Northvolt AB files for bankruptcy in Sweden

In addition to Northvolt AB, the subsidiaries Northvolt Ett AB, Northvolt Labs AB, Northvolt Revolt AB and Northvolt Systems AB also filed for bankruptcy in Sweden, the company announced. These are the operating company of the Swedish cell factory Northvolt Ett, the research centre, the recycling subsidiary and the company for the production of battery…

BYJU’s-EY Case Latest Update: Earns & Young manipulated edtech firm BYJU’s CIRP process, claims whistleblower

A whistleblower has alleged that accounting firm Earns & Young (EY) had manipulated edtech firm BYJU’s CIRP process. However, the most alarming revelation by the whistleblower is how a legitimate settlement was deliberately derailed to keep Byju’s in insolvency.  The whistleblower said that EY deliberately delayed BYJU’s CIRP process behind the scenes. EY did not…

Northvolt files for bankruptcy in Sweden

Stockholm, Sweden, 12 March 2025 – Following an exhaustive effort to explore all available means to secure a viable financial and operational future for the company, the Board of Directors of Northvolt AB today announced that it has filed for bankruptcy in Sweden. Like many companies in the battery sector, Northvolt has experienced a series…