West Virginia college files for bankruptcy a month after announcing … – The Seattle Times

CHARLESTON, W.Va. (AP) A small, private university in West Virginia declared bankruptcy on Thursday, a month after announcing that it planned to stop operating. Alderson Broaddus University filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court for the states northern district. According to the filing, the university estimated it had between $1 million and $10…

Ideal Bike says VanMoof's Asia business owes it $1.5 million – Bicycle Retailer

TAICHUNG, Taiwan (BRAIN) Bike manufacturer Ideal Bike Corp. says its representative will make claims worth $1.52 million at a creditors meeting being held Monday by VanMoof Asia Ltd., a Taiwan-based business related to the Netherlands-based e-bike brand. VanMoof’s Netherlands businesses, Vanmoof B.v. and VANMOOF Global Support B.V. , were declared bankrupt in July. On Thursday, the British-owned mobility…

NCLT grants request to safeguard resolution professional in Nitin Desai insolvency case | Mint – Mint

Mumbai: The National Company Law Tribunal (NCLT) on Friday allowed the resolution professional’s plea seeking protection from any action for his inability to immediately take steps under the insolvency code in deceased art director Nitin Desais ND’s Art Worlds insolvency case. In his petition before the NCLT, Nausher Kohli, counsel representing the resolution professional of…

Dutch E-Bike Brand VanMoof Bought Out of Bankruptcy by Scooter … – The New York Times

Lavoie, which makes high-end scooters based on McLarens Formula 1 technology, acquired the trendy e-bike brand that had gained a zealous following. VanMoof, the Dutch e-bike maker that gained a zealous following but declared bankruptcy last month, has been acquired by Lavoie, an upscale electric scooter company, the firms announced on Thursday. Riders of the…

NCLAT to hear IDBI's plea for insolvency proceedings against ZEE Entertainment today | Mint – Mint

The National Company Law Appellate Tribunal (NCLAT) is set to hear the IDBI bank‘s plea against Zee Entertainment related to insolvency proceedings on Thursday.  “Learned Counsel for Appellant prays for and is allowed a weeks time to file the Additional Affidavit,” said the NCLAT bench, comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra, reported…