Studebaker goes bankrupt | March 18, 1933

Albert Erskine (1871–1933) assumed the top job at Studebaker in 1915. Under his leadership, the company acquired luxury automaker Pierce-Arrow in the late 1920s and launched the affordably priced but short-lived Erskine and Rockne lines (the latter named for the famous University of Notre Dame football coach: Before his death in a plane crash in…

IBBI Mandates Carry-Forward Loss Disclosure in Insolvency: Rediff Moneynews

The IBBI has made it mandatory for insolvency professionals to disclose carry-forward losses in the Information Memorandum during the insolvency process. This aims to provide potential resolution applicants with a comprehensive understanding of the corporate debtor’s financial position. New Delhi, Mar 19 (PTI) The IBBI has mandated insolvency professionals to disclose details of carry-forward losses…