Routine Campaign Optimisation Discussions Not a Genuine Pre-Existing Dispute; NCLT Admits Insolvency Plea [Read Order]

The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted a Section 9 insolvency application filed by One 97 Communication Limited holding that routine discussions regarding campaign performance and optimisation do not constitute a genuine pre-existing dispute capable of defeating an insolvency petition under the Insolvency andBankruptcy Code, 2016 (IBC). One 97 Communication…

Snapchat CEO and wife erase medical debt for thousands of Californians — see if you’re eligible

Hundreds of thousands of Californians are about to get an unexpected financial lifeline after Snapchat CEO Evan Spiegel and his wife, supermodel Miranda Kerr, helped erase a staggering $550 million in medical debt. The couple made a multimillion-dollar donation to Undue Medical Debt, a nonprofit that purchases unpaid medical bills in bulk from hospitals, physician…

Court halts rehabilitation proceedings of Home Plus

The head office of Home Plus in Seoul. The cash-strapped discount chain faces the risk of liquidation after the court ended its rehabilitation proceedings. Photo by Home Plus July 3 (UPI) — South Korea’s Home Plus faces the risk of liquidation as the court halted the rehabilitation proceedings for the country’s troubled discount chain after…