By 2001, His Amazon Shares Had Fallen 93% And Wall Street Was Predicting The Company Would Go Bankrupt. Bill Miller Didn’t Care, He Doubled Down At $6 A Share. Two Decades Later He Had More Amazon Stock Than Anyone Not Named Bezos

Bankruptcy

While Wall Street analysts declared Amazon headed for bankruptcy and the stock cratered over 90%, one fund manager read a single line in the financials that changed his mind and kept buying. His conviction cost him almost everything before it… This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive…

Christian Tour says diversified airline partnerships ensure operational continuity amid AnimaWings insolvency

Bankruptcy

Christian Tour has released a statement saying its holiday programmes and tour operator activities will continue following AnimaWings’ decision to seek judicial reorganisation, arguing that its charter operations rely on a diversified network of airline partners rather than a single carrier. AnimaWings filed for insolvency on September 30, saying it was seeking the legal protection…

CIRP Need Not Be Set Aside Merely Because S 9 Application Was Filed Fraudulenty : Supreme Court

Bankruptcy

The Supreme Court on Wednesday (September 30) held that, under the Insolvency and Bankruptcy Code, 2016, the Adjudicating Authority can recall the admission of a Section 9 insolvency application if the proceedings were initiated based on fraudulent or collusive jurisdictional facts. However, the Court clarified that such a finding of fraud does not automatically require…