Mumbai: The National Company Law Tribunal (NCLT) on Friday allowed the resolution professional’s plea seeking protection from any action for his inability to immediately take steps under the insolvency code in deceased art director Nitin Desais ND’s Art Worlds insolvency case. In his petition before the NCLT, Nausher Kohli, counsel representing the resolution professional of…
Lavoie, which makes high-end scooters based on McLarens Formula 1 technology, acquired the trendy e-bike brand that had gained a zealous following. VanMoof, the Dutch e-bike maker that gained a zealous following but declared bankruptcy last month, has been acquired by Lavoie, an upscale electric scooter company, the firms announced on Thursday. Riders of the…
As many as 30 councils are at risk of bankruptcy and the UKs local government funding system is completely broken, according to a new survey of the sector. Four councils Slough, Croydon, Thurrock and most recently Woking have declared themselves bankrupt in recent years, but according to a survey of 47 local authorities in the North,…
The National Company Law Appellate Tribunal (NCLAT) is set to hear the IDBI bank‘s plea against Zee Entertainment related to insolvency proceedings on Thursday. “Learned Counsel for Appellant prays for and is allowed a weeks time to file the Additional Affidavit,” said the NCLAT bench, comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra, reported…
The property sector in China, which once accounted for about 30 per cent of the countrys GDP, is deeply connected, not just to its banking system, but its shadow banking sector, or trust industry. The trusts raise funds from households and companies by offering far higher returns than conventional banks (as much as 8 per…
(Bloomberg) — Digital health firm Babylons UK business has been rescued by a US provider of in-home testing kits as part of an insolvency process. Most Read from Bloomberg Babylons UK arm, which provides doctor appointments to private and National Health Service (NHS) patients, has been sold to eMed Healthcare in a move that should…
Traffic Commissioners for Great Britain Published 29 August 2023 Contents 1. Decision of the Traffic Commissioner 2. Introduction 3. The Call to Public Inquiry 4. The Public Inquiry 5. Relevant considerations 6. Decision Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise…
RIGA – Turkish-capital company Liepaja Steel has abandoned the plan to relaunch a metallurgical enterprise in Liepaja and will take the steel melting furnace it bought three years ago to Turkey, Latvian Television (LTV) reported on Monday. According to the LTV report, the company makes no secret of its disappointment over a failure to reach…
Extrusion blow molding equipment company Kautex Maschinenbau GmbH has declared the production site at its headquarters in Bonn, Germany to be insolvent as of Aug. 25, 2023, according to a press release posted on its website. The declaration does not affect the companys operation in Shunde, China. Kautex also said that development of the Bonn site…
Hurricane Idalia is making its way to Florida with an expected landfall tomorrow morning. And with hurricanes, comes property damage and insurance claims. The states property insurance market took a huge hit last hurricane season. Mark Friedlander, with The Insurance Information Institute, said there are new changes that homeowners should pay attention to. Listen to…