Merle Oper, 46, was the director of Tempus Admin Ltd when it applied for a Covid Bounce Back Loan (BBL) in October 2020. Tempus, based at Clevelands Drive in Heaton, applied for a loan of £50,000, which is £23,000 more than it was “legitimately entitled to”. Companies House states that there is an active proposal…
The excerpts from the famous poem by Robert Frost, The Road Not Taken,—“Two roads diverged in a yellow wood, And sorry I could not travel both…”—aptly illustrate the challenge of choosing the right forum or the ‘Adjudicating Authority’ for insolvency resolution process of personal guarantors under the Insolvency and Bankruptcy Code, 2016 (IBC/ the Code).…
A total of 5,272 youths declared bankrupt since 2020 The Malaysian Reserve Read the original article here
Northvolt said it submitted the bankruptcy filing after an “exhaustive effort to explore all available means to secure a viable financial and operational future for the company.” Northvolt’s collapse into insolvency represents a major blow to Europe’s ambition to become self-sufficient and build out its own EV battery supply chain to catch up to China.…
A two-member bench comprising Justice Rakesh Kumar Jain and Jatindranath Swain issued notice to Aakash Educational Services, Resolution Professional of Think & Learn Pvt Ltd, which operates under Byju’s brand. PTI Last Updated : 11 March 2025, 19:16 IST Follow Us : Comments Read the original article here
Northvolt bankruptcy puts future of German battery factory in doubt MSN Read the original article here
Fire and rescue dept chief highlights causes of financial troubles amongst staff New Straits Times Read the original article here
South Korean virtual asset deposit platform Delio was declared bankrupt by a court in Seoul on Nov. 22, according to multiple local press reports. Delio, which owes customers 245 billion won ($1.75 billion), halted withdrawals last year. Some hope of making customers whole Delio will begin liquidation proceedings. Customers can make claims through Feb. 21, 2025,…
13 firefighters declared bankrupt taken disciplinary action MSN Read the original article here
What Is Insolvency? Insolvency refers to a business that can no longer pay its debts. A company might be unable to repay creditors if it’s struggling financially. The company might have had a significant drop in income due to lost sales, increased expenses due to the cost of goods or labor, or the business might…