Byju’s insolvency case: Glas Trust seeks rejection of withdrawal application in Bjyu’s insolvency case

Glas Trust, which represents a group of US entities that lent $1.2 billion to beleaguered edtech firm Byju’s, on Monday questioned the maintainability of the withdrawal application for the insolvency petition filed by the Board of Control for Cricket in India (BCCI’s) against the company. Glas Trust argued in the National Company Law Tribunal (NCLT)…

Builder Gone Bankrupt: What To Do?

While there are many challenges that come with building a house, it probably can’t get much worse than hearing your builder has gone bankrupt and that work to your home has stopped, effective immediately. The so-called ‘profitless building boom’, triggered by the COVID pandemic, is still playing out in the Australia construction sector, seeing thousands…

Challenging examinations in aid of cross-border insolvency proceedings – Court Procedure – Litigation, Mediation & Arbitration

IE CA 3 Holdings Ltd and IE CA 4 Holdings Ltd (Companies) were two Canadian registered companies whose directors were located outside of Canada. The Companies’ parent company, Iris Energy Limited (Iris), was listed on NASDAQ and had its registered office in Melbourne and principal place of business in Sydney, with three of its six…