Green Bioactives enters liquidation

The Edinburgh based company, founded in 2019 by the late Gary Loake, focused on developing natural plant-based wellness ingredients through biotechnology, a process which involved collecting plant samples, cleaning and cultivating stem cells and scaling production in bioreactors to extract beneficial compounds. However, following an unfortunate series of events, Green Bioactives was unable to raise…

HNGIL Insolvency Sparks Regulatory Storm: Legal notice flags foreign funding irregularities, market manipulation, systemic risks, calls for RBI-SEBI probe

The corporate insolvency resolution process (CIRP) of Hindusthan National Glass & Industries Ltd. (HNGIL) — India’s oldest and once-largest container glass manufacturer — has snowballed into a full-blown regulatory and legal storm. A 39-page legal notice addressed to the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Ministry of…

CySEC orders liquidation of fund, restricts shareholder voting rights

The Cyprus Securities and Exchange Commission (CySEC) announced the dissolution and liquidation of Wanterfell Investment AIFLNP V.C.I.C. Ltd following the total redemption of its units. The fund, which operated as an Alternative Investment Fund with Limited Number of Persons (AIFLNP), carried License Number LPAIF123/2014. CySEC explained that the dissolution was carried out under article 132(1)(d)…

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