BENGALURU — In a move that could intensify one of India’s most closely watched corporate battles, Byju’s has filed an FIR accusing senior partners at Ernst & Young and members of a resolution team of conspiring against the company. The complaint, made public via a social media post by founder Byju Raveendran, names resolution professionals…
Bill Ferg (Vasilios Fergadiotis), owner of Melbourne’s Lobster Cave restaurant, has submitted a last-minute proposal to creditors to avoid bankruptcy, aiming to settle over $7 million in debts through a personal insolvency agreement. The offer was made just two days before a scheduled Federal Court hearing. If rejected, Ferg could be declared bankrupt and forced…
A major sanitary wholesaler in Germany will be ceasing its business operations. The company’s 230 employees received termination notices at the end of August. The company, Sanitop-Wingenroth, once a flagship business in the region, faced financial difficulties due to unmet sales expectations…
Singapore – Singapore’s policymakers are wrapping up the public feedback process on proposed changes to its insolvency law, part of a broader effort to enhance its appeal as a hub for corporate restructuring in Asia. A key change would broaden a provision in restructuring plans, known as cross-class cramdowns, to prevent shareholders from dissenting, according…
Loddenkemper, a furniture brand from Oelde, Germany, has declared insolvency on November 20, 2024. The company, which has been active in the furniture industry since 1889, has attempted multiple restructuring efforts before eventually needing to initiate standard bankruptcy proceedings at the Osnabrück…
A wholesaler of children’s furniture has been declared bankrupt by the Zutphen District Court. The company has been assigned Guido Roest as receiver. The company has a wide range of children’s furniture, including cots, children’s beds and related furniture, which can be…
Compuage Infocom Reschedules Creditors Meeting Amid Insolvency Process TipRanks Read the original article here
NDP leader Jagmeet Singh meets HBC workers in Toronto on Monday, April 7, 2025 (Christopher Katsarov/The Canadian Press). TORONTO — NDP Leader Jagmeet Singh says that workers should be paid ahead of creditors when companies like Hudson Bay file for bankruptcy. The NDP leader began the third week of the campaign meeting with Hudson Bay…
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Singh says workers should be paid first when companies like Hudson Bay go bankrupt CTV News Read the original article here