Number of liquidations going down under IBC: IBBI chief – MSN
Number of liquidations going down under IBC: IBBI chief MSN Read the original article here
Germany’s Lilium files for final insolvency
German eVTOL developer Lilium (Oberpfaffenhofen) announced it filed for insolvency on February 21 after last-ditch funding options to secure its future did not materialise in time. “While talks about alternative solutions are still ongoing, the chance for restructuring right now is highly unlikely, and therefore, operations will be stopped. Given the situation, this is deeply…
Acheson Construction folds into administration
Mon, 24 Feb 2025 | ADMINISTRATION Dorchester-based Acheson Construction has collapsed into administration. The company appointed Richard Lewis and Alistair Wardell of Grant Thornton as joint administrators on February 18. Acheson, which has been involved in a host of local and regional building projects, had operated for more than 50 years and had another premise…
Su Zhu-backed Ox.Fun dismisses insolvency claims amid JefeDAO feud – The Block
Su Zhu-backed Ox.Fun dismisses insolvency claims amid JefeDAO feud The Block Read the original article here
Companies News Today Live Updates on February 24, 2025: Byju’s insolvency: NCLT approves new resolution professional
Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business…
Insect protein startup Ÿnsect files for insolvency – Sifted
Insect protein startup Ÿnsect files for insolvency Sifted Read the original article here
Florida insurance companies steered money to investors while claiming losses, study says
TALLAHASSEE — While Florida insurers claimed to be losing money in the wake of hurricanes Irma and Michael, their parent companies and affiliates were making billions of dollars, according to a study obtained by the Times/Herald. The start of the state’s insurance market meltdown came on the heels of those two storms between 2017 and…
Byju’s insolvency: NCLT approves new resolution professional
Embattled ed-tech firm Byju’s has a new navigator for its bankruptcy proceedings. On Monday, the Bengaluru insolvency court approved the appointment of Shailendra Ajmera as the resolution professional (RP), replacing Pankaj Shrivastava. This follows a January order by the National Company Law Tribunal (NCLT), which questioned Shrivastava’s ability to oversee the process. The tribunal also…
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Metal Foundry Business Survives KTM Insolvency Issues
Metal foundry company, Vocklabrucker Metallgießerei GmbH (VMG), which has been around for nearly seven decades was bought by KTM last year but looked set to close due to the Austrian firm’s insolvency. That was before another metalworking company came to the rescue. KTM took over 100 per cent of the company in late 2024 but…