The Dubai Commercial Court has ordered the liquidation of a company operating in the building materials trade, appointing a legal administrator to oversee the process and inventory assets, settle liabilities, and distribute any remaining funds or movable assets to creditors. The decision came after a creditor filed a claim of Dhs3.7 million against the company,…
A federal court judge in Michigan has placed the once-promising electric truck brand Bollinger Motors’ assets into receivership following claims that the company’s owners still owe its founder, Robert Bollinger, more than $10 million. Bollinger Motors first came to fame in the “draw a truck, get a billion dollars” stage of the EV revolution that…
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/sapphire-media-completes-takeover-of-big-fm-92-7-via-insolvency-process-125051700823_1.html” on this server. Reference #18.d1672817.1747479122.41df5834 https://errors.edgesuite.net/18.d1672817.1747479122.41df5834 Read the original article here
Funding Voluntary Administrations and a Proponent’s right to recover deed contribution – What happens when the DoCA is Terminated? Ashurst Read the original article here
Apollo Capital Warns MediPharm Shareholders of Continued Value Destruction and Insolvency Risk Following Disastrous Q1 Financial Results The Malaysian Reserve Read the original article here
The Supreme Court’s decision in Bhushan Power & Steel Ltd. v. JSW Steel Ltd., reported as 2025 INSC 621, is far more than a routine appellate pronouncement. It is, in my respectful submission, a judicial earthquake. For those who have previously served on the National Company Law Tribunal (NCLT), this ruling resonates as both a…
Owners of aircraft serviced by Systematic Aviation Services Sdn Bhd pay thousands of ringgit every two weeks for maintenance despite being unable to use their aircraft. PETALING JAYA: Owners of aircraft maintained by Systematic Aviation Services Sdn Bhd (SAS), which has now been wound up by the High Court, are in a dilemma as they…
By Ben Zigterman · May 16, 2025, 7:23 PM EDT The U.S. Trustee’s Office objected to the proposed Chapter 11 plan of Creativemass, a wealth management app developer that is pursuing prepackaged liquidation, arguing that the plan would lock in prepetition… To view the full article, register now. Read the original article here
Online liquidation retailer, auction house opening large Cincinnati-area facility The Business Journals Read the original article here
Avance Gas Holding Ltd (the “Company”) advises that a Special General Meeting of the Shareholders of the Company (“SGM”) was held on 16 May 2025 at at 09:30 hrs, at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton, HM08, Bermuda, in relation to the proposed liquidation of the Company, appointing Mike Penrose of EY Bermuda…