German insolvencies rose in May by almost a third from a year earlier, according to data that a lobby group warns is now on track to breach a level last seen in 2017. Results for the month showed that local courts reported 1,934 corporate insolvencies with claims of about €3.4 billion ($3.7 billion), numbers on…
The National Company Law Tribunal’s (NCLT’s) Hyderabad bench has declared GVK Power and Infrastructure Ltd (GVKPIL) as bankrupt and initiated corporate insolvency resolution process (CIRP) for defaulting on a loan of Rs 18,000 crore (including interest) to ICICI Bank and a some other lenders. GVKPIL is the flagship firm of the GVK group. The loan…
Katie Price has arrived at the Royal Courts of Justice in London for a hearing related to her bankruptcies following her arrest at Heathrow Airport. The former glamour model arrived on foot through the main entrance wearing a beige outfit and black head covering on Friday, surrounded by photographers, ahead of a hearing due to…
Byju’s US lenders appeal insolvency-quashing order before India’s top court Reuters India Read the original article here
Text size The Czech Republic’s biggest steelworks Liberty Ostrava, part of Indian-British billionaire Sanjeev Gupta’s business empire, was sent into bankruptcy by a court on Friday. Liberty Steel Group, part of Gupta’s GFG Alliance, said earlier this month it had put its operations in the eastern Czech steel hub of Ostrava up for sale, citing…
Bradley Wiggins has offered the most detailed insight so far into the financial troubles that led to a declaration of bankruptcy, suggesting the issues took hold during his racing career when he admits assuming money “was going to be there forever.” Speaking on WEDŪ’s The Forward w/Lance Armstrong podcast, after being a guest commentator throughout…
Coffee Day Enterprises is the parent company of Cafe Coffee Day| Photo: Wikimedia Commons 4 min read Last Updated : Aug 10 2024 | 5:26 PM IST Corporate dispute tribunal NCLT has ordered initiating insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group which operates Cafe Coffee Day…
It’s probably wise for us to severely ratchet down any expectations or hopes of seeing a triumphant release of Blue Protocol in the year 2024. At this point, the signs aren’t good for the MMORPG, as Bandi Namco Online declared itself to be in a state of insolvency due to massive revenue losses. Bandai Namco…
KATIE Price blew £10,000 in a month on takeaways and clothes — after being declared bankrupt. The ex-glamour model splurged about £7,000 during a single visit to Selfridges, pals say. 3 Katie Price has been spending thousands despite being declared bankruptCredit: PA 3 Pals say Katie ‘doesn’t care about blowing cash when she should be…
NCLT okays insolvency proceedings against Cafe Coffee Day’s parent company over Rs 228 crore default Business Today Read the original article here