The collapse of Delio, a once-prominent South Korean crypto lending platform, has become a focal point for understanding the challenges of insolvency in the digital asset sector. As the Seoul Bankruptcy Court rejected Delio’s third corporate rehabilitation bid in 2025, the case underscores the fragility of regulatory frameworks in an industry still grappling with its…
Cosmicnode, a Dutch specialist in wireless control solutions for LED lighting and other applications, has gone bankrupt. The company, based at the High Tech Campus in Eindhoven, the Netherlands, had been operating under the radar for years. Just this spring, when it began to present itself more visibly to the market, it filed for…
The amendment seeks to give buyers of distressed assets a clean slate by extinguishing all claims by creditors against a bankrupt company once an insolvency resolution plan is approved, said two persons aware of discussions in the government. This covers claims not specifically provided for in the resolution plan. A specific provision to this effect…
Resurgent India files insolvency plea against Future Consumer MSN Read the original article here
Company behind Lindsey Oil Refinery collapsed owing estimated £1.6bn including huge sum to tax office business-live.co.uk Read the original article here
RetailDeals A specialist in litigation and dispute resolution has warned that Poundland could ultimately wind up in insolvency proceedings despite its rescue deal. Poundland narrowly avoided administration after the High Court approved a major restructuring plan, but the discount chain has confirmed several stores across the country – as well as its online store and…
RetailDeals A specialist in litigation and dispute resolution has warned that Poundland could ultimately wind up in insolvency proceedings despite its rescue deal. Poundland narrowly avoided administration after the High Court approved a major restructuring plan, but the discount chain has confirmed several stores across the country – as well as its online store and…
Cell C announced that it has achieved profitability for the financial year ending May 31, 2025, marking a significant turnaround in its financial performance. The news was revealed in the annual results released by its owner, Blue Label Telecoms. While the mobile operator reported a net profit after tax of R2.2 billion, it remains technically…
Contracting company KDR Venlo has been declared bankrupt. Local Limburg media report that creditors filed for the bankruptcy of the business, which employed two people. The company was active in greenhouse roof cleaning, both in the Netherlands and abroad. KDR Venlo B.V.…
Denheath Desserts in liquidation: South Canterbury custard square company closed … Read the original article here