Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
CARMAT (FR0010907956, ALCAR), designer and developer of the world’s most advanced total artificial heart, aiming to provide a therapeutic alternative for people suffering from advanced biventricular heart failure (the “Company” or “CARMAT”), today announces filing for insolvency1 and requesting to be placed in receivership2 to the Versailles Economic Affairs Court3, as well as the suspension of CARMAT shares trading, starting June 30, 2025, before stock market opening.
Insolvency filing and request to be placed in receivership On June 20, 2025, CARMAT announced in a press release being at risk of insolvency as early as the end of June 2025 unless managing before then, to secure additional cash of at least…
A troubled NSW coal mine has plunged into receivership and administration just months after it reopened following years of disuse.
Dartbrook Mine, an underground thermal coal joint venture in the Hunter Valley, had sat empty since 2006 until it was revived at the end of last year.
Its owner, ASX-listed Australian Pacific Coal, last month failed to meet its obligations for a $174 million loan to key backer Vitol, a Singapore-based commodities giant.
Australian Pacific Coal has now called in administrators from Deloitte and requested an “immediate” trading suspension on the stock market.
Vitol has since appointed receivers, insolvency firm FTI Consulting, to claw back its millions.
The mine had clocked up losses of $47 million and made less…
In a recent case, the Madras High Court directsed the official liquidator to value the building through ITCOT within 60 days while a dispute over the ownership of property arose during the liquidation process under company law.
Sale notice dated 15.07.2012 was issued by the Official Liquidator for sale of six lots of property (Lot-A to Lot- F) of Pioneer Feeds & Poultry Products (P) Ltd., the company in provisional liquidation. Lot-E pertained inter alia to an extent of 4.79 acres of land in S.F.Nos.79/1, 79/2, 79/3 and 79/4 (corresponding to old Survey No.196 and Re-survey No.79) at Modachur Village, Gopi Taluk, Erode District, and forms the subject of these applications.
Dunedin’s stadium will need more help to reduce debt before the end of its operational life, the Dunedin City Council has been told.
At Monday’s council meeting, Cr Lee Vandervis asked what the plan was to pay back council-owned company Dunedin Venues Management Ltd (DVML) debt’s associated with Forsyth Barr Stadium.
Dunedin City Holdings Ltd chairman Tim Loan said consultants had been working with the council to develop a long-term model for the stadium, including at the end of its lifetime which was estimated to be 2060.
“We’re wanting to ensure that, at that point in time, the level of debt that council has is not in excess of the value of the land and working through what would be required in terms of debt repayment between…
Eighty percent of Americans are concerned about affordability of everyday living costs regardless of income level, according to consumer research from Equitable.
And that was before the stock market took a plunge and tariffs shot up, both of which could kickstart another period of high inflation.
With key purchases and even necessities increasingly out of reach, going into debt might seem likely.
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