Seer Medical cofounders in happier times [from L to R]: Professor Mark Cook, Dr Dean Freestone, and George Kenley. A medtech tech company named Victorian Startup of the Year in 2022 and backed by Breakthrough Victoria has entered voluntary administration with a “potential sale or large-scale restructure” on the cards. Pitcher Partners’ Lindsay Bainbridge and…
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Baby City snapped up by new owner before end-of-year insolvency The Post Read the original article here
The company behind the award-winning Manchester spirit brand Didsbury Gin has gone into liquidation – owing close to £200,000 to creditors. Launched in 2017 by Mark Smallwood and Liam Manton, the co-founders enjoyed 15 minutes of fame when they made an appearance on Dragon’s Den in 2019, where they successfully received the backing of Jenny…
Craft Warehouse, a small local chain of arts-and-crafts stores, said Wednesday it is closing its locations in Beaverton and Vancouver. The stores — at 13503 S.E. Mill Plain Boulevard in Vancouver and 3125 S.W. Cedar Hills Boulevard in Beaverton — are closed Wednesday to prepare for liquidation sales starting Thursday at 9:30 a.m. “The liquidation…
Restructuring & Insolvency Laws and Regulations Report 2024-2025 ICLG.com Read the original article here
The extraordinary general meeting was convened in December after it became evident that the company’s equity had plummeted to minus 29.5 billion kronor. Shareholders were presented with two options: to continue operations or to liquidate the company – selling off all assets, settling as much debt as possible, and then ceasing operations. It has now…
As the year 2024 nears its end, LiveLaw brings to you a summary of important Supreme Court judgments of the year rendered in connection with the Insolvency and Bankruptcy Code, 2016. The same are as follows: 1. IBC – Is Dissenting Financial Creditor Entitled To Minimum Value Of Security Interest? Supreme Court Refers To Larger…
In a significant move to enhance the functioning of the National Company Law Tribunal (NCLT), the Ministry of Corporate Affairs (MCA) has appointed 24 Judicial and Technical Members to the tribunal’s Principal Bench in New Delhi. The announcement, made on January 7, marks a strategic step towards expediting corporate dispute resolutions and strengthening India’s corporate…
Decision day: Northvolt NOT to be liquidated Norran Read the original article here