“This company has been driven into a wall for years” – Life is Strange studio Don’t Nod faces unrest while teetering on insolvency

There’s deep unrest at French studio Don’t Nod – creator of Life is Strange, Remember Me, Vampyr, Banishers: New Eden, and most recently Aphelion – as it scrambles to restructure itself and guard against insolvency. Indeed, an impassioned account of proceedings on French union Le Syndicat des Travailleureuses du Jeu Vidéo’s website (via Rock, Paper,…

Supreme Court Rules Creditors Cannot Withdraw Approved Insolvency Resolution Plan Before NCLT Confirmation Merely Because Corporate Debtor’s Financial Position Improves During Prolonged Insolvency Proceedings

Supreme Court Upholds Binding Nature of Creditors’ Approved Resolution Plans, Directs NCLT to Decide Rival Applications and Rejects Improved Profitability Alone as Valid Withdrawal Ground Facts Creditors of a corporate debtor operating a national-highway toll project approved a resolution plan proposed by a successful resolution applicant (SRA), involving ₹172.55 crore. Litigation and a Supreme Court…