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PANDION’s Insolvency Web Spreads to 11 Project Companies as Bondholders Scramble for Clarity

The distressed-debt market is watching PANDION with growing unease as the Cologne-based property developer’s restructuring effort fragments into a patchwork of parallel court proceedings. Eleven project companies — spanning Stuttgart, Cologne, Berlin and the Siebengebirge region — filed for insolvency last Thursday, pulling individual development vehicles into the process alongside the parent group that sought…

Pidilite Industries: Discontinues Bangladesh Subsidiary Operations

Pidilite Industries Limited has announced the voluntary liquidation of its wholly-owned step-down subsidiary in Bangladesh, Nina Percept (Bangladesh) Private Limited (NPBPL). This decision, effective from August 19, 2026, follows an order from the Registrar of Joint Stock Companies and Firms, Bangladesh. NPBPL has been inoperative since its incorporation due to a lack of business opportunities.…