23andMe files for bankruptcy protection

Popular DNA testing firm 23andMe has filed for bankruptcy protection, and announced that its co-founder and CEO, Anne Wojcicki, has resigned with immediate effect. The company will now attempt to sell itself under the supervision of a court. 23andMe said in a press release that it plans to continue operating throughout the sale process and…

Filomina Kyriacou, a Sydney accountant linked to some of the country’s most notorious frauds, has declared herself bankrupt

A Sydney accountant linked to some of the country’s most notorious tax fraudsters has avoided millions of dollars in tax debt and unpaid loans by declaring herself bankrupt. Filomina Kyriacou, one of the co-founders of accountancy firm Wentworth Williams, went bankrupt last week as Commonwealth Bank pursued her for $900,000 and the Australian Taxation Office…

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Byju Raveendran Files FIR Against EY Staff In Insolvency Case: ‘Not A Flower, I Am The Fire’

Byju’s founder Byju Raveendran has filed an FIR against former RP Pankaj Srivastava, EY employees, and Glas Trust in the company’s insolvency proceedings. (File photo) Byju’s founder Byju Raveendran has filed a first information report (FIR) naming former resolution professional Pankaj Srivastava, employees of EY, and representatives of Glas Trust, accusing them of “criminal conspiracy”…

NCLAT Upholds Liquidation of Go Airlines

The Tribunal rejected the appeal but allowed the appellant to submit a compromise and arrangement plan in accordance with Regulation 2B of the Liquidation Process Regulation The National Company Law Appellate Tribunal (NCLAT), New Delhi bench upheld the liquidation by finding that, in the absence of a compliant resolution plan, the Committee of Creditors (CoC),…