The announcement was made in the midst of the companys restructure following its self-administered insolvency proceedings, owing to a high rise in energy costs and procurement prices for raw materials. Job losses According to Heiner Kayser, MD, Feldmuehle, by discontinuing the production of graphic papers its paper machine 2 will be shut down and there…
DetailsFersun Limited was incorporated in March 2011 and this was the first company operated by Songnan Sun (32) having researched the market for two years. Initially the company specialised in repairs of mobile phones but as the business grew, the Glaswegian boss expanded the companys activities into the wholesaling of mobile phone accessories and parts,…
DetailsDear Sir / Madam, We would like to inform you that meeting of 19th Committee of Creditors of ABG Shipyard Limited is scheduled to be held on Monday, 17th December 2018 at 02:30 P.M. IST at BDO India LLP, Level 9, The Ruby, North West Wing, Senapati Bapat Road, Dadar (W), Mumbai 400028, INDIA. You…
DetailsAnil Ambani-led Reliance Communications could be staring at insolvency as the Supreme Court on Thursday declined to grant it two weeks extra time to clear the Rs 5.5-billion dues of Ericsson. The deadline for the said repayment ends December 15. The refusal by the top court to grant more time…
DetailsHelping UAE residents resolve their debt issues has been the mission of The Debt Panel from its launch in April 2016. Since then our experts have offered financial advice to over 130 debtors to help those struggling with chronic liabilities find a way out of their financial mess. But what happens after the advice is…
DetailsHYDERABAD: Making it clear that Andhra Pradesh would not be able to reach out to farmers in distress with its non statutory bodies like Farmers Federations, the Hyderabad high court on Wednesday sought to know from the state of AP by Tuesday whether it would set up a state level farmers debt relief commission for…
DetailsAdherium Limited (ASX: ADR) operates in the business segment of digital health technology providing technologies for medication use and remote patient management in chronic diseases. The companys Hailie solution has proven to be very effective and improve medication adherence and health results for patients who are suffering from various chronic respiratory diseases. The company has…
DetailsHYDERABAD: The National Company Law Tribunal ordered the liquidation of Nagarjuna Oil Corp, nearly 17 months after initiating corporate insolvency resolution proceedings at the company, saying that lenders had not accepted the proposals made by various prospective investors. Haldia Petrochemicals, Bharat Petroleum, Gulf Petrochem and Citax Energy DMCC had submitted resolution proposals since the insolvency…
DetailsThe Gen Z bosses of an Aussie app developer once hailed as the next Apple say they are absolutely devastated after the company collapsed into liquidation on Friday. Appster, founded by Melbourne teens Josiah Humphrey and Mark McDonald in 2011 using just $3000 in savings, made headlines over the years for its rapid growth and…
DetailsGerman heavy lift company Hansa Heavy Lift has filed for insolvency with the Hamburg District Court amid challenging market conditions. The decision was allegedly triggered by the companys US-based investor Oaktree Capital Management on Monday, December 10. Due to an extremely challenging operating environment in the global shipping industry, Hansa Heavy Lift filed for insolvency…
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