Byju’s insolvency saga deepens as Supreme Court issues notice on BCCI, Riju Raveendran pleas against NCLAT ruling

The Supreme Court on May 29 issued notice in set of appeals challenging the National Company Law Appellate Tribunal’s (NCLAT) decision allowing insolvency proceedings against embattled edtech giant Byju’s parent company, Think & Learn Pvt Ltd. The apex court sought responses on petitions filed by the Board of Control for Cricket in India (BCCI) and…

Microsoft Unit In Russia To File For Bankruptcy

Microsoft continues to scale back its operations in Russia, with a notable development for one of its local subsidiaries. Reuters cited a note filed on the official Fedresurs registry on Friday as revealing that one of Microsoft subsidiaries in Russia plans to file for bankruptcy. Soon after Russia’s illegal invasion of Ukraine in February 2022,…

Label paper company Feldmuehle enters insolvency proceedings under self-administration

Uetersen-based Feldmuehle GmbH, a German manufacturer specializing in coated label papers and flexible packaging papers, has filed for insolvency under self-administration as it seeks to restructure and stabilize its operations. Feldmuehle submitted a petition to the local court in Pinneberg to initiate insolvency proceedings in self-administration on 27 May. The court has since approved the…

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The struggle for democracy persists as we come into the second half of 2023. As the year progresses, we face lies, corruption, and violence. And so the fight for America will continue as Senate Republicans strive to prevent Democrats from passing even the most popular measures under Biden’s presidency. While prices skyrocket across the country…