Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Arkeon, an Austrian biotech company developing sustainable protein via gas fermentation, has formally filed for insolvency.The announcement was shared by
NCLAT clarifies NCLT's authority to order investigations into company affairs in insolvency cases under the Companies Act, subject to preconditions.New
Appellate tribunal NCLAT has clarified that the National Company Law Tribunal (NCLT) can order an investigation into the affairs of a company by probe agencies in cases related to the Insolvency & Bankruptcy Code by exercising its power under the Companies Act.
The NCLAT order came on May 15 over a plea filed by Max Publicity & Communication which had challenged an NCLT order.
The Mumbai bench of NCLT, on January 21, 2025, while rejecting an insolvency plea against Max Publicity & Communication, issued a direction to forward a copy of the order to investigative agencies, including the Serious Fraud Investigation Office (SFIO) and Economic Offences Wing (EOW).
This was challenged before NCLAT by Max Publicity submitting that no…
YEREVAN, June 16. /ARKA/. The government of Armenia does not have serious problems with managing the public debt, Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency’s question about about how manageable the debt is and what the main risks associated with it are.
“At the end of 2024, the debt-to-GDP ratio decreased to 48% from 48.4% at the end of 2023. However, we are concerned about the level of debt and the percentage of debt servicing in our expenditures. Of course, when we try to compare it with international indicators, it is not that high, but, in our opinion, it is necessary to pay serious attention to reducing debt servicing costs and take measures in this direction,” Hovhannisyan said…
Arkeon, an Austrian biotech company developing sustainable protein via gas fermentation, has formally filed for insolvency.
The announcement was shared by co-founder and CEO Gregor Tegl on his LinkedIn page, marking the end of the start-up’s efforts to commercialise its alternative protein technology.
In a public statement, Tegl expressed gratitude to the team, investors, partners and supporters who contributed to the company’s progress. “Your dedication, late nights and passion for innovation made every milestone possible,” the statement read. “I’m deeply proud of what we built together.”
Founded to produce amino acids and protein ingredients through carbon-capture-based fermentation, Arkeon was part of a wave of start-ups…
NCLAT clarifies NCLT’s authority to order investigations into company affairs in insolvency cases under the Companies Act, subject to preconditions.
New Delhi, Jun 16 (PTI) Appellate tribunal NCLAT has clarified that the National Company Law Tribunal (NCLT) can order an investigation into the affairs of a company by probe agencies in cases related to the Insolvency & Bankruptcy Code by exercising its power under the Companies Act.
The NCLAT order came on May 15 over a plea filed by Max Publicity & Communication which had challenged an NCLT order.
The Mumbai bench of NCLT, on January 21, 2025, while rejecting an insolvency plea against Max Publicity & Communication, issued a direction to forward a copy of the order to investigative…
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There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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Sustainable fashion brand Hemper has filed for creditor bankruptcy and liquidation due to insolvency. The Madrid-based company also presented a bid for the acquisition of some of its assets.
In an official statement released June 16, 2025, Hemper’s management announced the company’s bankruptcy filing. The sustainable fashion and accessories brand, which specialises in showcasing hemp as a sustainable and low-impact raw material for the fashion ecosystem, made the decision due to its complex financial situation. Hemper’s management justified the move, citing the “growing complexity” for independent and committed brands working towards a “purpose-driven” fashion and textile industry. This situation threatens to end Hemper’s…
The superstar jockey, who left Britain at the end of 2023, has not given up on the prospect of riding at the meeting again before he retires from the saddle
Frankie Dettori: attending Royal Ascot this year as a spectator(Image: Getty Images)
Frankie Dettori is returning to Royal Ascot this week – but he won’t be riding. The superstar jockey rode 81 winners at the five-day racing extravaganza and topped the leaderboard for most winners at the fixture seven times.
The 54-year-old quit Britain after 35 years at the end of 2023, u-turning on an announced retirement to pick up his career again in the US. He has continued to enjoy success across the Atlantic and this month landed his richest win since his relocation when riding Raging Torrent…
The insolvency department said 330 people declared themselves bankrupt last year, almost double the number the previous year. (Selangor Insolvency Department pic)
PETALING JAYA:
Financial planners have called for a minimum debt level to be imposed for Malaysians who wish to declare themselves bankrupt.
The lack of such a threshold allows those with even small debts to file for bankruptcy and “does leave the system open to potential abuse”, said licensed financial planners V Rajendaran and Saidah Asilah.
They were commenting on a statement by the insolvency department that the number of self-declared bankruptcy cases almost doubled last year, with 330 cases recorded compared to 181 in 2023 and 116 in 2022.
