BENGALURU: The National Company Law Appellate Tribunaldismissed attempts by Byju’s founder Byju Reveendran’s brother Riju Ravindran and cricket body BCCI to withdraw insolvency proceedings against the edtech firm without creditor approval.This decision reinforces the authority of the committee of creditors (CoC) in thecorporate insolvency case.NCLAT upheld an earlier decision by the Bengaluru bench of the…
Hooters of America has filed for bankruptcy in Texas, as it tries to deal with its debts by selling all of its company-owned restaurants to a group backed by its founders. The firm currently directly owns and operates 151 restaurants, with another 154 operated by franchisees, mainly in the US. The company said its restaurants,…
Chennai: The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by the BCCI and Riju Raveendran, brother of Byju Raveendran, seeking withdrawal of insolvency proceedings against Byju’s and to consider the settlement between the beleaguered edtech company and the BCCI. They had challenged the order passed by the Bengaluru bench of…
The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by the BCCI and Riju Raveendran, brother of Byju Raveendran, seeking withdrawal of insolvency proceedings against Byju’s and to consider the settlement between the beleaguered edtech company and the BCCI. They had challenged the order passed by the Bengaluru bench of the…
NCLAT dismisses Byju’s settlement plea, upholds insolvency GujaratSamachar English Read the original article here
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/nclat-sets-aside-bcci-and-riju-raveendran-s-plea-on-settlement-for-byju-s-125041800447_1.html” on this server. Reference #18.d1672817.1744972930.189f26b3 https://errors.edgesuite.net/18.d1672817.1744972930.189f26b3 Read the original article here
What happens to employees when a company goes bankrupt? When a company in Canada files for bankruptcy or begins restructuring under the Companies’ Creditors Arrangement Act (CCAA), employees are often left wondering what happens to their jobs, severance pay, and benefits. At Samfiru Tumarkin LLP, we’ve helped thousands of non-unionized employees navigate mass layoffs and…
Exclusive | Windsor Holiday Park and Seahaven Residential Park A buyer has been found for two holiday parks in Co Down after the business behind them went into administration, the Belfast Telegraph can reveal. Blackpool Rock, Lifestyle Homes N Ireland, Lifestyle Seeview, Lifestyle Living (NI) and Park Homes (NI) entered insolvency proceedings in December. Read the…
NCLAT rejects BCCI, Riju Raveendran’s plea for settlement in Byju’s insolvency case Times of India Read the original article here
Chennai: The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by the BCCI and Riju Raveendran, brother of Byju Raveendran, seeking withdrawal of insolvency proceedings against Byju’s and to consider the settlement between the beleaguered edtech company and the BCCI. They had challenged the order passed by the Bengaluru bench of…