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The fabric and craft retailer Joann, which had already announced the closure of hundreds of stores, this week said the
Durban’s Pencil Club — a networking venue for the rich and famous — did not have sufficient money to keep
Updated Feb 26, 2025 18:43 ISTGautam Adani to acquire power company once owned by Anil Ambani (Pic: ET NOW) Vidarbha
Conor Benn Alleges Chris Eubank Jr. Owes Neymar Jr. £4 Million in Gambling Debt  FootBoom Read the original article here
NCLT Admits Ansal Properties & Infrastructure to Insolvency on IL&FS Plea for Rs257 Crore Dues  Moneylife Read the original article here
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When Strategy stock plunged more than 11% on Tuesday morning, fears of a potential forced liquidation from the self-described "Bitcoin
Windows firm goes bust leaving customers out of pocket  The Star Read the original article here
Australia’s No-Holds-Barred War on Phoenix Fraud: Crushing Corporate Crooks  AussieTheatre.com Read the original article here
Lapid proposes Egyptian administrative control of Gaza in exchange for debt relief  Middle East Monitor Read the original article here
New Look store closures: Full list of 26 shops revealed as liquidation begins  Yahoo News UK Read the original article here
Tesla Automation GmbH, a subsidiary of Tesla Inc. TSLA, has reached an agreement to purchase assets from the German technology

The fabric and craft retailer Joann, which had already announced the closure of hundreds of stores, this week said the chain will shut down completely.

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Durban’s Pencil Club — a networking venue for the rich and famous — did not have sufficient money to keep going even until June.

Business rescue practitioner Eugene Nel was appointed by the club’s directors earlier this month in an attempt to stave off liquidation.

But on Wednesday Nel said it was hopeless.

TimesLIVE Premium reported on Tuesday the club had suddenly shut its doors, leaving about 95 full-time employees with no jobs.

Nel said he would bring urgent liquidation proceedings to wind up the holding company.

This means the employees, who were told on Tuesday there was no money to pay their February salaries and wages, will have to stand in line with creditors.

Nel was appointed on February 12 after a resolution by the…

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Abhinav Ranjan

Updated Feb 26, 2025 18:43 IST

Gautam Adani Anil Ambani company

Gautam Adani to acquire power company once owned by Anil Ambani (Pic: ET NOW)

Vidarbha Industries Power Ltd (VIPL), once a subsidiary of Anil Ambani’s Reliance Power , was undergoing insolvency proceedings. Last year, Reliance Power had announced that Vidarbha Industries Power ceased to be its subsidiary.

Adani Power said that it has secured approval from the committee of creditors for acquiring Vidarbha Industries Power.

“This is to inform that the Committee of Creditors (“COC”) of Vidarbha Industries Power Limited (“VIPL”), a company undergoing Corporate Insolvency Resolution Process (“CIRP”) under the Insolvency and Bankruptcy Code 2016 (“IBC”) has approved the Resolution Plan submitted by Adani Power…

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Conor Benn Alleges Chris Eubank Jr. Owes Neymar Jr. £4 Million in Gambling Debt  FootBoom

Read the original article here

NCLT Admits Ansal Properties & Infrastructure to Insolvency on IL&FS Plea for Rs257 Crore Dues  Moneylife

Read the original article here

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When Strategy stock plunged more than 11% on Tuesday morning, fears of a potential forced liquidation from the self-described “Bitcoin Treasury” company spread across markets.

While those fears are not unfounded—as the company is the largest corporate entity holding Bitcoin—concerns may be overblown. 

That’s because structural safeguards make a forced liquidation scenario for Strategy “highly unlikely,” according to analysts at The Kobeissi Letter

The way “convertible notes are structured” with Strategy lends credence to this assertion, The Kobeissi Letter wrote on X on Tuesday.

A convertible note is a short-term debt instrument that converts into equity, typically used to delay discussions about a company’s valuation. 

Strategy

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Windows firm goes bust leaving customers out of pocket  The Star

Read the original article here

Australia’s No-Holds-Barred War on Phoenix Fraud: Crushing Corporate Crooks  AussieTheatre.com

Read the original article here

Lapid proposes Egyptian administrative control of Gaza in exchange for debt relief  Middle East Monitor

Read the original article here

New Look store closures: Full list of 26 shops revealed as liquidation begins  Yahoo News UK

Read the original article here

Tesla Automation GmbH, a subsidiary of Tesla Inc. TSLA, has reached an agreement to purchase assets from the German technology company Manz AG.

According to the press release issued on Tuesday, the deal involves acquiring Manz’s Reutlingen facility along with over 300 employees working there. Tesla Automation plans to manage this new location moving forward.

The transaction is awaiting clearance from the German Federal Cartel Office under antitrust regulations, and the purchase price has not been revealed.

Also Read: Tesla Starts Rolling Out FSD Features In China A Month After Elon Musk Said EV Giant Faces’ Challenges’ In The Country

Manz AG has initiated insolvency proceedings following a ruling by the Local Court of…

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