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Headlines
Number of U.K. Companies Hit by Critical Financial Distress Surges, Study Says
The number of U.K. businesses in critical financial distress soared in the third quarter, reflecting tax increases, inflation and a challenging economic backdrop, according to a new study, the Wall Street Journal reported. The…
BMZ German Divisions Enter Insolvency Due to Loss of Major Energy Storage Client
Polish battery manufacturer BMZ has announced the insolvency of two German subsidiaries: BMZ Germany GmbH and BMZ Holding GmbH, both headquartered in Karlstein am Main. As reported by the trade agency electrive, citing an…
NCLAT Restraints Raheja Developers to Create Third Party Rights on Assets
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT), Delhi, has restrained Raheja Developers from creating third-party rights by selling units or land, the Economic Times of India reported. “It is clarified…