Companies News Today Live Updates on February 5, 2025: Byju’s insolvency: Suspended directors challenge NCLT ruling reinstating lenders, cite prejudice

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business…

Byju’s insolvency: Suspended directors challenge NCLT ruling reinstating lenders, cite prejudice

Suspended directors of the bankrupt edtech firm Byju’s have approached the National Company Law Appellate Tribunal (NCLAT), challenging a Bengaluru insolvency court’s decision to reinstate its lenders as financial creditors while failing to rule on its ₹158 crore settlement with the Board of Control for Cricket in India (BCCI). The petition, filed by suspended director…

Why the company account is not your personal piggy bank

As financial year-end looms, pressuring business owners to ensure their financial records are up-to-date and compliant, PJ Veldhuizen of Gillan & Veldhuizen Inc warns them to avoid this seemingly harmless hazard. Image: supplied A common pitfall for many business owners is running personal expenses through the company and incorrectly claiming deductions. This practice not only…