New Delhi: The Supreme Court on Tuesday declined a plea by Byju’s to prevent the resolution professional of the bankrupt edtech company from constituting the committee of creditors till the top court further decides on the case. Though the apex court denied the interim relief sought by Byju’s and the Board of Control for Cricket…
Company insolvencies in Scotland rose in July 2024, reaching 117 cases, a 21% increase compared to the same month in 2023, however, the overall insolvency rate for the past 12 months has slightly decreased. In July 2024, there were 117 company insolvencies registered in Scotland, 21% higher than the number in July 2023. The total…
The representatives from the third largest and biggest opposition party have introduced a “Personal Insolvency Bill” in the 50th National Assembly. This was announced by the party’s press center. It is well known that Bulgaria is the poorest country with the lowest incomes per capita among the member states of the European Union. For example,…
The number of firms in England and Wales going bust last month rose by 16% year-on-year, according to official figures. Commentators said the 2,191 company insolvencies in July showed how many businesses were still recovering from the impact of high inflation and borrowing costs despite growing optimism about the UK’s economic outlook. The figure was…
Scottish company insolvencies up 21% in July Insider.co.uk Read the original article here
Nick Griffin: BNP Leader Declared Bankrupt Nick Griffin, chairman of the British National Party, has said his bankruptcy will not prevent him from “being or standing as an MEP”. He insisted he would continue as a member of the European Parliament and run for re-election in May. “This order will not prevent me fighting for…
Debt dilemma: 160,000 bankruptcy cases stalled due to document delays New Straits Times Read the original article here
KUALA LUMPUR: As of July, there are 159,781 unresolved bankruptcy cases in Malaysia, according to the Malaysian Department of Insolvency (MDI). MDI director-general M. Bakri Abd Majid attributed the delays primarily to individuals’ failure to cooperate by submitting essential documents. According to a Malay daily, these include lists of liabilities, completed statutory forms like the…
The insolvent Inapa Group, comprising the German subsidiaries Inapa Deutschland GmbH, Inapa ComPlott GmbH and Inapa Packaging GmbH, continues to operate without restrictions. According to a press release, customers can place orders as usual. Suppliers are reportedly committed to Inapa and supplying the group as planned, the company stated. “The understandable initial reservations of our…
The Supreme Court has agreed to consider Byju’s plea regarding the revival of insolvency proceedings against the company on August 22. This comes after Byju’s raised concerns that the Court’s recent stay order on a settlement with the Board of Control for Cricket in India (BCCI) is being misinterpreted as a revival of the insolvency…