About Hungary – PM Orbán: “If we end up with a foolish government, we’ll go bankrupt—everyone needs to remember that”

“We play with open cards and have only good intentions, so we have nothing to hide,” Prime Minister Orbán said. He contrasted this approach with what he described as the deceitful practices of the opposition, referencing a leaked internal opposition quote—”We can’t tell the truth or we’ll lose the election; first we win, then we…

NCLT admits Velvin Packaging insolvency plea against Dunzo

The National Company Law Tribunal (NCLT) has dismissed a fresh insolvency plea filed by Exotel Techcom Pvt. Ltd. against Dunzo Digital Pvt. Ltd., noting that the Bengaluru-based hyperlocal delivery startup has already been admitted into the Corporate Insolvency Resolution Process (CIRP). Exotel, an operational creditor, had moved the tribunal under Section 9 of the Insolvency…

EoIs invited for resolution of Byju’s insolvency case

Think & Learn Private Limited, the parent company of embattled edtech giant Byju’s, has officially called for potential investors to express their interest in acquiring the firm. The company’s Resolution Professional, Mr. Shailendra Ajmera, issued a formal “Invitation for Expression of Interest” (EOI) September 1, 2025, marking a crucial step under the Corporate Insolvency Resolution…

Luxury e-commerce faces recession as Mytheresa cuts 700 jobs while Ssense enters insolvency

The luxury digital commerce industry entered a critical recession phase on September 3, 2025, when LuxExperience B.V., the parent company of Mytheresa, announced plans to eliminate approximately 700 positions across YOOX NET-A-PORTER operations. This announcement coincided with Ssense’s bankruptcy filing in Canadian courts, according to legal documents filed with the Supreme Court of Quebec. According…