85-year-old distiller escapes partner bankruptcy just in time – thestreet.com
85-year-old distiller escapes partner bankruptcy just in time thestreet.com Read the original article here
Russia’s only officially recognized maker of domestically produced TVs declared bankrupt — Meduza
A Moscow arbitration court has declared Kvant LLC — the legal entity behind the television-manufacturing Kvant group of companies — bankrupt, the Russian business daily Kommersant reported, citing court records. A division of the DNS group filed the bankruptcy petition in June 2025, citing a debt of 654.6 million rubles. Twenty-four more creditors have since joined the case, including a division of Yandex, Alice…
Russia’s only officially recognized maker of domestically produced TVs declared bankrupt — Meduza
A Moscow arbitration court has declared Kvant LLC — the legal entity behind the television-manufacturing Kvant group of companies — bankrupt, the Russian business daily Kommersant reported, citing court records. A division of the DNS group filed the bankruptcy petition in June 2025, citing a debt of 654.6 million rubles. Twenty-four more creditors have since joined the case, including a division of Yandex, Alice…
TV manufacturer Kvant goes bankrupt in Russia
The bankruptcy case was initiated by electronics retailer DNS, which claimed the company owed more than 600 million rubles (about $7.6 million). Another 24 creditors later joined the proceedings. The total claims against Kvant reached nearly 4.15 billion rubles (about $53 million). Major creditors include entities affiliated with Yandex and Sberbank, as well as Sitronics…
Sono Motors declares insolvency – electrive.com
Sono Motors declares insolvency electrive.com Read the original article here
IBC Is Not A Corporate Death Warrant; Resolution Is Its Primary Objective: Justice Sanjeev Sachdeva
Supreme Court judge Justice Sanjeev Sachdeva on Tuesday said that the Insolvency and Bankruptcy Code should not be viewed as “a corporate death warrant,” emphasising that its primary objective is the revival of financially distressed companies through resolution rather than liquidation. Speaking at the launch of IBC Mantra: The Law & Practice of the Insolvency…
Section 31 IBC: Approved Resolution Plan Extinguishes Pending And Undecided Claims, Says Supreme Court
The Supreme Court has reiterated that once a resolution plan is approved under Section 31 of the Insolvency and Bankruptcy Code (IBC), it becomes binding on the corporate debtor, creditors and all other stakeholders. Court held that all claims not specifically provided for in the approved plan stand extinguished, and no fresh or pending legal…
Polotsk Dairy Plant Declared Bankrupt
The Economic Court of Vitebsk Region declared the Polotsk Dairy Plant bankrupt and decided to initiate its liquidation procedure. Павялічыць Illustrative photo Shortly before this, the production assets of the enterprise were transferred to the management of “Savushkin Produkt” company. It received production buildings, equipment, and the workforce, which are planned to be used for…
Russia’s Only Domestic TV Maker Declared Bankrupt
A Moscow court has declared Russia’s only domestic television manufacturer bankrupt, the newspaper Kommersant reported Monday, citing court records. Consumer electronics retailer DNS filed a bankruptcy petition against the manufacturer, Kvant, last June over an unpaid debt of more than 654 million rubles ($8 million). DNS owns the in-house TV and electronics brand Irbis, which Kvant stopped…
Russia’s only TV manufacturer declared bankrupt: Irbis plant in Voronezh stopped a year ago
The brand under which TVs were assembled in Voronezh has been officially declared bankrupt. The Moscow Arbitration Court satisfied the claim of OOO “DNS Retail” (a subsidiary of the DNS group) to declare OOO “Kvant” bankrupt – the legal entity specializing in assembling the only domestic TVs under the Irbis brand. Mikhail Etonov’s Kvant group…