Ganapati continues to spiral around the globe, as new documents confirm their troubles in Estononia. Documents obtained by CalvinAyre.com confirm Ganapati NEO Estonia OÜ filed for bankruptcy on May 27, 2020, with proceedings now nearly reaching their end.

In the document from the Harju County Court, dated from August 10, the court resolved to terminate the hearings due to the extinction of the company. They outlined Ganapati’s situation locally going into the bankruptcy:

“The debtor has obligations at least EUR 672 149.70 ($792,333) and assets EUR 521 238.65 ($614,438.73). The reason for insolvency is the recession caused by the coronavirus. The debtor considers himself to be permanently insolvent and asks declare bankruptcy.”

The court agreed with Ganapati’s given reason for bankruptcy. “The insolvency developed in March 2020 at the latest,” the document shows.