Vasupal appeals against Stayzilla insolvency – Times of India

TNN | Oct 12, 2017, 04:00 IST Chennai:Yogendra Vasupal, cofounder of beleagured home stay startup Stayzilla, has filed an appeal with National Company Law Appellate Tribunal, after insolvency proceedings were initiated against it by the National Company Law Tribunal, Chennai bench, by advertising agency Jigsaw Solutions. Challenging the NCLT’s order, Stayzilla’s petition said, “It is…

Sigma Designs, Inc. Announces Major Restructuring Actions to Accelerate the Return to Profitability – GlobeNewswire (press release)

FREMONT, Calif., Oct. 11, 2017 (GLOBE NEWSWIRE) — Sigma Designs, Inc.® (NASDAQ:SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Connected Smart TV Platforms and Internet of Things (IoT) Devices, today announced restructuring activities intended to refocus its operating expenses and accelerate the return to profitability. These actions, which will focus on streamlining the…

Insolvency board drafts rules for repayment plan – Economic Times

NEW DELHI: The working group constituted by the Insolvency and Bankruptcy Board of India has laid out draft regulations for repayment plan for individuals and firms declaring insolvency, providing a framework for resolution of personal insolvency. According to the draft regulations, the plan should include among other things the duration of repayment, implementation schedule and…

Giorgio Armani Speaks on Restructuring Strategy and Succession Plans – The Business of Fashion

ITALY, Milan  On Wednesday evening, Giorgio Armanis niece and brand ambassador Roberta Armani is throwing a party in Chelsea with Gen-Z DJ and campaign star Martin Garrix to celebrate A|X Armani Exchange, the moderately priced collection that recently underwent a bit of a transformation. New Energy. Same Spirit, the invites tagline reads, indicating that while the…