KUALA LUMPUR: Fashion designer Datuk Jovian Mandagie has been declared bankrupt by the High Court for failing to settle a RM5.28 million loan, including interest, owed to engineering firm Cekap Air Sdn Bhd. The decision was delivered by Senior Assistant Registrar Muhammad Faisal Zulkifli following a creditor’s petition filed on November 20, 2024. Cekap Air’s…
The insolvent German battery cell manufacturer CustomCells has secured a partial rescue with a new investor consortium, enabling a strategic repositioning focused on electric mobility. As reported by Handelsblatt, a takeover agreement was signed on Wednesday evening. There has been no official communication from CustomCells at the time of writing. According to financial and negotiation…
Retrack Slovakia s.r.o., a rail logistics company fully owned by VTG AG since 2021, has filed for insolvency, VTG confirmed in a statement issued on June 30 2025. The insolvency filing follows recent operational and financial challenges within the company. VTG, a leading European rail logistics provider, had acquired Retrack Slovakia in 2020 with the…
Home » General » Business » Insolvency can’t be used to frustrate ED probe against bankrupt firm: NCLT New Delhi, July 3 (SocialNews.XYZ) The National Company Law Tribunal (NCLT) has upheld the primacy of the Enforcement Directorate in dealing with proceeds of crime linked to money laundering over claims by creditors against a ‘bankrupt’ company…
Home » General » Business » Insolvency can’t be used to frustrate ED probe against bankrupt firm: NCLT New Delhi, July 3 (SocialNews.XYZ) The National Company Law Tribunal (NCLT) has upheld the primacy of the Enforcement Directorate in dealing with proceeds of crime linked to money laundering over claims by creditors against a ‘bankrupt’ company…
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The bankruptcy order was issued by senior assistant registrar Muhammad Faisal Zulkifli after allowing a creditor’s petition filed by Cekap Air Sdn Bhd on Nov 20, last year. The High Court (Insolvency Division) declared fashion designer Datuk Jovian Mandagie bankrupt for failing to repay a “friendly loan” totalling RM5.28 million to an engineering and construction…
Fashion designer Jovian Mandagie declared bankrupt The Malaysian Reserve Read the original article here
Jovian Mandagie declared bankrupt over RM5.28 million ‘friendly loan’ MSN Read the original article here
Fashion Designer Jovian Mandagie Declared Bankrupt Bernama Read the original article here