Barely two months after claiming insolvency, failed business Dashdot owner Glenn “Goose” McGrath has launched his new venture as a company coach and adviser, while hundreds of Australians are still owed $10.5 million. Despite Dashdot collapsing a little over two months ago, leaving hundreds of customers collectively owed $10.5 million, McGrath and co-founder Gabi Billing…
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Varta AG, the German battery manufacturer based in Ellwangen, has applied to the Stuttgart Local Court to open insolvency proceedings under self-administration. The company cited a structural funding gap expected from 2027 as the primary driver of the filing, rather than any immediate inability to meet payment obligations. Varta said production is continuing and that…
The National Company Law Tribunal’s Mumbai bench has approved a Rs 352.5 crore resolution plan submitted by Bharadvaja Buildcon LLP for Radius & Deserve Land Developers Private Limited, closing out a 38-month insolvency process during which the sole financial creditor, IDBI Trusteeship Services Limited, will recover just 10.75% of its admitted claim. A two-member bench…
Jeff Bezos might no longer be the CEO of Amazon, but that doesn’t mean he doesn’t have opinions about the business he founded and still holds stock in. Or, about business in general. It just so happens that those opinions might not be what anyone wants to hear from someone like Jeff Bezos. Despite that,…
When Growth Becomes a Trap: The Economics Behind European Battery Manufacturer Distress There is a counterintuitive reality at the heart of the global clean energy transition: a market can expand rapidly while simultaneously destroying the financial viability of the companies operating within it. This dynamic has played out with painful clarity across European battery manufacturing,…
Metal 3D printing firm 3DEO has filed for insolvency with all of its intellectual property assets up for sale. 3DEO was a parts production business that developed and applied a proprietary metal additive manufacturing process. The patented Intelligent Layering process paired binder jetting with layer-by-layer CNC milling to produce parts, with 3DEO focusing primarily on…
Varta files for self-administered insolvency, including storage business ESS News Read the original article here
The Supreme Court on Monday (July 27) observed that an operation of a moratorium under the Insolvency & Bankruptcy Code, 2016, against a residential project development company would not be a ground to reject the consumer complaints against its promoters/directors. “In the present case, Respondent No.1 alone is the corporate debtor against whom the CIRP…
Varta Files for Insolvency Amid Deepening Crisis – German Battery Maker Maintains Operations – Earnings Volatility Report po-news-eg.net Read the original article here