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…
Cabinet Member for Adult Social Care Helen Holland said the council was doing “its best” but they had to prioritise the most “urgent cases”. “We just haven’t had the solution from government,” she said. “We are trying our best to prioritise cases and to make sure we are meeting those in most urgent need.” Conservative…
A severe labor shortage and rising prices are weighing heavily on Japan’s nursing care providers, with 81 nursing homes going bankrupt over the past six months, a Tokyo-based research center has said. This is the highest number recorded for the first half of the year since the nursing care insurance system started in 2000. It…
Representational image of the Byju’s logo | Photo Credit: Reuters The Supreme Court on Wednesday (August 14, 2024) stayed the operation of a National Company Law Appellate Tribunal (NCLAT) decision which had allowed debt-ridden ed-tech firm Byju’s to pay a settlement amount of ₹158 crore to the Board of Control for Cricket in India (BCCI).…
Kampala, Uganda | THE INDEPENDENT | Jomayi Property Consultants Ltd, once Uganda’s most prominent real estate company, has been sent into liquidation after being declared insolvent. The order to wind up comes after NC Bank failed to recover sh868,250,000 from Jomayi and petitioned the court to declare the company insolvent and unable to pay its…
Australia set to change how you go bankrupt ABC News Read the original article here
ITSL had filed the insolvency petition against CDEL in September 2023 claiming that the latter had defaulted on the payment of over ₹228 crore. As per the petition, ITSL and CDEL entered into a debenture trust deed in 2019. ITSL agreed to subscribe to non-convertible debentures worth ₹200 crore, whicj CDEL agreed to repay in…