French open access co-operative Railcoop heading for liquidation – Railway Technology

Share this article Railcoop had been planning on relaunching services between Lyon and Bordeaux. Credit: trabantos/Shutterstock.com French open-access rail co-operative Railcoop has confirmed reports that it is likely to enter liquidation after a restructuring attempt seemingly failed to address the financial difficulties that saw the venture placed into administration.  While the French courts final decision…

Green behaviour change app Do Nation to enter into voluntary liquidation – BusinessGreen

Green behaviour change platform Do Nation is to cease trading after 14 years in response to challenging economic conditions, increased market competition, and a failure to secure fresh investment, the company’s founder and CEO Hermione Taylor has announced. Writing on LinkedIn last week, Taylor said she had made the “sad decision” to enter the B-Corp…

Tritium 's rapid rise and collapse is over – goes in to administration – @AuManufacturing

By Peter Roberts The once high flying electric vehicle charger manufacturer Tritium DCFC has succumbed to a litany of financial problems, with the appointment of voluntary administrators to its three Australian subsidiaries Tritium Pty Ltd, Tritium Holdings and Tritium Nominee. According to a brief statement to the US Securities and Excgange Commission parent company Tritium…

Dream11 gets relief from Insolvency Resolution Process – The Economic Times

New Delhi: The National Company Law Appellate Tribunal on Thursday granted relief to Sporta Technologies, the parent company of Dream11, freeing it from the corporate insolvency resolution process (CIRP) rejecting a petition by Reward Solutions.NCLAT concluded that the default date for the debt squarely fell within the timeline of Section 10A of the Insolvency and…

NCLAT sets aside insolvency process against Dream 11's parent – Moneycontrol

NCLAT sets aside Dream 11’s insolvency The National Company Law Appellate Tribunal (NCLAT) on April 18 set aside the corporate insolvency resolution process against Sporta Technologies, parent company of leading fantasy gaming platform Dream 11 and restored it to its pre-insolvency stage. The NCLAT held that the National Company Law Tribunal (NCLT) could not have…