025. MONTREAL — A Quebec Superior Court judge has declared insolvent the North American branch of battery maker Northvolt as the provincial government looks to recover $260 million owed to it by the company. Justice Janet Michelin on Friday placed Northvolt Batteries North America under creditor protection following a…
Quebec judge declares Northvolt insolvent as province recovers $200 million The Spec Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million Toronto Star Read the original article here
A Quebec Superior Court judge has declared the North American branch of battery manufacturer Northvolt insolvent as the provincial government seeks to recover $260 million owed to it. Justice Janet Michelin on Friday placed Northvolt Batteries North America under creditor protection following a request earlier in the week from the province. Northvolt laid off its…
Quebec judge declares Northvolt insolvent as province recovers $200 million Squamish Chief Read the original article here
Vedanta Outbids Adani for Bankrupt JP Associates, but Hurdles Remain outlookbusiness.com Read the original article here
The insolvency proceedings against Jaiprakash Associates, a flagship company of the Jaypee Group, began on June 3, 2024, when the National Company Law Tribunal (NCLT) in Allahabad admitted a petition filed by ICICI Bank. The move came after years of the company defaulting on its loan repayments. The company’s financial distress was a reflection of…
Slain insolvency lawyer warned about assassinations: Read his chilling op-ed News24 Read the original article here
Anil Ambani and Reliance Communications’ loan accounts declared ‘fraud’ by Bank of Baroda MSN Read the original article here
NCLT India’s National Company Law Tribunal (NCLT) in New Delhi, the principal forum for insolvency resolution and corporate disputes, is facing what lawyers describe as an “unprecedented breakdown” of judicial functioning, as unsafe infrastructure has forced multiple courtrooms to shut and proceedings to be drastically curtailed. The crisis came to a head this week when…