UK’s Small Robot Company (SRC) proceeds into liquidation. The technology of the company delivered value at a profit, with customers waiting, but could not secure the required investment to scale. According to SRC on LinkedIn they had a signed Term Sheet, but the investment did not land before the runway ended. Looking back SRC mentioned…
(Bloomberg) — Some former Celsius Network customers are exploring whether they can liquidate Ionic Digital Inc., a Bitcoin mining firm they own with other Celsius creditors that’s struggled to complete plans to go public. Joseph Sarachek, a lawyer representing some Celsius creditors, told a New York bankruptcy judge Tuesday that his office has been contacted…
Fisker Inc. begins Chapter 11 liquidation after failing to secure necessary funding and partnerships. Ongoing negotiations focus on access to parts and service for current Fisker vehicle owners. Shareholder lawsuits and SEC investigations add complexity to the already tumultuous bankruptcy process. Fisker, the electric vehicle manufacturer, has commenced a Chapter 11 bankruptcy liquidation process while…
Federal court orders liquidation of UK pension management firm | Australian Broker News News … Read the original article here
Andrew McDouall makes $150k offer to pay loans in liquidation BusinessDesk Read the original article here
Full Digital Access 12 Month Plan costs $260 (min. cost) for the first 12 months, charged as $20 every 4 weeks. This automatically renews after the first 12 months to be charged as $20 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
Yongnam Holdings Limited (SG:AXB) has released an update. Yongnam Holdings Limited and its subsidiary, Yongnam Engineering & Construction, have been officially wound up by the High Court of Singapore as of 23 August 2024. The Court has also released the judicial managers from liability, and appointed liquidators from KPMG to manage the closure process. These…
Sustainable Foods: NZ Plan*t Meat Maker Enters Administration Home Green Business New Zealand’s Sustainable Foods, Maker of Hemp-Based Plan*t Meats, Files for Administration Read the original article here
However, those commitments required Redflow to match the government funding on offer, and attempts to raise equity support did not bear fruit, Redflow said last week (23 August). “In the absence of such support, the Directors believe that Redflow is unable to continue as a going concern and have no option but to place the…
The NCLAT Bench of Justice Rakesh Kumar Jain, Member (Judicial) and Arun Baroka, Member (Technical) has held that the dispute regarding payment of GST dues is not a “pre-existing dispute” between the parties that would preclude the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC).…