JSW Steel has said that it implemented the resolution plan for Bhushan Power and Steel Ltd in compliance with law and taken all steps to successfully revive the company to its present status today. The company issued this statement while announcing its Q4 results. “The Judgment by the Hon’ble Supreme Court on 2nd May 2025…
Builder.ai blame game begins after AI start-up goes insolvent thenationalnews.com Read the original article here
Traveldream.com.au sold discounted holidays – curated hiking tours, boutique cruises and cultural getaways through a slick website and polished social media ads. But news emerged last week that the Melbourne-based travel company has collapsed into administration, leaving customers out of pocket by thousands of dollars, and in some cases, stranded overseas. What many didn’t know…
Mother and daughter Hazel Lamont and Nicola Murray decided to wind-up their Scotparts UK Ltd. company in 2023 as it was insolvent However, Lamont paid her daughter almost £200,000 in company money in the days following their decision to cease trading More than £300,000 had been paid into Scotparts’ bank account in the days before…
A Scottish mother paid nearly £200,000 to her daughter using funds due to a supplier just days after they decided their company was insolvent and would cease trading. Hazel Lamont, 74, and her daughter Nicola Murray, 54, were directors of Scotparts UK Ltd, which was described on Companies House as being involved in the sale…
Africa Delivery Technologies (ADTL), the Dutch parent company of Nigerian last-mile delivery platform Kwik, has been declared bankrupt and placed under administration by an Amsterdam court following a court dispute with a former executive to whom the company owes about $50,000. However, Kwik CEO Romain Peroit-Lellig insists that the company is financially sound. He says…
Microsoft and Amazon-backed AI ‘unicorn’ files bankruptcy MSN Read the original article here
Boluwatife Aiki-Raji, CEO and co-founder of Carrot/Image Source: Aiki-Raji I bet you didn’t know your investment assets could do more than sit pretty on your dashboard—they can spot you a loan. Nigerian fintech Carrot Credit is a digital lending platform that lets retail investors (that’s you, me, and every nonprofessional investor who buys and sells…
The director of a plumbing and heating company has been banned for 11 years after fraudulently exaggerating his firm’s turnover to secure a Covid bounce back loan. Carl Barnes, director of Central Plumbing & Heating Lincoln, exploited the scheme to claim a loan for £47,500, the Insolvency Service said yesterday (20 May). An investigation by…
Weeks after Builder.Ai Datalabs_in-article-icon admitted “problems” under its past leadership, the Microsoft-backed enterprise tech startup is now reportedly commencing insolvency proceedings. A company spokesperson told TechCrunch that Builder.ai’s parent , Engineer.ai Corporation, will be “entering into insolvency proceedings” and has appointed an administrator to “manage the company’s affairs”. “Despite the tireless efforts of our current…