Mohammed Yaseen, Staff Reporter The Civil Court in Dubai has rendered a judgment in a case concerning a Gulf national who is indebted to the amount of Dhs707,000. The court has declared this individual to be insolvent for a period of three years, a decision which precludes him from entering into any binding commitments for…
The number of personal insolvencies linked to individuals running a business dropped further in December, according to the latest AFSA statistics. The latest personal insolvency statistics indicated a total of 828 personal insolvencies for December last year, according to provisional monthly statistics by the Australian Financial Security Authority. This was a substantial drop from the…
The electric car company Fisker has filed for US bankruptcy protection, making it the latest EV startup to collapse trying to challenge the established car industry. The company was started in 2016 by the husband-and-wife team Henrik Fisker and Geeta Gupta-Fisker. It is the second attempt by Fisker, a former Aston Martin design chief, to…
The news: Embattled voice recording tech company Dubber looks to be at risk of insolvency as auditors flagged ‘material uncertainty’ in its full-year results and issued a correction to previous years’ accounts. The numbers: Dubber acknowledged that $26.6 million of company money is still missing with the business alleging former CEO Steve McGovern and third…
Scott lost his son. Then his business became insolvent The Canberra Times Read the original article here
Manchester City manager Pep Guardiola believes 40-man squads could be the only way to cope with the demands of the football calendar but says it would drive clubs to bankruptcy. City are one of many sides, including Tottenham and Arsenal, to have been dogged by injuries this season, with defender Manuel Akanji the latest player…
Provisional liquidators have been appointed to a Co Cork-based medical supplies company that alleges it is owed €1.2 million by the HSE. PMD Device Solutions Ltd petitioned the High Court for the appointment on Friday, acknowledging that it is “clearly insolvent”, with over €14.6 million in liabilities set against €4.6 million in assets. The company,…
The National Company Law Tribunal (NCLT), has admitted insolvency claim against M/s Hellios Tubealloys Pvt, a mumbai based firm, who had availed financial assistance from Bank of Baroda (BOB), securing a term loan of Rs 3.66 crore and additional credit facilities amounting to Rs 30.05 crore. Hellios Tubealloys Pvt. Ltd. was engaged in the manufacturing and export…
It’s already the middle of February, and if you’ve been following the KTM insolvency saga, then the name of this month may just ring a bell for you. Why? Because February 25th is the deadline for any KTM restructuring plan to officially be approved by its creditors. Preliminary hearings have so far allowed KTM to…
National Company Law Tribunal, Hyderabad has approved JSW Energy Limited‘s ₹ 16,084 crore Resolution Plan for KSK Mahanadi Power Company Limited, a Chhattisgarh-based thermal power company. JSW Energy Limited submitted the resolution plan under the Corporate Insolvency Resolution Process of KSK Mahanadi Power Company Limited. “Pursuant to the Challenge Process undertaken by the Resolution Professional…