Insolvency Guardian Media Centre
Aussie brides await delivery of gowns as luxury bridal brand enters administration Bay Post-Moruya Examiner
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E-commerce marketplace aggregator 10Club, which once raised one of India’s largest seed rounds, has failed to find a viable business model. The Fireside Venture-backed company now appears to be heading toward closure, as it has initiated insolvency proceedings before the National Company Law Tribunal (NCLT), Bengaluru Bench.
According to a company’s regulatory filing sourced from the Registrar of Companies (RoC), the shareholders of Boxseat Ventures Private Limited (10Club) have passed a special resolution to file for insolvency under Section 10 of the Insolvency and Bankruptcy Code, 2016.
According to the…
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PUTRAJAYA (May 8): The Court of Appeal has rejected Ministry of Finance (MOF)-controlled TH Heavy Engineering Bhd’s (THHE) bid to stop creditors from turning its voluntary winding up into a compulsory one, clearing the way for High Court proceedings on Friday.
The MOF owns 64.45% of THHE through Urusharta Jamaah Sdn Bhd (UJSB). The company was delisted in 2023.
A three-member Court of Appeal panel on Thursday upheld a High Court decision allowing creditors of THHE and THHE Fabricators to begin legal proceedings to place both companies into compulsory liquidation under court supervision.
Under Section 464(2)(d) of the Companies Act 2016, creditors can ask the court to order compulsory liquidation if the court is convinced that a…
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PUTRAJAYA (May 8): The Court of Appeal has rejected Ministry of Finance (MOF)-controlled TH Heavy Engineering Bhd’s (THHE) bid to stop creditors from turning its voluntary winding up into a compulsory one, clearing the way for High Court proceedings on Friday.
The MOF owns 64.45% of THHE through Urusharta Jamaah Sdn Bhd (UJSB). The company was delisted in 2023.
A three-member Court of Appeal panel on Thursday upheld a High Court decision allowing creditors of THHE and THHE Fabricators to begin legal proceedings to place both companies into compulsory liquidation under court supervision.
Under Section 464(2)(d) of the Companies Act 2016, creditors can ask the court to order compulsory liquidation if the court is convinced that a…
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Volta Trucks has declared bankruptcy for the second time, electrive.com reports. Although no detailed explanation for the insolvency has been provided, it appears to stem from a lack of sales due to delays in the production of the first Volta Zero model. Production of the vehicle began in Steyr, Austria, in April 2023, but the company declared bankruptcy in October of the same year, halting manufacturing.
In spring 2024, the majority stake in Volta was acquired by the Luxor Capital fund, which announced a fresh start and the resumption of production. Deliveries were scheduled to begin by the end of 2024, but this never materialised. According to local press reports, the company was still attempting to restart production in Steyr, with…
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ROI ET, Thailand – Deputy Prime Minister and Finance Minister Pichai Chunhavajira visited Roi Et province on May 3 to review the progress of the government’s debt relief program for small-scale borrowers. Accompanied by Prime Minister’s Office Minister Jiraporn Sindhupra, the delegation visited Chaturaphak Phiman Ratchadapisek School, where over 4,000 participants gathered for the Phase 2 rollout of the scheme.
The “Debt Moratorium and Capacity-Building Program for Debtors” offers temporary financial…
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A MUM has asked strangers online to help her pay off her £2,490 credit card debt by Father’s Day.
Mother Sara Callahan took to TikTok in a desperate attempt to clear the family’s credit card debt – also explaining how she cleverly uses the popular platform to make extra cash.
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Sara, from the US, embarked on the debt-free journey to surprise her husband and has since found several ways to rake in money, including side hustles and Door Dash.
So far, the mum – who posts under the username @sarac1409 -…
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SC ruling can redefine insolvency Deccan Herald
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Ram Logistics owed $3.2m to IRD when it entered liquidation Business Desk NZ
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Rams Logistics owed $3.2m to IRD when it entered liquidation Business Desk NZ
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Federal Student Loan Rates: Modest Relief for Borrowers Money Talks News
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Canadian Lion Electric is on the brink of liquidation following Quebec’s withdrawal of financial support Sustainable Bus