Shares of Ola Electric Mobility extended their losing streak for a third consecutive session on Tuesday, losing nearly 9% in three days, amid reports that two suppliers had filed insolvency petitions against the company’s wholly owned subsidiary over alleged unpaid dues. On Tuesday, Ola Electric shares fell as much as 2.35% to ₹41.39 on the…
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by a suspended director of Farm2Energy, upholding insolvency proceedings against the company over an unpaid advance related to a biomass bales supply contract. A three-member bench dismissed the appeal filed by Sukhbir Singh, a director of the suspended board of the Ludhiana-based Farm2Energy, and…
French e-bike brand O2Feel seeks investors after insolvency filing Bike Europe Read the original article here
You can also listen to this podcast on iono.fm here. SIMON BROWN: I’m chatting with Eric Levenstein. He’s director and head of the Insolvency and Business rescue Department at Werksmans Attorneys. Eric, appreciate the time. Two significant milestones in the local business rescue landscape – Murray & Roberts did a deal with a Differential Capital.…
The shares of Ola Electric Mobility slipped over 2% on Tuesday to extend a 9% fall over the past three consecutive sessions, as media reports around vendors filing fresh insolvency pleas against its subsidiary over alleged dues worth Rs 40 crore spooked investors.The shares of the company dropped to Rs 41.41 per share on the…
The firm has given an update to ticket holders Author: Oliver MorganPublished 13 minutes ago The upcoming Kernowfornia Festival this September here in Cornwall has been cancelled following the insolvency and subsequent liquidation of its organising company, Gracenote Promotion LTD. The decision to cancel the festival was made after Gracenote Promotion LTD conducted a thorough…
The decline comes after two operational creditors filed insolvency petitions against the company’s wholly owned subsidiary, Ola Electric Technologies Pvt. Ltd., before the Bengaluru bench of the National Company Law Tribunal (NCLT). 1 Min Read Shares of Ola Electric Mobility Ltd. extended their losing streak for a third consecutive session on Tuesday, slipping another 1%…
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Alistair McAlinden and Geoff Jacobs, of Interpath, have been appointed joint administrators to BGL Contracts Limited. The administrators pointed to “unforgiving contracts” which are leaving companies like BGL “highly vulnerable to insolvency”. The company was a subcontractor specialising in electrical fit-out to clients across a number of sectors, “notably in leisure and hospitality, automotive and…
A Scottish company operating for almost two decades has been placed into administration. All 40 jobs were lost with the collapse of the Glasgow company amid “insurmountable challenges”. Alistair McAlinden and Geoff Jacobs, of Interpath, have been appointed joint administrators to BGL Contracts Limited. The administrators pointed to “unforgiving contracts” which are leaving companies like…