The Commercial Court in Dubai has issued a ruling to liquidate a real estate company after it was proved that its manager had been negligent in performing his duties and had breached his obligations. The court also decided to appoint a liquidation expert to oversee the inventory of assets, determine rights and obligations, and sell…
Ola Electric Mobility, in a stock exchange filing on Saturday said that Rosmerta Digital Services has filed an insolvency petition against its wholly owned subsidiary Ola Electric Technologies before the National Company Law Tribunal. The Bhavish Aggarwal-led firm added in the exchange filing that the petition submitted before NCLT’s Bengaluru Bench, alleged to default in…
New Delhi: A vendor of Ola Electric Mobility Limited — Rosmerta Digital Services Private Limited — has filed an insolvency petition against a wholly owned subsidiary of the electric two-wheeler maker over alleged non-payment of dues. The vendor of Ola Electric Technologies Private Limited has approached the National Company Law Tribunal (NCLT) in Bengaluru, claiming…
Mystery around Andrew Donnelly’s troubled businesses deepens The West Australian Read the original article here
Iconic retail food company closing down, no bankruptcy filing yet TheStreet Read the original article here
Ola Electric renegotiated its terms with its vendors, Rosmerta Digital Services and Shimnit India, to reduce costs and enhance registration process efficiencies. An insolvency plea has been filed against Ola Electric by Rosmerta Digital Services on Saturday, March 15 over alleged default in payments, as stated in Ola’s exchange filings. Rosmerta Digital Services was responsible…
“Our team has worked incredibly hard to identify a viable path forward, and our resolve is strengthened by the overwhelming support from customers and associates who have shared heartfelt stories about Hudson’s Bay and what our stores have meant to them, their families, and their communities across the generations,” said Hudson’s Bay president and CEO Liz Rodbell in a…
Carlow firm Swan Fruit Limited once had a turnover of €40m but was placed into voluntary liquidation in 2014, owing more than €2m to creditors Photo: Getty A Carlow fruit-and-vegetable wholesaler in liquidation for more than a decade is now under investigation by the Garda National Economic Crime Bureau (GNECB). Carlow firm Swan Fruit Limited…
Aussies scoop up cheap gifts from sports company liquidation The Courier Read the original article here
School lunch provider Libelle Group has been placed into liquidation. Photo: RNZ / Louise Ternouth Libelle Group, a major provider of school lunches that went into liquidation this week, has agreed to sell its lunch operation to Compass Group NZ. Compass had contracted with Libelle previously to deliver 125,000 meals a day as part of…