(Bloomberg) — Bankrupt genetic testing firm 23andMe Holding Co. won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the insolvency case — and has become a source of privacy and safety concerns amid the company’s collapse. Most Read…
Business conglomerate Vedanta Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group’s flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, through an order…
THE growing trend of individuals voluntarily declaring themselves bankrupt in Malaysia has become a significant concern, reflecting the financial struggles many are facing in the country. In a recent statement, Director-General of the Insolvency Department Datuk M Bakri Abd Majid revealed a sharp 200 percent increase in self-declared bankruptcy cases over the past year. In…
A coalition of Santa Maria Valley churches united to eliminate $1.8 million in medical debt for 1,679 residents across Santa Barbara County. The 12 local churches whose leaders make up the Pastors’ Network of Santa Maria Valley joined forces to bring financial relief to neighbors burdened by medical expenses. Partnering with Undue Medical Debt, a…
Insolvency DG Warns Of Rising Trend In Self-declared Bankruptcy BERNAMA Read the original article here
Insolvency DG Warns Of Rising Trend In Self-declared Bankruptcy BERNAMA Read the original article here
The National Company Law Tribunal (NCLT) Mumbai bench of Hon’ble Reeta Kohli (Judicial Member) and Hon’ble Madhu Sinha (Technical Member) has held that an insolvency application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (the Code) against the corporate guarantor of the corporate debtor cannot be admitted unless the delivery of the demand-cum-guarantee…
Facing over a billion dollars of debt, the Hudson’s Bay Company has begun its liquidation process. An Ontario court gave the centuries-old retailer its blessing to sell off remaining stock at almost all its 96 stores. But as Liam Britten reports, bargain hunters might need to wait to find the best deals. Read the original…
Open this photo in gallery: Hudson’s Bay in Park Royal shopping centre in West Vancouver, B.C. on March 27.Isabella Falsetti/The Globe and Mail A proposed agreement that would have given Hudson’s Bay Co.’s senior lenders the ability to control the retailer’s restructuring has been struck down by the court – introducing the possibility that those…
Event Senegal’s fiscal stability and debt sustainability came under severe pressure following the publication of the Court of Auditors’ report on 12 February. The report confirmed the former government underreported fiscal deficits and government debt during the period from 2019 to 2023. It also revealed Senegal has very restricted fiscal space and high financing needs.…