The National Company Law Tribunal (NCLT) on Tuesday (November 11) issued a notice to online gaming platform WinZO following an insolvency plea filed by Paytm’s parent company, One97 Communications Ltd, which claimed unpaid dues of around ₹3.6 crore for advertising services. The matter was heard by a Bench comprising Justice Jyotsna Sharma (Judicial Member) and…
NCLT Issues Notice On Paytm’s Insolvency Plea Against WinZO Amid Online Gaming Ban BW Legal World Read the original article here
Nine years after its first request for court protection, Oi has been declared bankrupt by a Rio de Janeiro court. In her ruling, Judge Simone Gastesi Chevrand, of the 7th Business Court of Rio de Janeiro— where the company’s restructuring case is being handled—ordered the suspension of all lawsuits and enforcement actions against the telecom…
IRD pursues 44 sushi companies BusinessDesk | NZ Read the original article here
It has been a difficult year for mm2 Asia, whose Cathay Cineplexes unit has already entered voluntary liquidation [SINGAPORE] Mired in debt and facing insolvency, mm2 Asia is experiencing its annus horribilis. This year, its iconic Cathay Cinexplexes unit shuttered under millions in debt; now the entertainment group itself is facing existential threat as banks…
Short-term rentals company Sonder on Monday said it plans to file for bankruptcy, a day after Marriott International said a licensing agreement between the two companies had ended. The deal, signed in August 2024, allowed Sonder hotels to be booked via Marriott’s Bonvoy website and was widely considered a lifeline for the San Francisco-based company,…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
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An insolvency and restructuring firm has urged small business owners to be aware of heightened ATO activity as its debt book continues to grow. The ATO’s annual report, released on 31 October, revealed that the total tax-debt book had jumped from $86.1 billion to $101.4 billion from 2023–24 to 2024–25, marking the largest year on…
Linda Reynolds wants to know what Brittany Higgins did with her $2.4 million compensation payout. (Richard Wainwright/AAP PHOTOS) By Aaron Bunch in Perth A former senator’s bid to discover where Brittany Higgins’ $2.4 million compensation payout went following their bruising defamation battle has been frustrated by a bankruptcy paperwork glitch. Ex-Liberal senator Linda Reynolds successfully…