File photo. Rumors began circulating on Reddit three days ago that YT Industries had moved from bankruptcy to the liquidation phase. This morning, an ambiguous article published by Enduro Mountain Bike Magazine claimed “YT shuts its doors.” However, in a statement to Pinkbike from founder and CEO Markus Flossman, the situation is more complicated. How…
Carmat says imminent liquidation now ‘extremely probable’ Reuters Read the original article here
Pittsburgh-Based Company Emerges as Leading Destination for High-Value Liquidation Pallets, Offering Unprecedented Access to Brand-Name Merchandise PITTSBURGH, PA – In a significant expansion that’s reshaping the wholesale liquidation landscape, Pallet Liquidation Kings has announced a dramatic increase in their premium inventory offerings, establishing themselves as the nation’s premier destination for liquidation pallets [https://palletliquidationkings.com/] and wholesale…
PARIS, September 29, 2025–(BUSINESS WIRE)–Regulatory News: CARMAT (FR0010907956, ALCAR), designer and developer of the world’s most advanced total artificial heart, aiming to provide a therapeutic alternative for people suffering from advanced biventricular heart failure (the “Company” or “CARMAT“), today provides an update on the ongoing receivership procedure. Update on the ongoing receivership procedure Following a…
Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…
The matter arises from the Court’s May 2, 2025 judgment which struck down JSW Steel’s plan and ordered BPSL’s liquidation under Article 142 of the Constitution. That ruling by Justices Bela M Trivedi and Satish Chandra Sharma had held that the CoC erred in approving the plan. JSW Steel, chosen as the successful resolution applicant in 2019, offered over ₹19,000 crore…
The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following the publication of…
The Supreme Court observed that the conduct of former promoter Sanjay Singhal and others showed an attempt “to prevent the Corporate Insolvency Resolution Process from reaching its logical end.” The Supreme Court on Friday overturned its May 2 order directing the liquidation of Bhushan Power and Steel Ltd (BPSL) and upheld JSW Steel Ltd’s ₹19,700…
The elevated pace of large corporate bankruptcy filings that began in early 2023 has persisted over the last 12 months (2H 2024–1H 2025) and even increased over the prior year. The most common reported drivers have been high inflation and interest rates, reduced consumer demand, and shifts in public policy. Out-of-court restructurings involving liability management…
SDAI Limited: No New Developments in Compulsory Liquidation Update – What Should Investors Expect? Key Points from the Latest Company Update SDAI Limited has issued its monthly update regarding the compulsory liquidation of its subsidiary, KHL Marketing Asia-Pacific Pte Ltd, in compliance with Catalist Rule 704(22). There have been no further material developments since the…