New Delhi: VerSe Innovations, the parent company of platforms like Dailyhunt and Josh, has filed personal insolvency proceedings against Akshay Bardapurkar, the founder of Planet Marathi. The petition, submitted under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, alleges financial default and breach of contractual obligations by Bardapurkar. The matter pertains to an agreement…
A man caught with more than €60,000 of illegal cigarettes and fake tracksuits has avoided jail after a court heard he was holding them for a criminal gang to whom he owed a large gambling debt. Brendan Casey appeared at Donegal Circuit Court following a Garda raid at his home in Ballyshannon on May 8th,…
Although section 442A of the Corporations Act 2001 (Cth) (‘the Act’) gives administrators the power to remove a director from office or appoint a replacement to a company, section 437A of the Act sets out the role of an administrator and specifies that while a company is in administration, the administrator has control of…
Your credit score is a number that illustrates your credit worthiness, and in the US it’s used for a variety of things including loans and acquiring new lines of credit. Depending on where you live, it can even affect your car insurance rate. While payment history is the biggest factor in your score, there’s another…
ACI Worldwide Survey Shows Nearly 40% of Taxpayers Will Use Refunds for Debt Relief A new income tax survey from ACI Worldwide , an original innovator in global payments technology, developed in partnership with YouGov, shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.), suggesting that the inflationary economy is…
While greedy, despicable billionaires continue to stuff their fat wallets, millions of people struggle to make ends meet every week, The debt advice kiosk in Streatham Library is here to help, offering free expert advice via video for individuals with financial difficulties or money worries. Each kiosk is designed as a soundproof booth, ensuring conversations remain…
Posted: 03/03/2025 The case of SBP 2 S.À.R.L v 2 Southbank Tenant Limited [2025] EWHC 16 (Ch) highlights the importance of careful drafting and robust legal advice when looking to forfeit a lease. Background 2 Southbank Tenant Limited is a WeWork company and the tenant in this claim. WeWork Companies LLC was a guarantor of…
The chairman of Bally’s Corporation says that the US-based gaming operator was originally going to wait for Australia’s The Star Group to enter voluntary administration before investing in the company. However, the company was worried the group would be too hard to rescue at that point. Bally’s chairman Soo Kim told Reuters that the company…
Bally’s Corp Chairman had to move on The Star before voluntary administration: Report Asia Gaming Brief Read the original article here
IBC Weekly Round-Up [7th April-13th April 2025] Live Law Read the original article here