BENGALURU: Granting limited indulgence, Karnataka high court on Thursday issued an interim order directing the resolution professional in the M/s Think and Learn Pvt Ltd (Byju’s) case to preserve all email communications between stakeholders in the case. The court said these emails may be required for the Corporate Insolvency Resolution Process or any related investigation.…
(TheNewswire) VANCOUVER, B.C. April 11, 2025– TheNewswire – HighbankResources Ltd. (the “Company”) (TSX.V – “HBK”) This news release isformal notice that Highbank Resources Ltd. has filed a CorporateAssignment in Bankruptcy effective April 10, 2025 under section 49 ofthe Bankruptcy and InsolvencyAct. The Company isunable to address any current significant losses nor any furtherobligations as they become due.…
By Tessa Gervasini Washington, D.C. Newsroom, Apr 11, 2025 / 15:52 pm The U.S. Conference of Catholic Bishops (USCCB) and Jubilee USA Network this week sent a letter to President Donald Trump urging him to pursue global debt relief initiatives that will economically serve both developing countries and the United States. In the letter, Bishop…
Justice Nagaprasanna noted that the other prayers in the petition, including the minutes of the Committee of Creditors (COC) held on April 8, 2025, have to be placed before the appropriate authority. Ambarish B Last Updated : 11 April 2025, 19:52 IST Follow Us : Comments Read the original article here
New Delhi | Mumbai: Assessing officials continue to raise fresh tax demands on companies coming out of corporate insolvency, defying the ‘clean slate’ provision provided under the Insolvency and Bankruptcy Code (IBC) and multiple court rulings, throwing successful resolution applicants into legal limbo. Several such companies have faced tax demands over pre-acquisition liabilities, and have…
As of March 2025, the focus of the news release on bankruptcies will be on the changes compared to a year earlier and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the…
Jetline Travel enters administration itij.com Read the original article here
Filing for bankruptcy can inspire shame and discomfort, but it’s really just a legal, and sometimes necessary, debt-relief tool to help people get back on firmer financial footing. Find Out: Suze Orman Says If You’re Doing This, You’re ‘Making the Biggest Mistake in Life’ Read Next: Here’s the Minimum Salary Required To Be Considered Upper…
In a landmark ruling delivered on 10 April 2025, the High Court of Justice adjudicated a notable case involving Dean McGuinness, the director and shareholder of Hitcham Homes Limited, and Goldentree Financial Services. This case, officially designated Dean McGuinness & Anor v Goldentree Financial Services Plc & Anor, stems from contentious financial dealings linked to…
Several businesses under the Sunterra banner, known in Alberta for its agriculture and high-end grocery operations, have taken steps toward creditor protection as three of its U.S. subsidiaries face legal and financial scrutiny. Late last month, Sunterra Quality Food Markets, Sunterra Food Corporation, Sunterra Farms, Trochu Meat Processors and Sunwold Farms all filed notices under…