Insolvency tremors have hit yet another player in India’s startup ecosystem. This time, it’s GlobalBees—the high-profile, Thrasio-style startup known for acquiring and scaling D2C brands. Surprisingly, the blow hasn’t come from a disgruntled vendor or market pressures, but from within its own investment circle. Kuber Mart Industries, a company that GlobalBees had backed with ₹50…
Will Esoteric come back? Music festival enters voluntary administration Bendigo Advertiser Read the original article here
National Company Law Tribunal, Mumbai: In an application filed by the Resolution Professional (‘the RP’) for Vijay Suraksha Realty LLP (‘the Company’) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘IBC’) seeking exclusion of 854 days and an extension of 60 days, the Two-Member Bench of Lakshmi Gurung ,Judicial Member and Hariharan Neelakanta…
Globalbees Brands Private Limited, a material subsidiary of FirstCry’s parent company Brainbees Solutions Limited, is facing insolvency proceedings after three individuals filed a petition with the National Company Law Tribunal (NCLT), New Delhi Bench. The application, filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, has been submitted by Ashutosh Garg, Paritosh…
FirstCry parent’s subsidiary GlobalBees faces Rs 64.92 crore insolvency petition from Kuber Mart directors financialexpress.com Read the original article here
Declaring bankruptcy could affect your pension savings in a variety of ways, depending on how you saved, how much you have and when you last put money away. Experts at PensionBee have broken down the details, as meeting some simple criteria could actually mean your retirement fund is off limits to authorities. When you declare…
About 140 people across Australia have been immediately sacked following the sudden collapse of Australia’s largest distributor of second-hand office furniture. Staff at furniture company Egans received a text message on Friday morning telling them to attend a compulsory all-staff meeting, where they were told they no longer had jobs. “Notice of important company announcement,”…
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Sails Motor Inn company hit rough waters after failing to pay debts Waikato Times Read the original article here
By Wayne Robinson | 18 June 2025 Stricken wide-format supplies business Starleaton has finally been placed into liquidation, with the company not making any of its $33,000 a month payments required under its DOCA for the past three months. All over for Starleaton: Ben Eaton The former $20m a year family-owned national business initially placed…