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Mayer & Cie., the long-established German manufacturer of circular knitting and braiding machines, has filed for insolvency under self-administration at the Hechingen District Court. The application was submitted on 23 September 2025, with the company emphasising that business operations will continue during the restructuring process.
Founded in 1905 and owner-managed in the fourth generation, Mayer & Cie. recently celebrated its 120th anniversary. The company employs around 280 people at its Albstadt headquarters, with salaries secured for three months through the German insolvency benefit scheme. Almost all of its machines are exported and remain highly regarded by textile manufacturers worldwide.
Mayer & Cie., the long-established German manufacturer of circular knitting and braiding machines, has filed for insolvency under self-administration at the Hechingen District Court. The application was submitted on 23 September 2025, with the company emphasising that business operations will continue during the restructuring process.
Founded in 1905 and owner-managed in the fourth generation, Mayer & Cie. recently celebrated its 120th anniversary. The company employs around 280 people at its Albstadt headquarters, with salaries secured for three months through the German insolvency benefit scheme. Almost all of its machines are exported and remain highly regarded by textile manufacturers worldwide.
There wasn’t enough water in the ocean to keep lawmen from netting a man they say jumped off a cruise ship to escape having to pay off a $16,000 gambling debt.
Jey González Díaz was riding aboard Royal Caribbean’s Rhapsody of the Seas near the Port of San Juan in Puerto Rico when authorities say he got the idea to steal himself some unexpected shore leave by bailing on the boat after racking up a hefty gambling debt in the ship’s casino, according to CBS News.
The passenger’s plan was all wet, they say — because video footage shows people on jet skis fishing the guy out of the water and reeling him in to shore.
United States Disrict Court for The District of Puerto Rico
Customs and Border Protection officers in Puerto Rico…
At today’s High-Level Event on Financing #AUSSOM on the sidelines of #UNGA80, co-convened by the Government of #Somalia, the AU, the @UN, & the United Kingdom, the Chairperson of the African Union Commission, H.E. Mahmoud Ali Youssouf, commended Somalia’s remarkable progress; from debt relief to UN Security Council membership, as well as the sacrifices of AU forces & partners.
He cautioned, however, that despite these gains, fragility persists, Al-Shabaab continues to threaten peace, & Somalia cannot shoulder this burden alone.
He underscored that AUSSOM will require $196 million in 2025. The AU has already doubled its contribution to the Peace Fund to $20 million, demonstrating Africa’s resolve. Yet without urgent, predictable,…
Martine McCutheon isn’t ready for cosy seasons just yet. The former EastEnders actress has shared a chic topless snap with her fans as she dreams of another holiday after a tough year
Martine McCutheon is missing summer already
Martine McCutheon isn’t too happy to see the back of summer. This morning, the former EastEnders actress shared an online plea for more sun.
The mum-of-one, 49, took to social media to share a topless snap as she mourned the sunny days coming to an end. Posing in black bikini bottoms and a phone cleverly concealing her bare chest, Martine told her Instagram followers: “Take me back to the sun and sea…”
“This lady needs her vitamin D.” The Love Actually actress added a string of summer-related emojis to her saucy…
The ruling underscores the obligation of government agencies, including the IRB, to comply strictly with winding-up procedures when dealing with liquidated companies. – Photo by Chimon Upon
KUCHING (Sept 25): The High Court here has allowed a judicial review application by Harvard Master Sdn Bhd, quashing tax assessment notices issued by the Inland Revenue Board (IRB) totalling RM7,999,029.49.
Judge Leonard David Shim on Wednesday issued an order of certiorari to quash the assessments, ruling that if the IRB wished to pursue its claim, it must apply to the liquidator for an extension of time to file a proof of debt (POD) and comply with liquidation…
ALBSTADT, Germany — September 25, 2025 — On 23 September 2025, Mayer & Cie., a manufacturer of circular knitting and braiding machines in Albstadt, filed an application for the opening of insolvency proceedings in self-administration at the Hechingen District Court.
Headquarters of Mayer & Cie. in Albstadt.
Mayer & Cie. specializes in the manufacture and sale of circular knitting and braiding machines, almost all of which are exported and are valued by textile manufacturers worldwide. The company is owner-managed in the fourth generation and recently celebrated its 120th anniversary. Mayer & Cie. employs around 280 people at its headquarters in Albstadt. Their wages and salaries are secured for three months via…
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Educomp Solutions Limited ( (IN:EDUCOMP) ) has shared an update.
Educomp Solutions Limited has announced the publication of its audited standalone financial results for the quarter and year ending March 31, 2025, in compliance with SEBI regulations. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) under the supervision of a resolution professional, following an order by the National Company Law Tribunal (NCLT). The resolution plan has been approved but not yet implemented, and contempt proceedings have been…
FMQs: Scottish Government must wipe ‘toxic’ council tax debt to help families in poverty
The Scottish Government must support changing the law and wiping ’toxic and unpayable’ council tax debt as part of their efforts to end child poverty in Scotland, says Scottish Greens co-leader Ross Greer MSP.
Speaking at First Minister’s Questions, Ross raised the following question:
“Yesterday the First Minister said it is our moral imperative to eradicate child poverty. He is right to highlight that Scotland is the only part of the UK where child poverty is decreasing.
“But one in five children here still live in poverty. One in five…
In a recent ruling, the Supreme Court has refused to interfere with the Gujarat HighCourt’s decision confirming the decision that no fresh income tax claims or reassessment proceedings can be initiated once a resolution plan under the Insolvency and Bankruptcy Code (IBC), 2016 is approved.
The respondent in the SLP, Ausil Corporation, was issued with reassessment notices issued under Sections 148 and 148A(d) of the Income Tax Act, 1961 for Assessment Year 2015-16.
The company, however, which had gone through the Corporate Insolvency Resolution Process (CIRP), argued that such notices were untenable as the Income Tax Department had already filed its claim of ₹1.26 crore during CIRP, which was duly verified and…
