Corporate insolvency has been on a steady rise since the government’s COVID-19 support measures ended, and forecasts indicate that this trend will persist amid ongoing economic challenges.Business failures have hit the construction, accommodation and food service sectors the hardest. From July 2023 to June 2024, ASIC reported a significant increase in company insolvencies, jumping by…
The troubled Australian electric vehicle fast charging company Tritium has collapsed after its directors declared it to be insolvent, voluntary administrators were appointed and its lenders called in receivers. The spectacular collapse of a Brisbane-based start-up that managed to grab a major share of the global EV fast charging market and was once valued at…
Highlights Craig Bellamy was declared bankrupt after a long and successful Premier League career. The former winger urged players to be cautious and avoid similar pitfalls. In a remarkable story, Bellamy has gone on to land his dream job as manager of Wales. The life of a footballer may often seem to be the high-life,…
The bench, also comprising justices J B Pardiwala and Manoj Misra, directed the BCCI to keep in a separate account Rs 158.9 crore received by it from Byju’s in view of a settlement | File image 1 min read Last Updated : Aug 14 2024 | 2:39 PM IST India’s top court on Wednesday…
The directors of Australian fast charger manufacturer Tritium have declared the company as well as three of its Australian subsidiaries—Tritium, Tritium Holdings and Tritium Nominee—insolvent and called in voluntary administration, according to a statement filed to the US Securities and Exchange Commission (SEC). “The Company’s other subsidiaries will continue to operate outside the voluntary administration,”…
Fashion chain Esprit’s Dutch subsidiary declared bankrupt, over 200 jobs lost The Brussels Times Read the original article here
Supreme Court Stays NCLAT Order Closing Insolvency Process Against Byju’s, Asks BCCI To Deposit Rs.158… Live Law – Indian Legal News Read the original article here
SpiceJet (SG, Delhi International) is facing a fresh bid to have it declared insolvent after three special purpose vehicles (SPVs) controlled by lessor DAE Capital launched legal action at India’s National Company Law Tribunal (NCLT) last month. According to open-source NCLT records, AWAS 36698 Ireland Limited, AWAS 36695 Ireland Limited, and AWAS 36694 Ireland Limited…
Henrik Fisker stands with the Fisker Ocean electric vehicle after its unveiling at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA in Manhattan Beach, California. on Nov. 16, 2021. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for Chapter…
Supreme Court revived insolvency proceedings against edtech company Byju’s on Wednesday following a lawsuit from US lenders. Byju’s says it is the “world’s largest education technology company”. It offers online tutorials on subjects such as maths, physics and chemistry for school students.(Bloomberg) The latest court order deepens a crisis that has seen the one-time market…