Mosaic brands face voluntary administration
Mosaic brands’ flagship stores, including Millers, Rivers and Katies, will continue trading as the company undergoes voluntary administration. … Read the original article here
‘Major’ financial trouble plunges KTM into administration – Speedcafe
‘Major’ financial trouble plunges KTM into administration Speedcafe Read the original article here
SolarZero enters liquidation | RNZ
Photo: LDR Solar power company SolarZero has been put into liquidation, leaving some customers worried about the contracts they have signed with the company. The company – which offers customers solar power systems with no upfront cost but an ongoing, multi-decade lease – said the directors had requested its shareholder appoint a liquidator. It said…
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NCLAT Dismisses Insolvency Petition Against Amazon’s B2B Arm – StartupNews.fyi
SUMMARY The NCLAT rejected Multiple Brand Solutions’ contention, saying that the vendor’s claim for payment of invoices was “disputed much before demand notice was issued” Multiple Brand Solutions sought to initiate bankruptcy proceedings against Amazon Wholesale (India) over alleged default of INR 3.7 Cr between March 2023 and May 2023 Earlier, the Delhi bench of…
Questions swirl as homeowners await SolarZero answers – The Post
Questions swirl as homeowners await SolarZero answers The Post Read the original article here
SolarZero insider’s shock: ‘No holiday pay, signs of trouble’ and expert’s doubts about firm’s model
The ultimate pay situation would depend on whether the liquidators recovered any funds. Due to “unsustainable operating losses and liquidity constraints”, the business was unable to continue trading in its current form. She said the firm was “losing millions every year”. AdvertisementAdvertise with NZME. But it recently secured credit lines of more than $195m to…
SolarZero in liquidation | EVs & Beyond
SolarZero Limited (in liquidation) directors have requested its senior lenders take enforcement action and appoint the standby servicer Verofi as a replacement servicer, and that its shareholder appoint a liquidator. Customers will not be affected by the liquidation announcement, says SolarZero. Ahead of the liquidation, the senior lenders appointed Verofi as the replacement service provider…
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Corporate Insolvencies Fall But ‘Jury is Still Out’ on Potential Impact of Budget Changes
Corporate insolvencies fell month-on-month and year-on-year in October despite ‘high numbers’ of directors winding down solvent companies before the Budget. The number of corporate insolvencies decreased by 10.4% in October 2024 to a total of 1,747 compared to September’s total of 1,950 and decreased by 23.8% compared to October 2023’s figure of 2,293. Corporate insolvencies…