Aakash calls for probe into Byju’s insolvency

BENGALURU: Billionaire Ranjan Pai-backed Aakash Educational Services (AESL) has approached the National Company Law Tribunal seeking an inquiry into alleged discrepancies within the insolvency resolution proceedings of Byju’s parent Think & Learn. The company has urged the tribunal to direct the Insolvency and Bankruptcy Board of India to investigate the conduct of key parties involved…

Hudson’s Bay receives court approval for revised liquidation plan, excludes six locations

Hudson’s Bay Company began liquidation sales on Monday, while temporarily excluding six stores from the initial process. Hudson’s Bay receives court approval for revised liquidation plan, excludes 6 locations. – Hudson’s Bay The Canadian retailer received court approval on Friday to move forward with a revised liquidation plan as part of its ongoing Companies’ Creditors…

DNA for sale as gene testing company files for chapter 11

23andMe, which provides medical and ancestry-related genetic testing, has filed for bankruptcy after it was unable to find a buyer to rescue it from insolvency proceedings and the board of directors rejected a buyout offer from co-founder Anne Wojcicki. Despite collecting DNA from saliva samples from more than 15 million customers, the company hasn’t been…