The equity story for Meta Materials Inc. (NASDAQ: MMATQ) has reached its conclusive chapter as the company undergoes final liquidation. Following its August 2024 Chapter 7 bankruptcy filing, the process of asset dissolution is now underway, representing a complete loss for investors who held shares in the advanced materials firm. On August 9, 2024, Meta…
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The Bangladesh Bank drafted new bankruptcy laws to replace the 1997 Act, empowering lenders to file bankruptcy cases without the debtor’s consent, creating legal tools to stop asset transfers of defaulters, recover properties from abroad, and even continue proceedings after a defaulter’s death. It also establishes cross-border insolvency cooperation and…
Why Has Bowen Coking Coal Entered Voluntary Administration? Bowen Coking Coal, a Queensland-based mining company, has appointed voluntary administrators as of July 30, 2025, putting more than 500 jobs at risk at its Burton Mine near Moranbah. The company’s decision follows a series of financial challenges that have made its operations increasingly unsustainable in Queensland’s…
One man’s fight back in the losing liquidation battle Thepost Read the original article here
The Insolvency and Bankruptcy Board of India (IBBI) has taken a decisive step toward fortifying the integrity of corporate insolvency proceedings. On 6 November 2025, it released a Discussion Paper proposing mandatory declaration templates for beneficial ownership and Section 32A eligibility, marking a shift from discretionary disclosures to a standardized, verifiable framework. This move directly…
The National Company Law Tribunal (NCLT), Mumbai bench has approved the resolution plan submitted by Amphitrite Subsea Private Limited for the revival of Dunnimaa Engineers and Divers Enterprises Private Limited, which was undergoing Corporate Insolvency Resolution Process (CIRP) since November 2022. The CIRP was initiated on 24.11.2022 by Omkara Asset Reconstruction Private Limited, the Financial…
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In a recent ruling under the Right to Information Act, the Insolvencyand Bankruptcy Board of India (IBBI) has dismissed an appeal seeking disclosure of Committee of Creditors’ (CoC) voting results in the CIRP of a company, reiterating that such records are held in a fiduciary capacity and are exempt from disclosure under Section 8(d) of…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…