Edtech major Byju’s finds itself in yet another legal tangle. After its insolvency proceedings were reinstated in October last year, a new twist emerged when Resolution Professional (RP) Pankaj Srivastava removed two key creditors—Aditya Birla Finance and U.S.-based Glas Trust Company LLC—from the Committee of Creditors (CoC). The decision was swiftly challenged in the Supreme…
By Market Capitalisation.Net Sales.Net Profit.Total Assets.Excise.Other Income.Raw Materials.Power & Fuel.Employee Cost.PBDIT.Interest.Tax.EPS.Investments.Sundry Debtors.Cash/Bank.Inventory.Debt.Contingent Liabilities. Screen Crit AbrasivesAerospace & DefenceAgricultureAir ConditionersAirlinesAluminium & Aluminium ProductsAmusement Parks/Recreation/ClubAquacultureAuto AncillariesAuto… Read the original article here
RBI Initiates Insolvency Proceedings Against Aviom India Housing Finance BW Businessworld Read the original article here
Bruno Mars responds to debt rumors after breaking Spotify streaming records Inquirer.net Read the original article here
“The global rise in business insolvencies is a particular focus of concern, with companies and leaders exposed to potential claims from lenders seeking to recover funds, or from shareholders who allege breach of fiduciary duty,” said Maxwell. “At the same time, the litigation landscape and enforcement are increasingly stringent, and we are seeing regulatory bodies…
Bensons possibly insolvent as far back as 2023 The Australian Read the original article here
Liberated Brands began liquidation sales at its U.S.-based retail fleet Thursday, including many Volcom, Quiksilver, Billabong, Honolua and RVCA stores. The company is working with retail liquidation experts Gordon Brothers on the process, SESO has learned. Liberated operates about 100 stores in the region after adding former Boardriders-owned stores to its existing Volcom store fleet.…
KAIJU! Beer have emerged from voluntary administration after creditors unanimously approved a Deed of Company Arrangement put forward by the founders. It means Callum and Nat Reeves will keep control of the brewery they launched with their family, with Callum saying in a media statement that they were excited about the opportunities ahead for the indie brewery. …
Public debt management OECD Read the original article here
A COALITION of 20 charities is lobbying the Government to introduce a debt-cancellation scheme for lower-income countries in the Roman Catholic Church’s Jubilee Year. In a letter published this week, Christian Aid, Debt Justice (formerly Jubilee Debt Campaign), and other charities argue that high debt-servicing costs are preventing global-South governments from investing in “vital public…