Australian battery manufacturer Redflow has entered voluntary administration after failing to secure capital to upscale its X10 battery for larger projects. August 23, 2024 Ev Foley From pv magazine Australia Redflow, a Brisbane-based zinc-bromine flow battery producer, has entered into voluntary administration after failing to secure capital to scale up its X10 battery to target…
Company claimed to be able to provide cheap hospitality at events such as the Six Nations and Formula 1 races Prive Global Sports Ltd offered heavily discounted hospitality packages to businesses for in-demand sporting events The company’s clients paid for packages which were later cancelled with no refunds provided Customers have lost more than £600,000…
Brisbane-headquartered battery manufacturer Redflow has entered voluntary administration after failing to secure capital needed to upscale its X10 battery for larger MWh projects. August 23, 2024 Ev Foley Brisbane-headquartered zinc-bromine flow battery producer Redflow has entered into voluntary administration after it was unable to attract capital to scale up its X10 battery to target larger…
Owner distress as companies plunge into administration The North West Star Read the original article here
Posted By: Peter Gosnell 17 November 2023 de Jonge Read founder and executive director Henry ‘Hank’ de Jonge. At first glance, schooling accountants on saving businesses when one of your own companies is hopelessly insolvent would seem presumptuous. But maybe insights that cannot be acquired without enduring the stigma of unmanageable indebtedness imbue one with…
The SRA is entitled to the relief of extending the protection under Section 32-A to lift the attachment by the Enforcement Directorate over the Corporate Debtor’s assets The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has directed the Enforcement Directorate (ED) to lift the PMLA attachment on the corporate debtor’s…
It took 12 years to bring China’s Enterprise Bankruptcy Law into existence, with it finally being enacted on 1 June 2007. On 16 April 2024, during the 23rd Chairman’s Meeting of the Standing Committee of the 14th National People’s Congress, the first revisions to the Enterprise Bankruptcy Law, agreed over a full six years, will…
Adani Power gets NCLT nod to to acquire Lanco Amarkantak Power for ₹4,101 crore MSN Read the original article here
Shares of Adani Power (APL) surged 2% in the morning trade on the NSE today after the company received approval from the Hyderabad Bench of the National Company Law Tribunal (NCLT) for its ₹4,101 crore resolution plan for acquisition of power generation firm Lanco Amarkantak (LAPL). APL shares opened at ₹687 today and hit a…
The administrator for Mesh Direct has decided to liquidate the remainder of the company after Insane Signs purchased the majority of the company’s assets last week. The decision to wind up Mesh Direct Media Pty Limited and place it into liquidation was made at the second creditors meeting on Friday, exactly one month after the…