Gensol Engineering insolvency: NCLT admits Ireda's plea on ₹510 crore default – Mint
Gensol Engineering insolvency: NCLT admits Ireda’s plea on ₹510 crore default Mint Read the original article here
NCLT admits Gensol Engineering to corporate insolvency resolution process
On May 7, the Securities Appellate Tribunal (SAT) refused to stay SEBI’s interim order. The Appellate Tribunal directed Gensol to file its reply to the interim order passed by SEBI and further directed the markets regulator to pass a final order within four weeks of hearing Gensol. On May 28, NCLT ordered for freezing of bank…
NCLT Ahmedabad Admits Gensol Into Insolvency On IREDA Plea
The Ahmedabad bench of the National Company Law Tribunal on Friday admitted Gensol Engineering Ltd. into insolvency on a plea filed by the Indian Renewable Energy Development Agency Ltd. While the company has formally entered the corporate insolvency resolution process, an interim resolution professional is likely to be selected from the Insolvency and Bankruptcy Board…
Marelli Approved to Borrow $519 Million at Start of Bankruptcy
(Bloomberg) — Bankrupt auto-parts supplier Marelli Holdings Co. won court approval to borrow $518.9 million to help fund its reorganization after delaying a request for some parts of a financing package questioned by a federal bankruptcy watchdog. The loan, which is being provided by Deutsche Bank and other senior Marelli lenders, will need to be…
Katie Price faces wait over further bankruptcy-related proceedings
Katie Price faces a wait to see whether more of her income will go directly towards paying off money owed under her two bankruptcies. The former glamour model was declared bankrupt in November 2019 and again in March last year, and the bankruptcies have since been discharged. However, Price, who did not attend the hearing…
Weight Watchers Goes Bankrupt After Rise of Ozempic-Like Drugs
Ozempic and other drugs like it have been threatening the established diet industry since they premiered — and it appears that Weight Watchers is now getting the hatchet. In a note to investors, the long-running weight loss company is taking the “strategic action” of filing for bankruptcy in hopes of consolidating its immense $1.15 billion…
Tash kisses passport goodbye as she declares bankruptcy – The West Australian
Tash kisses passport goodbye as she declares bankruptcy The West Australian Read the original article here
BIOMILQ files for bankruptcy amid ‘devastating’ IP dispute
BIOMILQ—a startup culturing mammary cells to produce bioactives found in breastmilk—has filed for bankruptcy amid a protracted IP dispute with the ex-husband of one of the cofounders that she says rendered the firm “uninvestable and unacquirable.” Founded in 2020 by cell biologist Dr. Leila Strickland and food scientist Michelle Egger, North Carolina-based BIOMILQ originally planned…
In May, 2 percent more bankruptcies than a year ago
Since March 2025, the focus of the news release on bankruptcies has been on the change compared to the previous year and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the Netherlands.…
Why so many Catholic churches declare bankruptcy
Across the U.S., 40 dioceses and religious orders have declared bankruptcy. The first was the Archdiocese of Portland, Oregon, in 2004. The most recent was the Diocese of Burlington, Vermont, in late September 2024. The cases vary, but they have one thing in common: The day the diocese filed its petition for bankruptcy is a…