Fireside-Backed 10Club Files for Insolvency Amid Roll-Up Model Challenges

Bankruptcy

You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. Thrasio-style ecommerce marketplace 10Club has filed for insolvency proceedings before the National Company Law Tribunal (NCLT), marking a significant setback in the roll-up ecommerce space. According to filings with the Registrar of Companies (RoC), the Fireside Ventures-backed startup is initiating the Corporate Insolvency Resolution Process…

Bankruptcy | Definition, History, Examples, & Facts

Bankruptcy

bankruptcy, the status of a debtor who has been declared by judicial process to be unable to pay his debts. Although sometimes used indiscriminately to mean insolvency, the terms have distinct legal significance. Insolvency, as used in most legal systems, indicates the inability to meet debts. Bankruptcy, on the other hand, results from a legal…

Signs of a Niseko Bubble? Chinese Resort Developer Goes Bankrupt

Bankruptcy

このページを 日本語 で読む A Chinese-affiliated company behind one of the largest resort developments in Niseko, Hokkaido, has gone bankrupt. In recent years, the Niseko area has seen soaring land prices and labor costs driven by an influx of foreign capital, dramatically transforming the town.  But now that a major China-backed project has failed, risks associated…

4th Circuit Hears Asbestos Claimants’ Constitutional Challenge to Company’s Bankruptcy

Bankruptcy

Asbestos claimants on Thursday asked a federal appeals court to dismiss the Chapter 11 bankruptcy filing of a Georgia-Pacific subsidiary, arguing that the corporate spinoff is not a debtor under the U.S. Constitution and therefore a bankruptcy judge lacked jurisdiction. The claimants, who say they were exposed to asbestos from Georgia-Pacific’s products, argue that Article…

Access Denied

Bankruptcy

Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/sc-s-bhushan-power-and-steel-ruling-review-petition-may-flag-errors-125050801544_1.html” on this server. Reference #18.529c3e17.1746730865.709c4b6 https://errors.edgesuite.net/18.529c3e17.1746730865.709c4b6 Read the original article here

How It Will Affect Members

Bankruptcy

WeightWatchers has filed for Chapter 11 bankruptcy, and in an exclusive interview aired on TODAY May 7, WW CEO Tara Comonte is revealing how the move will affect its 3.4 million members. She stressed that the weight-loss company — which destigmatized weight loss and is lauded for pioneering one of the best weight loss programs — has…