Companies News Today Live Updates on March 6, 2025: SpiceJet hit with fresh insolvency claims from Irish lessors and former pilot

Bankruptcy

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business…

Texas gun company goes bankrupt two years after launch as firearm users bemoan ‘gunfluencers’

Bankruptcy

By BEN SHIMKUS, CONSUMER REPORTER FOR DAILYMAIL.COM Published: 18:24 AEDT, 6 March 2025 | Updated: 18:24 AEDT, 6 March 2025 A gun manufacturer, known for its high-end rifles and military-style firearms, has filed for bankruptcy.  Just over two years since its launch, Watchtower Firearms, the Texas-based manufacturer, filed for Chapter 11 bankruptcy at the end of last…

Meet man, a Billionaire, who spent Rs 5500000000 on daughter’s marriage, later declared bankrupt, his brother is richest Indian in…

Bankruptcy

Home Business Meet man, a Billionaire, who spent Rs 5500000000 on daughter’s marriage, later declared bankrupt, his brother is richest Indian in… Pramod Mittal’s journey from being a billionaire to declaring bankruptcy highlights the unpredictable nature of wealth and fortune. Pramod Mittal, once counted among the world’s richest individuals, went through a dramatic downfall that…

Insolvency & Restructuring Group 2024 Year in Review | Insights

Bankruptcy

The MLT Aikins insolvency and restructuring practice group carried out assignments in 2024 as counsel to debtor companies, lenders and court officers administering insolvency proceedings. Notable highlights are as follows. View pdf version Alberta assignments Tallahassee Exploration Inc. (Receivership)Ryan Zahara and Molly McIntosh acted as counsel to the Orphan Well Association (“OWA”) and the British…

Selina Israel seeks liquidation after parent company’s asset sale

Bankruptcy

Selina Operation Israel, a holding company that owned multiple subsidiaries previously operating hostels and hotels across Israel, has petitioned the court for dissolution, effectively seeking the liquidation of the group. The company ceased operations in August 2024 after its UK-based parent company, Selina Hospitality PLC, entered insolvency proceedings in England, leading to the appointment of…