Insect protein scaleup Agronutris at risk of insolvency: ‘Access to funding has become harder’ – Sifted
Insect protein scaleup Agronutris at risk of insolvency: ‘Access to funding has become harder’ Sifted Read the original article here
Minnetonka e-commerce company Digital River closing, laying off 122
Digital River, a Minnetonka-based e-commerce pioneer with a global client roster, is shuttering its headquarters and laying off 122 employees after more than 30 years in business. The permanent layoffs, which include remote workers across the country, should start March 28, according to a WARN notice Digital River filed Monday with the Minnesota Department of…
NCLT Removes Resolution Professional Amid Crisis
Once a shining beacon of India’s booming edtech industry, Byju’s is now making headlines for all the wrong reasons. The company that once symbolized the aspirations of millions of students and parents is now caught in a legal and financial whirlwind, struggling to survive under an insolvency resolution process. In a dramatic turn of events,…
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Somerset Council could go bankrupt without sharp council tax rise – Somerset Live
Somerset Council could go bankrupt without sharp council tax rise Somerset Live Read the original article here
Why Bankrupt Logistics Firm Arshiya is Drawing Interest from Adani Port, JSW Infra & Others
Meanwhile, both Adani Port and JSW Infrastructure have been spreading their businesses through acquisitions. Last year, JSW Infrastructure acquired a 70.37% shareholding in Mumbai-based Navkar Corporation for around Rs 1,012 crore, marking its entry into the logistics sector. Meanwhile, Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, bought a majority stake…
NCLT orders removal of Byju’s IRP, reinstates Aditya Birla Finance as financial creditor – MSN
NCLT orders removal of Byju’s IRP, reinstates Aditya Birla Finance as financial creditor MSN Read the original article here
Luxury yacht-builder Fairline collapses just weeks after sale | Money News
One of Britain’s biggest luxury boat manufacturers has collapsed into administration less than two months after it was sold to new investors. Sky News has learnt that Fairline Yachts, which is based in Oundle, Northamptonshire, had fallen into insolvency proceedings after DF Capital, the company’s main lender, triggered the appointment of Alvarez & Marsal (A&M)…
NCLT orders removal of Byju’s IRP, reinstates Aditya Birla Finance as financial creditor
The National Company Law Tribunal (NCLT) on Wednesday ordered the removal of Bjyu’s interim resolution professional (IRP). The insolvency court also directed the Insolvency and Bankruptcy Board of India (IBBI) to take disciplinary action against the IRP and disband the committee of creditors (CoC) constituted by the IRP. The NCLT’s Bengaluru bench passed the order…
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