New Delhi: India’s top court on Wednesday revived insolvency proceedings against education technology company Byju’s following a lawsuit by a trust representing U.S. lenders who say they are owed $1 billion by the company. The Supreme Court order is a setback for founder Byju Raveendran whose eponymous online coaching company was valued at $22 billion…
Red Lobster declared bankruptcy Monday — punctuating a five-year chapter marked by traffic declines, inconsistent sales and dwindling cash. The restructure will result in a leaner company, smaller menu and better capital structure, per a plan laid out in a court filing by CEO Jonathan Tibus. The restaurant chain, which was established in 1968, has long…
Paid non-client promotion: Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate investing products to write unbiased product reviews. Several crypto platforms have filed for bankruptcy in 2022…
The Supreme Court today (August 14) stayed the NCLAT order which closed the insolvency proceedings initiated by the Board of Controllers of Cricket in India (BCCI) against ed-tech firm BYJU’s over the dues of Rs. 158 Crores based on a settlement between the parties. The bench led by CJI DY Chandrachud comprising Justices JB Pardiwala…
Sarinyapinngam | Istock | Getty Images A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent court documents. Since last year, Synapse, an Andreessen Horowitz-backed startup that serves as a middle man between customer-facing fintech…
Belgian semiconductor makers declared bankrupt, over 400 jobs at risk The Brussels Times Read the original article here
New Delhi: The Supreme Court on Wednesday revived insolvency proceedings against Byju’s by putting a previous tribunal order on hold, in a victory for US lenders that say they are owed $1 billion (Rs 8,395 crore) by the education technology company. SC’s order is a setback to company founder Byju Raveendran who earlier this month…
Shocked footy legend Anthony Minichiello faces $1.3million disaster as business he fronted goes bust: ‘I’ve al Daily Mail Read the original article here
Katie Price defiantly says ‘facelift trip will satisfy bankruptcy orders’ days before arrest The Mirror Read the original article here
Mumbai: The Chennai bench of the National Company Law Appellate Tribunal on Wednesday stayed the corporate insolvency resolution proceedings against Coffee Day Enterprises. The interim order was granted following an appeal filed by Malvika Hegde, a shareholder and director of Coffee Day Enterprises, challenging the 8 August order by the National Company Law Tribunal (NCLT),…