New Delhi, Mar 11 (PTI) GLAS Trust Company LLC, the US-based lender of debt-ridden firm Byju’s, on Wednesday moved insolvency appellate tribunal NCLAT seeking a stay over amendments in the Articles of Association (AoA) of Aakash Educational Services. A two-member bench comprising Justice Rakesh Kumar Jain and Jatindranath Swain issued notice to Aakash Educational Services,…
Article content Retail and insolvency experts expect Hudson’s Bay will close some of its stores as it restructures through creditor protection. Article content While the department store chain dating back to 1670 hasn’t announced plans to shutter locations, Insolvency Insider newsletter editor Dina Kovacevic says it’s not unusual for retailers under creditor protection to take…
Darts star fears losing home after being made bankrupt over £500k tax bill The Mirror Read the original article here
Sometime last year, we walked into a small office in Nairobi, facing an all too familiar situation, another business in distress. A once-thriving fintech company had officially gone into administration. Despite the best efforts of its directors, a tough economy, regulatory challenges, and dwindling investor confidence left no option but to bring in insolvency practitioners…
Ex-darts star Mervyn King has been declared bankrupt after owing HMRC ‘north of £500,000’. The 58-year-old reached the BDO World Championship final at Lakeside in 2002 and 2004 but failed to get his hands on the top prize after losing to Tony David and Andy Fordham respectively. King was made insolvent during a trip to…
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Santoshi Finlease Private Limited, upholding a penalty of ₹10 lakh imposed by the National Company Law Tribunal (NCLT) for filing a malicious and fraudulent insolvency petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The…
Elon Musk says he doesn’t want the government to go bankrupt with ‘waste and fraud’ Fox Business Read the original article here
This country to see 30 airlines go bankrupt, cease operations in 2025 TheStreet Read the original article here
Former darts player Mervyn King is resigned to losing his home after being declared bankrupt. King, who was once ranked fourth in the PDC order of merit, was made insolvent at the High Court of Justice in London last Tuesday. 3 King owes HMRC over £500,000Credit: Getty The 58-year-old’s financial troubles stem from him believing…
Today I was looking at the Reporter’s “Men At Work” special supplement that ran the last week in February of this year. This special honors men in the workplace, their expertise and leadership in the world of business. As I reviewed each business, I thought about the hard-work, dedication and sacrifice that went into building these…