Van Hool has been declared bankrupt by the Commercial Court of Mechelen and its coach and bus activities are to be purchased by VDL Groep, it has been confirmed. The news brings an end to weeks of intense speculation around the future of the Belgian manufacturer, which in March published a recovery plan in recognition…
Photo-Illustration: by The Cut; Photos: Getty Images This week, The Times U.K. reported that Kate Middletons parents, Carole and Michael Middleton, are hundreds of thousands of pounds in debt stemming from the sale of their childrens-party-supplies company, Party Pieces. The news comes less than a month after the Princess of Wales shared in a video…
A15LE E battery-electric bus (Photo: Van Hool) Belgian bus OEM Van Hool has been declared bankrupt by the Commercial Court of Mechelen, a court in Belgium which deals with commercial litigation. According to media reports the company had accumulated a debt of 400 million. This was further compounded by a family inheritance dispute over shares…
West Flemish businessman Guido Dumarey has made a new bid for the bankrupt bus manufacturer Van Hool. He is joining forces with a US company ABC Companies, Van Hool’s biggest customer in the United States. He also launched a bid last month, but later withdrew that proposal. Monday morning it was officially announced that bus…
On February 13, the NCLT extended the deadline to complete CIRP to April 4. (Representational) Insolvency tribunal NCLT on Monday once again extended the deadline to complete the resolution process of grounded airline Go First by another 60 days. This is the third extension given to Go First by the National Company Law Tribunal (NCLT)…
Katie Price pictured with her new man JJ Slater. (Getty) The Mucky Mansion has been a big part of Katie Price‘s life and the property has hit headlines over the years from break-ins and a rat invasion. Price was recently declared bankrupt again and now it is rumoured she could be leaving the place she…
The National Company Law Tribunal (NCLT) on Monday granted another 60-day extension to Go First to complete its insolvency process. The recent extension by the NCLT was based on a Supreme Court judgement in the Essar Steel case, which allows extensions under exceptional circumstances. This is the third extension sought by Go First. The NCLT…
Bus manufacturer Van Hool has been declared bankrupt. The information has been stated by the manufacturer itself this morning, 8th April, and the topic got high attention on local media, in particular from De Standaard. The company is set to be taken over by Dutch VDL and German Schmitz Cargobull, but together they would only…
NEW DELHI : In an attempt to revive bankrupt airline Go First, the National Company Law Tribunal (NCLT) on Monday approved another 60-day extension for its moratorium, aiming to give the airline additional time to finalize its corporate insolvency resolution process (CIRP). The extension will be effective 4 April to 3 June, and has been…
Bankrupt glamour model Katie Price is reportedly turning her sights north, with plans to offload her infamous Mucky Mansion. The 45-year-old found herself declared bankrupt for a second time last month due to an outstanding tax bill exceeding 750,000. This follows a previous bankruptcy declaration in 2019, when she faced debts amounting to 3.2 million.…