CORRECTED-Dutch travel company D-reizen declared bankrupt – Reuters

By Reuters Staff 2 Min Read (Corrects to show D-reizen Dutch-owned since December 2020, paragraph three) AMSTERDAM, April 6 (Reuters) – D-RT Group, the parent of Dutch tour operator D-reizen, has been declared bankrupt, a court spokesman said on Tuesday, potentially affecting more than 1,000 employees. The Netherlands has largely avoided corporate bankruptcies during the…

CORRECTED-Dutch travel company D-reizen declared bankrupt – Reuters

By Reuters Staff 2 Min Read (Corrects to show D-reizen Dutch-owned since December 2020, paragraph three) AMSTERDAM, April 6 (Reuters) – D-RT Group, the parent of Dutch tour operator D-reizen, has been declared bankrupt, a court spokesman said on Tuesday, potentially affecting more than 1,000 employees. The Netherlands has largely avoided corporate bankruptcies during the…

OYO breathes easy as NCLAT orders a stay on insolvency proceedings against its subsidiary company – Business Insider India

A Gurugram-based creditor had initiated insolvency proceedings and The National Company Law Tribunal had admitted the petition against OYOs subsidiary Oyo Hotels and Homes Pvt Ltd on April 7. The National Company Law Appellate Tribunal (NCLAT) today stayed the proceedings against OYOs subsidiary. As initially it was misreported by a few media platforms as OYO…

Malaysian Ex-PM Faces Bankruptcy over Allegations of $421M in Unpaid Taxes, Penalties – benarnews

Disgraced former Malaysian Prime Minister Najib Razak faces bankruptcy for allegedly failing to pay U.S. $421 million in taxes and penalties, which could end his political career. Najib said late Tuesday that the countrys tax board served him a bankruptcy notice allegedly for unpaid personal income taxes from 2011 to 2017, in retaliation for his…

Insolvency Services refuses to disclose full cost of failed Kids Company proceedings – Third Sector

The Insolvency Service has refused to reveal the full costs of legal proceedings and other additional fees associated with the Kids Company trial. The Official Receiver, acting on behalf of the Insolvency Service, announced at the end of last month that it would not appeal the High Courts decision to dismiss the disqualification proceedings it…

Indian tribunal starts insolvency process against Oyo unit, company appeals – Reuters

By Reuters Staff 2 Min Read FILE PHOTO: The logo of OYO, India’s largest and fastest-growing hotel chain, is seen installed on a hotel building in New Delhi, India, April 3, 2019. REUTERS/Adnan Abidi/File Photo BENGALURU (Reuters) – Indias company law tribunal has initiated insolvency proceedings against a subsidiary of Softbank-backed hospitality startup Oyo, a…