New Delhi, Nov 26 (PTI) The government is working on an integrated platform for the insolvency ecosystem covering key stakeholders that will also help speed up resolution processes. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, aims to provide market-linked and time-bound resolution of stressed assets. However, there have been delays…
The company, which delivered a series of projects across the West Country over more than three decades, recently entered creditors’ voluntary liquidation. Insolvency specialist Brailey Hicks has been brought in to manage the process, and all 12 ADG employees have been made redundant. Director Patrick Deigan said the practice, which was founded as the Architects…
Almanac has acquired the intellectual property and assets of Gro Intelligence. Gro Intelligence was developing the world’s largest agricultural data platform before its recent closure and business liquidation. In 2021, Almanac grew its crop management platform through the acquisitions of Agworld, Altrac…
Highlights As of September 30, 2024, a total of 40,943 cases have been filed in the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016. Creditors have realized 3.55 lakh crore under resolution plans, achieving 161.11% of the liquidation value and 86.13% of the fair value of the assets. The quarterly reports indicate…
SolarZero Limited, New Zealand’s biggest solar energy company, has announced its liquidation, citing unsustainable operating losses and liquidity constraints. The company, founded in the 1970s and recognised for its pioneering role in renewable energy, ceased operations from 4pm on Tuesday. The directors of SolarZero said the decision came after extensive efforts to explore restructuring options.…
Signs point to liquidation for troubled Mosaic The Australian Read the original article here
NZ’s biggest solar power provider SolarZero in liquidation Stuff Read the original article here
NZ’s biggest solar player, BlackRock-backed SolarZero, in liquidation The Post Read the original article here
NZ’s biggest solar player, BlackRock-backed SolarZero, in liquidation Waikato Times Read the original article here
In August the Herald reported SolarZero, which was sold to US private equity giant BlackRock, said it had “pioneered a new financing model” to expand its debt funding to $195 million. Its chief financial officer James Allard said French bank Societe Generale provided $130m of the $195m, and Crown-backed NZ Green Investment Fund (NZGIF) –…