In a candid conversation with ANI in May this year, Raveendran acknowledged that strategic missteps, hasty global expansion, and unexpected macroeconomic shocks contributed to BYJU’S unravelling over the past few years. Raveendran traced the crisis to the company’s aggressive push into 21 countries during the pandemic-era boom from 2019 to 2021, fuelled by capital and investor pressure…
Lawyer claims money was given to him to discharge legal fees Insolvency lawyer Anthony Joyce leaves a Legal Practitioners Disciplinary Tribunal in Dublin. Photo: Mark Condren A prominent lawyer accused of helping two clients to hide assets from creditors told investigators a €10,000 bank draft they gave him a month before they were declared bankrupt…
BENGALURU: Manipal Education and Medical Group India (MEMG) submitted an expression of interest (EoI) to participate in corporate insolvency resolution process (CIRP) of Think & Learn, the parent company of Byju’s.In a statement on Thursday, MEMG India said it sought inclusion in list of prospective resolution applicants and requested access to company’s financial and operational…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
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14.11.2025 German spider crane and glass handling sales and rental company Uplifter has appointed a preliminary insolvency administrator following an order from the Amberg District Court. The company, which continues to operate and trade while it restructures its finances, is based in Guteneck in Bavaria and at one time employed 75 staff, their salaries are…
Twelve more trucking companies filed for Chapter 11 bankruptcy in October, highlighting the embattled transportation finance sector. These freight carriers filed for Chapter 11 last month, according to U.S. Bankruptcy Court documents obtained by Equipment Finance News: G1 Transport filed Oct. 3 in the Northern District of Georgia; GEC Transport Solutions filed Oct. 6 in the Southern District of Texas; Hadnot Logistics filed…
Faarea Masud,Business reporter and Danielle Kaye,Business reporter Getty Images Guests across the world have been told to leave their accommodation mid-holiday after property rentals firm Sonder suddenly went bankrupt. The collapse came after hotel chain Marriott terminated its leasing agreement with Sonder, a year after the partnership had been established. It allowed Sonder rooms to…
German court rejects shareholders’ bid for more of Wirecard insolvency spoils Reuters Read the original article here
When consumers learn a business is filing for bankruptcy protection, often the first image that comes to their minds is a company in financial distress. Economic problems are not the only reason businesses need to file for bankruptcy, as the automatic stay provision of bankruptcy can help a company facing litigation to fend off legal…