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Manipal Group once again submits bid to acquire Byju’s under insolvency process MSN Read the original article here
Dr Ranjan Pai–led Manipal Group has formally submitted an Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process of Think & Learn Pvt Ltd, the parent company of Byju’s. Signage at a Byju’s Tuition Centre, operated by Think & Learn Pvt., Ltd., in Mumbai. (Bloomberg) According to documents filed with the Resolution…
KARLSRUHE, Germany (Reuters) -A German high court rejected a claim from shareholders in defunct payments company Wirecard who were seeking a bigger share of the firm’s remaining assets. The company collapsed in 2022 in the country’s biggest post-war fraud after conceding that 1.9 billion euros ($2.22 billion) it had booked in its accounts likely never…
Short-term rental company winding down operations “immediately” amid ongoing liquidity issues. Canadian-founded and San Francisco-based alternative lodging company Sonder Holdings is winding down its operations following the termination of its licensing deal with hotel giant Marriott International. The company announced this week that it will wind down operations “immediately” and that it expects to…
KARLSRUHE, Germany (Reuters) -A German high court rejected a claim from shareholders in defunct payments company Wirecard who were seeking a bigger share of the firm’s remaining assets. The company collapsed in 2022 in the country’s biggest post-war fraud after conceding that 1.9 billion euros ($2.22 billion) it had booked in its accounts likely never…
The former AC Milan owner Yonghong Li has been declared bankrupt over money that he owes to creditors, a report claims. According to official Hong Kong court documents seen by Calcio e Finanza, the Chinese businessman was declared bankrupt last July due to unpaid debts of $280m, with a liquidation hearing scheduled for next January.…
In the early 2000s, Steve Sonnenberg seemed to have it all — a thriving e-commerce startup, 200 employees, and millions in annual revenue. But within a few years, the young entrepreneur from Utah found himself filing for bankruptcy, his assets frozen, and his dreams in ruins. The collapse of his first company, WholesaleMatch, after becoming…
Insolvency-related activity rose by 17% in Scotland last month, says R3, the UK’s restructuring, turnaround and insolvency trade body. R3’s analysis of data provided by CreditSafe indicated an increase in insolvency-related activities from 106 in September to 124 in October. October 2025 figures are 9% higher than the same period in 2024, which saw a spike…
Renowned economist Dawie Roodt believes that more South African banks should go bankrupt, as it is a natural progression of a free market. Roodt shared his views during a discussion about South Africa’s economy on The Main Stage Podcast with Aidan Brown. South Africa’s banking system is highly regulated, which creates a very safe and…