Category Archives: Bankruptcy

APUS Zero Emission Enters Provisional Insolvency Amid Challenges in Green Hydrogen Aviation – World Energy

APUS Zero Emission Enters Provisional Insolvency Amid Challenges in Green Hydrogen Aviation – World Energy APUS Zero Emission, a pioneer in hydrogen aircraft development, has entered provisional insolvency proceedings as it grapples with financial viability issues in the slowly transitioning green aviation sector. APUS Zero Emission GmbH, based in Strausberg, has been placed under provisional…

SpiceJet hit with fresh insolvency claims from Irish lessors and former pilot

SpiceJet Ltd has been hit with fresh insolvency claims from three Ireland-based aircraft lessors and a former pilot over defaults on rental and employment dues, just as the financially strained airline prepares to revive operations. Three Irish lessors—NGF Genesis Ltd, NGF Charlie Ltd, and NGF Alpha Ltd—have alleged that SpiceJet defaulted on rental payments, with…

SpiceJet Faces Fresh Insolvency Pleas from Lessors & Pilot: Rediff Moneynews

SpiceJet faces fresh insolvency proceedings from three Irish aircraft lessors and a former pilot in NCLT, claiming defaults. The lessors seek initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million. New Delhi, Mar 8 (PTI) SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have…

More civil servants likely to be declared bankrupt following MACC's Op Sky – New Straits Times

More civil servants likely to be declared bankrupt following MACC’s Op Sky  New Straits Times Read the original article here

Maxing credit cards on travel, OOTD: Why young workers go bankrupt – New Straits Times

Maxing credit cards on travel, OOTD: Why young workers go bankrupt  New Straits Times Read the original article here

Restructuring & Insolvency Comparative Guide –

To print this article, all you need is to be registered or login on Mondaq.com. 1 Legal framework 1.1 What domestic legislation governs restructuring and insolvency matters in your jurisdiction? Insolvency law in Australia is largely statute based, governed by the Corporations Act 2001 (Cth). The relevant corporate insolvency provisions are prescribed in Chapter…

Aberdeenshire couple banned over £100k debt to customers

A husband-and-wife whose furniture company went into liquidation owing customers almost £100,000 have both been banned as company directors. George and Williamina Hay were directors of DWH Trading Ltd, which sold adjustable beds and chairs, mostly to elderly and vulnerable customers, from their home address in Aberdeenshire. The company was struggling financially by April 2023…