Roberts Co’s Victorian arm went into administration owing more than 100 trade creditors up to $50 million in debts – mostly current progress claims – creditors heard in their first meeting with administrators on Wednesday. Total liabilities went up to about $186 million if obligations to all bond holders and contingent claims for liquidated damages…
23andMe, a formerly high-flying genetic testing company, announced Sunday that it was declaring bankruptcy and that it would seek a buyer. The company also said CEO and co-founder Anne Wojcicki is resigning immediately and will be replaced by Chief Financial and Accounting Officer Joe Selsavage as interim chief executive. 23andMe moved in November to slash…
Ola Electric settles dispute with Rosmerta, petition withdrawn Tech in Asia Read the original article here
K-Pop Scandal-Ridden Burning Sun Entertainment Goes Bankrupt After Assets Fall Below 500 Million KRW Burning Sun Entertainment has gone bankrupt. The corporation the infamous nightclub Burning Sun in Gangnam has officially begun bankruptcy proceedings, as reported by Korean media. On March 25, legal sources stated that the Seoul Bankruptcy Court’s Division 13 declared simplified insolvency…
Insolvency petitions against Ola Electric being dropped Deccan Herald Read the original article here
Electrica withdraws subsidiary insolvency claim Investing.com Read the original article here
Electrica withdraws subsidiary insolvency claim Investing.com India Read the original article here
Ola Electric Technologies Private Limited reached a financial settlement with the Rosmerta Group, leading to the withdrawal of insolvency petitions previously filed against the company. The resolution was confirmed in a regulatory filing on Tuesday. The dispute originated when Rosmerta Digital Services and Rosmerta Safety Systems filed insolvency petitions against Ola Electric Technologies, citing unpaid…
DNA Tester 23andMe Files Bankruptcy to Sell Firm, CEO Quits MSN Read the original article here
Ola Electric Technologies Private Limited, a subsidiary of Ola Electric Mobility Limited, has settled its financial dispute with the vehicle registration agency Rosmerta Group, leading to the withdrawal of insolvency petitions filed against it. The company confirmed the resolution in a regulatory filing on Tuesday, stating that all outstanding payments have been cleared. “We wish…