A staggering 2,349 constrcution firms have collapsed in the past year – with fears more may fall soon. A “perfect storm” of high interest rates, soaring material costs and an ongoing worker shortage across the Aussie industry have sent tradies into freefall. Insolvencies in the construction industry have reached an annual record this year, according…
EY-Parthenon teams were appointed as insolvency administrators in March 2021. From the start, a unique aspect to this engagement was the media attention. Given the size and impact of this bankruptcy, this was a hurdle both Abengoa and EY-Parthenon had to overcome and engage with regularly throughout the process. Loan requests Initially, the EY-Parthenon teams…
NCLT has allowed Jammu & Kashmir Bank’s plea for default of a corporate guarantee. (Representative image) 3 min read Last Updated : Jun 09 2024 | 10:47 PM IST The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Himalayan Mineral Waters, allowing Jammu & Kashmir Bank’s plea for default of a…
Whilst barely a fortnight goes by when a well-known Australian company doesn’t bite the bullet to stay afloat these days, recent statistics revealed by the corporate regulator paint a grim picture of the situation with a 36 per cent spike in the number of businesses that entered voluntary administration in the nine months to 3https://www.businessnewsaustralia.com/1…
New Delhi: The Bengaluru bench of the National Company Law Tribunal (NCLT) Tuesday allowed the Board of Control for Cricket in India’s insolvency plea against ed-tech firm Byju’s parent company Think and Learn Pvt Ltd for defaulting on Rs 158.9 crore. BCCI moved against Think and Learn after their Indian cricket team’s jersey sponsorship deal fell…
Corporate and personal insolvencies both fell, during the month of July, compared with the previous month, new insolvency statistics reveal. However, on a year-on-year basis, the news was not as cheery, The level of corporate failures decreased by 7.3% in England and Wales to a total of 2,191 compared with June’s total of 2,363, and…
Byju’s, which offers services in 21 countries and has 150 million students as members, typically prices its programmes from $100 to $300, many sold on loans | (Photo: Reuters) 4 min read Last Updated : Aug 22 2024 | 1:36 PM IST The insolvency of Indian education technology company Byju’s threatens to be the…
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BENGALURU/NEW DELHI : The insolvency of Indian education technology company Byju’s threatens to be the biggest upset in a celebrated startup sector, unleashing a long battle by thousands of panic-stricken employees to recover dues and protect their careers. Once a darling of global investors, valued at $22 billion in 2022, Byju’s became popular by offering…
‘Anxiety in WhatsApp groups, struggling to pay bills’: Byju’s insolvency case fans fears of employees Moneycontrol Read the original article here