Hungary rail giants Ganz-Mavag, Dunakeszi face liquidation

The railway manufacturing sector in Hungary is on the brink as two major companies, Ganz-Mavag International (GMVI) and Dunakeszi Vehicle Repair Works, face court-ordered liquidation. While the Hungarian government may still intervene to save them — potentially meaning renationalisation — the risk of their assets being sold off has placed thousands of jobs in danger…

Dr. Phil ordered to liquidate media company after losing bankruptcy case with ‘no hope for rehabilitation’

A federal judge ordered that the bankruptcy case filed by Dr. Phil McGraw’s Merit Street Media be converted to a Chapter 7 liquidation, saying that the Trump-backing celebrity TV psychologist showed a lack of candor by deleting incriminating text messages that revealed a scheme to pay “favored creditors.” According to Bankruptcy Judge Scott Everett, “there…

Preference shareholders aren’t financial creditors under IBC, can’t initiate insolvency: Supreme Court

A Bench of Justices JB Pardiwala and KV Viswanathan dismissed an appeal filed by EPC Constructions India Ltd (in liquidation) against Matix Fertilizers and Chemicals Ltd, affirming the findings of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) that the preference shares held by EPC represented an investment and not…

Horizon Space Approves Trust Liquidation Amendments

Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Horizon Space Acquisition I Corporation ( (HSPO) ) has provided an update. On October 27, 2025, Horizon Space Acquisition I Corp. held an extraordinary general meeting where…