Books Inc., the San Francisco Bay Area’s oldest independent bookstore chain, announced on January 21, 2025, that it has filed for voluntary reorganization under Chapter 11 bankruptcy protection. This strategic move aims to address ongoing financial challenges stemming from rising operating costs and shifts in consumer purchasing behaviors, issues that were intensified by the COVID-19…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
National Company Law Tribunal, New Delhi: In an application filed by Bollywood actor Akshay Kumar against Cue Learn Private Limited, a company providing tutoring services, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, a Division Bench of…
Troubled Star needs stakeholder support, says insolvency expert The Australian Read the original article here
Caution on giving bankrupts right to sue Daily Express Read the original article here
Insolvency-related activities in Hampshire and the South East have slightly decreased, a report has revealed. Trade body R3’s analysis of Creditsafe data showed a drop from 211 in November to 203 in December. This figure is still significantly lower than October’s 293, the highest since March 2022. Neil Stewart, chairman of R3’s Southern and Thames…
NCLT rejects insolvency plea, directs probe into alleged CSR fraud and fraudulent transactions involving multiple firms | Representative Image Mumbai: The National Company Law Tribunal (NCLT) has rejected a plea filed by Andheri-based Enviro Home Solutions Private Limited, which sought to initiate a corporate insolvency proceedings against Santacruz-based firm, Max Publicity and Communication Private Limited.…
Annual figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland remained stable in 2024. Scottish business insolvencies remained steady at 1,236 compared to 1,234 in 2023. Figures for December 2024, showed that there were 82 business insolvencies registered in Scotland, 24% lower than the number in December 2023. The business insolvencies…
Ngaiwi Developments owes Inland Revenue $2.3m, NZ Mortgages and Securities $793,000, Edenbay Properties $270,000 and unsecured trade creditors $479,000, the report said. Total debts are yet to be quantified but the only assets are $25,000 cash in the bank, according to Tony Maginness and Jared Booth. Stewart had the liquidators appointed when various factors combined…
Bollywood actor Akshay Kumar recently faced a setback in his legal battle as the National Company Law Tribunal (NCLT) dismissed his insolvency petition against the ed-tech company Cue Learn Pvt. Ltd. The dispute revolves around an endorsement agreement Kumar signed with Cue Learn in March 2021, for a total fee of ₹8.10 crore. According to…