Tesla Automation wants to take over parts of Manz

The parties have signed a corresponding purchase agreement, insolvency administrator Martin Mucha told the German press agency DPA. A price was not communicated. According to the report, Mucha is pleased to have successfully concluded the negotiations with Tesla, saving many jobs. The German engineering company Manz filed for insolvency in December 2024, after lenders said…

NCLT to rule on Bira insolvency plea over ₹1.09 crore dues to Devyani

Devyani International, a listed company, runs quick service restaurants (QSRs) such as KFC and Pizza Hut across India.  The dispute traces back to October 1, 2021, when B9 Beverages Limited approached Devyani International to enhance its business presence and market growth. Following negotiations, the parties entered into several agreements, including: Brand alliance agreement – Aimed at…

India considers bankruptcy law revamp as cases drag on

The Indian government is considering changes to its bankruptcy laws, including streamlining court processes, amid growing concerns over lengthy proceedings and low recovery rates.The Insolvency and Bankruptcy Board of India is finalizing a set of proposals aimed at speeding up resolution. Public consultation is set to end Tuesday, though the deadline may be extended. Global…

India considers bankruptcy law revamp as cases drag on

(Feb 25): The Indian government is considering changes to its bankruptcy laws, including streamlining court processes, amid growing concerns over lengthy proceedings and low recovery rates. The Insolvency and Bankruptcy Board of India is finalising a set of proposals aimed at speeding up resolution. Public consultation is set to end Tuesday, though the deadline may…