Insolvency Guardian Media Centre
Solar glass manufacturer Borosil Renewables has announced that its step-down German subsidiary, Glasmanufaktur Brandenburg (GMB), has filed for insolvency under the German Insolvency Code before the jurisdictional court in Cottbus.
The company said it filed for insolvency due to the sustained deterioration in the European solar manufacturing ecosystem, with Chinese manufacturers flooding the market with underpriced solar modules. The influx of the cheaper Chinese components led several European module makers to shut down, resulting in a sharp decline in demand for solar glass.
GMB, which has a manufacturing capacity of 350 tons per day (TPD), was supplying solar glass to European manufacturers. Despite providing financial support of…
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A few years ago, it seemed like the dream of widespread student debt forgiveness was alive and well. And although the hopes of millions of borrowers across the country have since been dashed, there are moves that employers can make to help workers toiling under the burden of defaulted loans and garnished wages.
Student loan borrowers were able to take advantage of a repayments pause when the COVID pandemic began in 2020, but that expired in September of 2023. That same year, the Supreme Court struck down then-President Biden’s decision to cancel up to $20,000 in debt for qualified borrowers. And in May of 2025, a five-year reprieve for student loan borrowers who were in default on their loans expired. That means that…
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1. Data sources and data validation
Individual-level company insolvency data for England and Wales, Scotland
and Northern Ireland were sourced from Companies
House
(except for compulsory liquidation data for England and Wales and
Northern Ireland, see below). Companies House conducts a series of basic
checks on the data, including the removal of duplicate records, prior to
supplying the Insolvency Service with monthly snapshots of data to
compile company insolvency statistics. Note that Companies House does
not verify the accuracy of all information filed, as outlined in their
disclaimer published on the Gov.uk
website.
Company moratorium and restructuring plan data are also sourced from
Companies House.
Aggregate data for…
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Lenders reject Jaypee Infratech’s bid to acquire bankrupt Jaiprakash Associates Ltd (JAL). Five other companies submitted resolution plans. JAL’s assets include real estate, cement, and hospitality.
Five companies — Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech — have submitted their resolution plans to acquire JAL.
However, lenders of JAL, on June 25, had rejected the resolution plan of Suraksha Group-owned Jaypee Infratech Ltd as the bid was submitted late and without earnest money.
According to sources, Jaypee…
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Jovian Mandagie declared bankrupt over RM5.28 million ‘friendly loan’ MSN
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…
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Auckland University’s only bookstore set to close after going into liquidation Stuff
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The Insolvency Practitioner recruitment crisis: will this lead to more claims? Howden Insurance
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New Delhi, Jul 7 (PTI) Borosil Renewables on Monday announced that its German subsidiary GMB Glasmanufaktur Brandenburg GmbH has filed for insolvency under German Insolvency Code (InsO) before the jurisdictional court at Cottbus.
Borosil Renewables Ltd is listed on the BSE as well as the NSE.
The decision follows a prolonged period of deteriorating market conditions in the European solar manufacturing ecosystem and reflects the company’s intent to sharpen strategic focus on the rapidly growing Indian solar sector, the company said in a statement.
Borosil Renewables Ltd has announced that its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, has filed for insolvency under German Insolvency Code (InsO) before the jurisdictional…