The CIGS thin-film specialist employs 160 people in Germany. Business operations will continue with no disruption for the time being. February 10, 2021 Ralph Diermann Nice Solar Energy shareholder Manz, supplies turnkey CIGS production lines. Image: Manz AG From pv magazine Germany Germany-based Nice Solar Energy has opened the proceedings for self-administered insolvency at the…
DetailsLenders to Kishore Biyanis Future Group are planning to proceed with the restructuring of the debt owed by group companies under the Reserve Bank of Indias one-time restructuring scheme, three people with direct knowledge of the matter said. Lenders led by State Bank of India have asked for restructuring plans to be submitted so they…
DetailsPakistan plans to ask China for relief on payments for power projects Beijing financed over the past eight years, the latest developing nation thats struggling to repay debt under President Xi Jinpings Belt and Road Initiative. In informal talks, Pakistan and China have discussed easing terms on the repayment of debt on about a dozen…
DetailsThe founder of debt relief charity Christians Against Poverty (CAP) is stepping back from his role, 25 years after the organisation was set up. The Archbishop of Canterbury, the charitys patron, described CAP founder John Kirkby as having a passion for financial justice. The organisation was founded in Bradford, Yorkshire, in August 1996 and works…
DetailsBy Wayne Robinson | 10 February 2021 Luke Knights Adelaide sign printer Swift Signs is being liquidated, three months after it went into voluntary administration. Bucked off: Swift Signs in liquidation Swift was hit by a winding-up order from the ATO in October after failing to pay its tax bill, with the order coming on…
DetailsBusiness Standard The journey of a pre-pack starts with an informal understanding, engages stakeholders, and ends with a judicial blessing of the outcome TopicsInsolvency and Bankruptcy Code|Banking sector The pre-packaged scheme, touted as the next stage in the evolution of the Insolvency and Bankruptcy Code (IBC), 2016, will attempt a balancing act, as lawmakers put…
DetailsLandlords getting tough with so-called rent rebels could force 5,834 companies out of business and trigger 326m-worth of insolvent debt that further decimates city centres. That is according to analysis from Stockport-based insolvency scorecard Red Flag Alert. Concerns are mounting that April will see companies fighting for survival after a COVID-19 moratorium on evictions ends…
DetailsPakistan plans to ask China for relief on payments for power projects Beijing financed over the past eight years, the latest developing nation thats struggling to repay debt under President Xi Jinpings Belt and Road Initiative. In informal talks, Pakistan and China have discussed easing terms on the repayment of debt on about a dozen…
DetailsTHOUSANDS of people across England and Wales are being forced into bankruptcy because they do not meet the threshold for a Debt Relief Order (DRO), which is significantly cheaper, Christians Against Poverty (CAP) has estimated. The national debt charity works through its network of more than 580 churches in the UK to provide debt advice…
DetailsThe High Court has declined to approve a Personal Insolvency Arrangement (PIA) that would have allowed a car sales executive to write off approximately190,000 in debt mainly owed to financial institutions. The PIA was sought in respect of Keith Cremin of Subulter, Cecilstown, Mallow, in County Cork. He owed money to Pepper Finance Corporation DAC,…
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