Once India's biggest startup, Byju's faces insolvency proceedings – Reuters
Once India’s biggest startup, Byju’s faces insolvency proceedings Reuters Read the original article here
NC hospitals join patient-debt relief program | Local News
All qualifying North Carolina hospitals have agreed to participate in a first-of-its-kind initiative that could help low- and middle-income patients get rid of billions of dollars in debt. The initiative will give the hospitals higher Medicaid payments if the medical debt of low- and middle-income patients is relieved and they carry out ways for future…
How Byju’s went from startup star to facing insolvency
Here is an overview of Byju’s and its troubles: WHAT TRIGGERED THE INSOLVENCY? The Board of Control for Cricket in India (BCCI) last year asked a tribunal to initiate insolvency proceedings against Byju’s for defaulting on $19 million of dues. The dispute is over payments related to sponsorship rights for the Indian cricket team’s jerseys. The two sides had settled the matter, with Byju’s agreeing to pay…
Major builder Stevens Construction goes into liquidation
A major developer which built apartments for John Singleton and supermarkets for Woolworths has been placed into liquidation less than two months after it collapsed. NSW Central Coast-based builder Stevens Construction was established in 2006 but went into voluntary administration in May, leaving 10 projects in limbo. In a press release published on its website…
Man Who Went Overboard Had $4000 Casino Debt
The family has raised questions after a father of three went overboard from a cruise ship after losing $9,000 over two nights on the P&O Pacific Adventure. Shane Dixon, 50, first lost $5,000, then borrowed money off his mother and lost another $4,000. Dixon’s family maintained he was lured by high-roller incentives into losing the…
“Sad day:” EV fast-charging company Tritium says it is insolvent, receivers to seek buyers
The troubled Australian electric vehicle fast charging company Tritium is facing financial collapse after its directors declared it to be insolvent, calling in voluntary administrators while its lenders also appointed a receiver to take control of the assets and seek buyers. In a statement issued overnight to the Nasdaq stock exchange in New York, where…
Billson’s Brewery collapses after almost 160 years in business
Australian beverages brand Billson’s has plunged into voluntary administration as a perfect storm of challenges strikes independent brewers. Husband-and-wife team Nathan and Felicity Cowan, who ran the historic brewery in Beechworth, northeast Victoria, are devastated by the collapse of the company which was founded in 1865. The couple blamed the downfall of the ready-to-drink canned vodka,…
NC hospitals join patient-debt relief program | Local News
All qualifying North Carolina hospitals, including Alamance Regional Medical Center and others in the Cone Health network, have agreed to participate in a first-of-its-kind initiative that could help low- and middle-income patients get rid of billions of dollars in debt. The initiative will give the hospitals higher Medicaid payments if the medical debt of low-…
Fisker Is Bankrupt and Your Ocean SUV Could Become an Orphan
It’s officially official: Fisker has filed for bankruptcy, according to Reuters, and will begin to sell its assets and restructure its debt. This is only four months after owner, Henrik Fisker, began to signal that the company would potentially file sooner rather than later unless a large OEM stepped up to help it remain in…
GVK Power and Infrastructure faces insolvency proceedings on loan default | Company News
Senior counsel K Vivek Reddy, representing ICICI, referenced a London court judgment from October of the previous year to support the insolvency proceedings against GVKPIL. 3 min read Last Updated : Jul 16 2024 | 11:43 PM IST GVK Power and Infrastructure Ltd (GVKPIL) will face insolvency proceedings for failure to pay loans to…