Insolvency Guardian Media Centre
Growy Singapore has entered provisional liquidation, marking the end of operations at its 8,000 square meter vertical farm near Changi Airport, less than a year after its official launch in November 2024. According to a statutory declaration filed by director Ramasamy Chockalingam on October 28, the company “cannot by reason of its liabilities continue its business.”
The declaration, made in Chennai and published in Singapore’s Government Gazette on November 4, formally placed the company in provisional liquidation under the Insolvency, Restructuring and Dissolution Act 2018. Three provisional liquidators from KPMG were appointed the same day.
Growy’s Singapore venture had been announced with strong government support as…
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B2Holding ASA ( (GB:0RIT) ) has shared an announcement.
Rasmus Hansson, Head of Investor Relations and M&A at B2 Impact ASA, acquired 10,000 shares in the company at an average price of NOK 16.90, increasing his total holdings to 140,057 shares. This transaction reflects confidence in the company’s operations and may influence investor perceptions positively, aligning with B2 Impact’s strategic goals in the debt management industry.
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B2 Impact ASA is a leading pan-European debt management company that offers solutions for defaulted loans and provides liquidity to financial institutions, contributing to a healthier financial system. Founded in 2011, the company employs around 1,430…
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Martin: Recent case a reminder of the reach of gambling underworld Calgary Herald
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The annoying proliferation of legal sports gambling, which seems to be the only thing advertised on television these days, hasn’t stopped the seedy and illegal underbelly of the practice from continuing to occur.
That fact became clearly obvious in a Calgary courtroom this week when a city woman pleaded guilty to criminal harassment of a man whose only mistake was to vouch for a friend who wanted to participate in illegal sports betting.
The victim, who can’t be named under a court order protecting his identity, had referred a friend, Kyung Shin, to Chantelle But to assist Shin in placing some illegal bets on sporting events.
On the hook for friend’s gambling debt
It turned out, much to the later chagrin of the victim, that after…
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The National Company Law Tribunal (NCLT), Kochi Bench, has ordered the liquidation of Malayalam Vehicles India Private Limited (a former Tata Motors passenger vehicle dealer) in furtherance to the resolution passed by the Committee of Creditors (CoC) to liquidate the corporate debtor.
The bench comprising Judicial Member Vinay Goel and Technical Member Madhu Sinha observed that considering the decision taken by the COC of the Corporate Debtor, this Adjudicating Authority deems it fit to order liquidation of the Malayalam Vehicles India Private Limited.
Malayalam Vehicles Pvt Ltd is a former Tata Motors passenger vehicle dealer. It lost its dealership before the commencement of the CIRP. The decision came in an …
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As NYC launches one of the largest medical debt relief efforts in the country, CFOs face a growing pressure to view patient financial wellness as a core component of fiscal and operational health.
New York City Mayor Eric Adams has made a bold move, and it comes with broad implications for health system finances.
Adams’ administration announced that it has cancelled nearly $135 million in medical debt for more than 75,000 working-class residents, while also opening eight new financial empowerment centers in partnership with the public hospital system.
What does it mean?
The program, which was announced in October, is aimed at New Yorkers who meet one of two eligibility criteria: An annual household income at or below 400 % of the…
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A TECHNOLOGY company that worked with major car manufacturers such as Stellantis has filed for bankruptcy.
The supplier filed for bankruptcy after ending its US operations.
Exro Technologies was in the running to be Stellantis’ supplier of the year in 2024, but its future now looks uncertain.
Stellantis owns a slew of major car brands, including Chrysler, Dodge and Jeep.
The company produced a coil driver for electric cars after working with Stellantis for 14 months.
This part is designed to…
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New Delhi: The Supreme Court on Thursday adjourned the hearing on a batch of petitions filed by lenders of bankrupt telecom operator Aircel Ltd, challenging the National Company Law Appellate Tribunal’s order, which had held that spectrum can be transferred under an insolvency resolution plan only after all government dues are cleared.
The case is now expected to be listed next week, though a specific date for the next hearing has not been notified by the court yet.
The petition filed by the State Bank of India (SBI)-led committee of creditors (CoC) was listed for hearing by a bench of justices P.R. Narasimha and Atul S. Chandurkar, but could not be taken up due to paucity of time.
At the core of the dispute lie two crucial questions:…
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IMF: Zambia needs bilateral debt relief to secure next payout Reuters
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The latest announcement is out from Hatten Land Limited ( (SG:PH0) ).
Hatten Land Limited has announced the provisional liquidation of its wholly owned subsidiary, Hatten MS Pte Ltd, due to its inability to continue operations because of liabilities. The company has appointed provisional liquidators and scheduled meetings to confirm these appointments. The company’s shares have been suspended since August 2024, and stakeholders are advised to consult professionals regarding their shares.
More about Hatten Land Limited
Hatten Land Limited is a company incorporated in the Republic of Singapore, operating in the real estate and property development industry. It focuses on developing and managing properties, with…