Insolvency Guardian Media Centre
Dalmia Cement (Bharat) Ltd, Jindal Power Ltd, and PNC Infratech Ltd did not bid in the auction process.
Later, the lenders held negotiations with these five…
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66-year-old appliance company files for Chapter 11 bankruptcy TheStreet
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This report explains a legal decision made by the National Company Law Tribunal (NCLT) in Jaipur regarding a company called Jaipur Metals & Electricals Limited. This company is currently in a formal insolvency process, which is a legal procedure for companies that cannot pay their debts. The main conflict was between the court-appointed official responsible for the company, known as the Resolution Professional (RP), and the company’s previous management, which includes high-ranking officials from the State of Rajasthan. The core problem was that the State Government and the suspended managers refused to hand over control of the company’s assets and records to the RP, which they are legally required to do.
The…
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The equity story for Meta Materials Inc. (NASDAQ: MMATQ) has reached its conclusive chapter as the company undergoes final liquidation. Following its August 2024 Chapter 7 bankruptcy filing, the process of asset dissolution is now underway, representing a complete loss for investors who held shares in the advanced materials firm.
On August 9, 2024, Meta Materials initiated Chapter 7 proceedings, effectively terminating all business activities. The company discharged its entire workforce, including Chief Executive Officer Uzi Sasson and the complete executive leadership team. Even the corporate website at metamaterial.com has transitioned to administration by the bankruptcy trustee, now functioning exclusively as an informational portal…
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Crypto analyst Willy Woo downplayed the chances of Michael Saylor’s Strategy offloading its Bitcoin (BTC) stash to cover debts. This comes on the back of increased speculations for an incoming bear market as macro headwinds persist.
Strategy Will Survive Next Bear Market
In a recent X post, Woo explained that Strategy does not need to see its crypto during the next significant bearish phase. The highly anticipated bear market could see several crypto treasury firms reposition their holdings to limit losses.
Woo believes Strategy is safe due to the Bitcoin price growth over the previous months and the company’s MSTR stock price. The company’s debt includes both…
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The encounter with Moshe Yanai is deceptive. To this day, in interviews and articles written about him over the decades, Yanai (76) has been described as a successful high-tech entrepreneur, one of the pioneers of Israel’s tech industry in the 1980s, a brilliant electrical engineer, one of the founders of the modern data storage industry, and a member of the Startup Nation aristocracy. Now, however, the conversation with him takes place under the dubious title of “bankrupt.” A man whose creditors are pursuing his assets and who knows they will never be repaid in full.
But the deception also lies in the words that come out of his mouth. Yanai speaks openly and unusually for a man in his situation, but his words are often…
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The final chapter is now being written for ENGlobal Corporation, with shareholders facing near-total loss as the company progresses through Chapter 11 liquidation proceedings. The firm’s shares have been relegated to over-the-counter trading under the ticker ENGCQ following their delisting from the NASDAQ exchange.
ENGlobal’s downward spiral culminated in a Chapter 11 bankruptcy filing on March 5, 2025. What began as a reorganization effort quickly transformed into a full liquidation when the court approved a dissolution plan on June 13, 2025. This development pushed the company’s shares into penny stock territory, where they now trade on the OTC markets.
The company’s financial deterioration was evident even before the bankruptcy…
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The equity story for Meta Materials Inc. (NASDAQ: MMATQ) has reached its conclusive chapter as the company undergoes final liquidation. Following its August 2024 Chapter 7 bankruptcy filing, the process of asset dissolution is now underway, representing a complete loss for investors who held shares in the advanced materials firm.
On August 9, 2024, Meta Materials initiated Chapter 7 proceedings, effectively terminating all business activities. The company discharged its entire workforce, including Chief Executive Officer Uzi Sasson and the complete executive leadership team. Even the corporate website at metamaterial.com has transitioned to administration by the bankruptcy trustee, now functioning exclusively as an informational portal…
Read the original article here
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The Bangladesh Bank drafted new bankruptcy laws to replace the 1997 Act, empowering lenders to file bankruptcy cases without the debtor’s consent, creating legal tools to stop asset transfers of defaulters, recover properties from abroad, and even continue proceedings after a defaulter’s death.
It also establishes cross-border insolvency cooperation and brings all financial distress cases under one coordinated legal framework.
The…