2025 was marked by significant U.S. bankruptcy and restructuring activity. To start, there were a number of significant U.S. court decisions in 2025, notably involving instances of appellate courts in Texas overturning bankruptcy court decisions there: Serta: Literally a day before the start of 2025, the Fifth Circuit issued its Serta decision, which focused on an “open…
The Financial Deep Dive SAB Events & Governance Now Media Limited has unveiled a Q3 FY26 financial report marred by significant operational and governance concerns, signaling an extremely challenging path forward. The company’s ability to continue as a going concern is under material uncertainty, a stark warning exacerbated by an admitted insolvency resolution petition…
Hola, Victoria from Techpoint, KOKO creditors fac e a14-day deadline STANLIB gets approval to buy into Cassava ADC SongDis wants African musicians paid, properly Nomba acquires Canadian payments firm KOKO creditors face a 14-day deadline Koko Networks Kenyan clean-cooking startup KOKO Networks has now officially entered administration, with joint administrators from PricewaterhouseCoopers (PwC) taking control…
BRS working president KTR alleged that the KLSR Company belonged to Chief Minister A Revanth Reddy and he was misusing thousands of crores of public money and diverting it to his benami company. The BRS leader recalled that the Supreme Court issued notices to the government seeking clarification on large-scale financial transactions continuing in the…
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Bharat Rashtra Samithi (BRS) working president KT Rama Rao on Wednesday, February 4, demanded an investigation into KLSR Infratech Ltd, alleging that Telangana Chief Minister Revanth Reddy had favoured the company in awarding various government contracts worth thousands of crores despite being in financial distress. Addressing a press conference, KTR alleged that KLSR functions as…
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Speaking to reporters here on Wednesday, Rama Rao alleged that the company KLSR functions as a front entity for Revanth and presented “documentary evidence” in support of his claim. HYDERABAD: BRS working president KT Rama Rao alleged that Chief Minister A Revanth Reddy was misusing thousands of crores of public money and diverting it to…
McKAY…this makes the third case, so far, in which costs have been awarded against the association. These fees amount to millions and millions of dollars. DR Jason McKay, spokesman for New Raiders Football Club, believes it will only be a matter of time before the already financially-strapped St Catherine Football Association (SCAFA) goes bankrupt after…
The Supreme Court has upheld the initiation of corporate insolvency resolution proceedings against Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, relating to a delayed real estate project in Greater Noida. A bench comprising Justices Sanjay Kumar and K Vinod Chandran dismissed appeals filed by the former directors of the…