Irish energy firm that owes investors hundreds of millions faces key deadlines in coming weeks Solar 21’s High Court-approved scheme of arrangement to pay back hundreds of millions to investors faces a series of deadlines over the next six weeks, according to a new report prepared by restructuring supervisor Alvarez & Marsal. There is a…
The bankruptcy court approves Helios Photo Voltaic Ltd, earlier known as Moser Baer Photo’s acquisition by OCL Iron & Steel Ltd through an insolvency resolution process. Helios Photo Voltaic manufactures solar energy equipment including optical media storage products, photovoltaic cells, thin film modules, panels and other electrical equipment products along with wires and cables. “As…
The Supreme Court on Wednesday, by a majority of 2:1, set aside the approval granted to AGI Greenpac’s resolution plan for ailing Hindustan National Glass and Industries Ltd (HNGIL), citing non-compliance with mandatory provisions under the Insolvency and Bankruptcy Code, 2016. A bench comprising Justices Hrishikesh Roy, Sudhanshu Dhulia and S V N Bhatti was…
Some successful tennis players have been unable to manage their assets, leading to bankruptcy. Tennis is undoubtedly one of the most attractive sports for athletes. The prize pool at the Grand Slams and other top ATP and WTA competitions is growing every year. Not only the winners but there’s something in it for every player…
Austrian investor Rene Benko, founder of the Signa property and retail group and one of Austria‘s richest men, has filed for insolvency, a spokesperson for the Innsbruck regional court confirmed on Thursday. The move comes after the Austrian state prosecutor filed an insolvency petition against the 46-year-old at the end of January, accusing Benko of…
A Million Culled Chickens Show Pitfalls of Biden’s Meatpacking Revamp The Wall Street Journal Read the original article here
Yours, with change from a tenner. Listed law group RBG Holdings has suspended trading of its shares this week, and indicated that it is nearing a declaration of insolvency. [Update: it’s now happened, with RBG announcing on Friday that the board “regrettably has resolved to and subsequently has filed today a notice of intention to…
Construction has been named as the sector with the most firms facing “critical” financial pressure, with almost 7,000 businesses at risk of bankruptcy. In its latest Red Flag Alert report covering the fourth quarter (Q4) of last year, insolvency practitioner Begbies Traynor said that 6,830 construction firms in the UK ended 2024 in “critical financial distress”. It…
Lürssen moves to acquire Nobiskrug, FSG confirms sale to Heinrich Rönner Group Boat International Read the original article here
Markham-based Krieger & Company Inc. has been appointed as trustee of the estate for the Aurora chocolatier renowned for its distinctive buttercrunch treat One Chocolate Corporation, the owners of iconic Aurora chocolatier Fraktals, has declared bankruptcy. A notice posted on the door of its retail location on Industrial Parkway South said that One Chocolate Corporation made…