U.S. corporate bankruptcy filings rise: S&P – Investment Executive
U.S. corporate bankruptcy filings rise: S&P Investment Executive Read the original article here
More German companies filing for bankruptcy in 2024
Amid Germany’s economic downturn, the number of companies in the country filing for bankruptcy rose by 16.8% in 2024 compared to the year before, according to a report from the Federal Statistical Office released on Friday. In the final month of the year, insolvency filings rose by 13.8% compared to the same month in 2023,…
Supertech Township Projects lender rejects settlement proposal, NCLAT to decide on insolvency
Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the rejection of the settlement proposal.…
Supertech Township Projects lender rejects settlement proposal NCLAT to decide on insolvency- The Week
New Delhi, Jan 11 (PTI) Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the…
Supertech Township Projects lender rejects settlement proposal, NCLAT to decide on insolvency
New Delhi, Jan 11 (PTI) Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the…
British Columbia Discovery Fund Inc. (formerly British Columbia Discovery Fund (VCC) Inc.) Provides Update on Liquidation Proceedings
VANCOUVER, British Columbia, Jan. 10, 2025 (GLOBE NEWSWIRE) — British Columbia Discovery Fund Inc., (formerly British Columbia Discovery Fund (VCC) Inc.) (the “Fund”), by MNP Ltd. (formerly The Bowra Group Inc.) in its capacity as liquidator of the Fund (the “Liquidator”), provides the following update as to the liquidation proceedings of the Fund. Pricing Net…
China’s Shimao Group receives liquidation petition
(Reuters) – China’s Shimao Group said on Friday CPYM Link Investment Limited had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.19 million) cross-border loan guarantee provided by the property developer. The court has set the first hearing for the petition on March 19, 2025.…
New Addington-based Cronx Brewery goes into liquidation
Cronx, the award-winning craft beer brewery based in an industrial unit in New Addington which had its own bar on Croydon High Street, has gone out of business. Gone flat: Cronx Brewery has closed with debts of more than £140,000 The decision was taken at a formal meeting of the company’s board, including Cronx co-founder…
Brewer Kaiju enters voluntary administration
Melbourne craft brewer Kaiju has entered voluntary administration but its operations will continue as usual during a restructuring process. Kaiju said that its directors decided on the move after considering options to deal with the company’s debt accumulation. “While the business is now trading profitably, this step allows us to restructure and ensure a stronger…
Australia's Star Entertainment hits record low on cash burn concerns – Reuters
Australia’s Star Entertainment hits record low on cash burn concerns Reuters Read the original article here