Representational image of the Byju’s logo | Photo Credit: Reuters The Supreme Court on Wednesday (August 14, 2024) stayed the operation of a National Company Law Appellate Tribunal (NCLAT) decision which had allowed debt-ridden ed-tech firm Byju’s to pay a settlement amount of ₹158 crore to the Board of Control for Cricket in India (BCCI).…
Kampala, Uganda | THE INDEPENDENT | Jomayi Property Consultants Ltd, once Uganda’s most prominent real estate company, has been sent into liquidation after being declared insolvent. The order to wind up comes after NC Bank failed to recover sh868,250,000 from Jomayi and petitioned the court to declare the company insolvent and unable to pay its…
Australia set to change how you go bankrupt ABC News Read the original article here
ITSL had filed the insolvency petition against CDEL in September 2023 claiming that the latter had defaulted on the payment of over ₹228 crore. As per the petition, ITSL and CDEL entered into a debenture trust deed in 2019. ITSL agreed to subscribe to non-convertible debentures worth ₹200 crore, whicj CDEL agreed to repay in…
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Katie Price was arrested by police who were waiting for her at Heathrow Airport, where she landed on Thursday night. Last week, an arrest warrant was issued after the former glamour model and reality star failed to turn up to a court hearing, having been declared bankrupt for the second time back in March due…
He pointed out that small business restructuring (SBR) has been particularly effective for viable small businesses, with none of the approximately 150 SBRs managed by his firm defaulting on their payment plans. Despite these restructuring efforts, Archer warned that insolvencies are likely to remain elevated. “There are strong indicators that business insolvencies will continue increasing…
Dillon Construction to be dissolved, leaving dozens of homes unfinished The Advocate Read the original article here
Cheung said he was ill just before the Monday hearing. But Chan said no medical proof had ever been produced to support the claim. The former Yuen Long district council member has been sued by several acquaintances over unpaid debts, ranging from HK$10,000 to more than HK$100,000. Two people have previously obtained judgment against Cheung…
NEW DELHI :India’s top court on Wednesday revived insolvency proceedings against education technology company Byju’s following a lawsuit by a trust representing U.S. lenders who say they are owed $1 billion by the company. The Supreme Court order is a setback for founder Byju Raveendran whose eponymous online coaching company was valued at $22 billion…