(Stock image) A Parent Media Company (APMC), the owners of streaming services Victory Plus and Kidoodle.TV, is being placed in receivership after one of its largest creditors told a Canadian court this week that the company faces the likelihood of insolvency. TriWest Capital Partners, which invested in APMC four years ago, asked a Canadian court…
‘My bodyguard was found dead’: He claimed he was poisoned. Now he’s bankrupt Stuff Read the original article here
A Ruiru-based sacco wants the High Court to block the three liquidators appointed by the Commissioner for Co-operative Development to liquidate the Kenya Union of Savings and Credit Co-operatives (Kuscco) and instead appoint an independent insolvency practitioner. Rupsa Sacco, which is owed Sh108.8 million by Kuscco, says the appointment of the State-picked team threatens existing…
Mercantile Ports & Logistics Challenges Insolvency Process at NCLT TipRanks Read the original article here
ABK enters insolvency proceedings in self-administration Dealroom Read the original article here
High court finds conglomerate “directly culpable” for insolvency of Peoples Trading Centre after years of trading while insolvent Malawi’s high court has ordered Press Corporation Plc (PCL), one of the country’s largest conglomerates, to pay more than MK7bn (about £3m) to the creditors of Peoples Trading Centre (PTC), the retail chain it once wholly owned,…
The NCLT Bengaluru bench has frozen assets auctioned during the insolvency process of Think and Learn Private Limited, Byju’s parent company. The court intervened following claims that assets valued at Rs 150 crore were sold for only Rs 16 crore, amid disputes over ownership rights. The next hearing is scheduled for September 21, 2026. The…
The National Company Law Tribunal (NCLT), Chennai, has questioned the validity of a 1 per cent outcome-based fee claimed by Ernst & Young LLP (EY) for securing relief for Mobase Electronics India Private Limited in GST proceedings. A Bench of Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy rejected EY’s plea under…
The Bengaluru Bench of the National Company Law Tribunal (NCLT) has ordered a freeze on assets sold during the insolvency proceedings of Think and Learn Private Limited (TLPL), the parent company of Byju’s, after allegations that assets worth around Rs 150 crore were auctioned for just Rs 16 crore. The tribunal has directed Resolution Professional…
The Bengaluru Bench of the National Company Law Tribunal (NCLT) has ordered a freeze on assets sold during the insolvency proceedings of Think and Learn Private Limited (TLPL), the parent company of Byju’s, after allegations that assets worth around Rs 150 crore were auctioned for just Rs 16 crore. The tribunal has directed Resolution Professional…