Introduction The corporate insolvency landscaped a significant judicial pronouncement when the National Company Law Tribunal (NCLT) Mumbai adjudicated several interim applications concerning unpaid salary dues and financial claims by former employees of Indo Global Soft Solutions and Technologies Pvt. Ltd. This case illuminates critical aspects of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency…
Arthur Hayes recently raised alarms over Tether but a former Citi crypto analyst says the concerns don’t match the reality of how the company operates. Joseph, who previously spent “100’s of hours writing research on tether for Citi,” responded directly on X, offering a clearer look at Tether’s balance sheet and profitability. A Missing Piece…
MedTechInvestment A listed University of Leeds spinout in danger of going insolvent has secured $500,000 in emergency funding to help it to remain afloat. Tissue Regenix Group appointed a new leadership team in October following the discovery of errors in previously reported revenues. Trading in its shares on London’s AIM market were also suspended at…
JOHOR BAHRU – More than 120 frustrated homeowners in Pasir Gudang, Johor are urging a developer to honour a string of promises, ranging from waiving legal and stamp duty fees to paying compensation for late delivery. The group’s representative, who wished to be known only as Ms Ang, 49, said the developer has left them…
iRobot debt acquired by contract manufacturer as bankruptcy looms The Robot Report Read the original article here
AGS Transact Technologies Reschedules Creditors’ Meeting Amid Insolvency Process TipRanks Read the original article here
Mumbai: The Supreme Court of India has dismissed an appeal filed by Byju Raveendran challenging the April 17 judgment of the National Company Law Appellate Tribunal (NCLAT) concerning the settlement between ed-tech major Byju’s and the Board of Control for Cricket in India (BCCI). A bench comprising Justices JB Pardiwala and KV Viswanathan refused to…
Sen. Bernie Sanders (I-Vt.) on Sunday again cited an estimate of 530,000 medical bankruptcies a year, saying it shows why his Medicare for All plan is urgently needed. Sanders Highlights U.S. Medical Bankruptcy Crisis In a post on X, Sanders contrasted the “number of people who go bankrupt a year due to medical debt” in…
Sushi Mobility insolvency proves D2C model is no guarantee for success Bike Europe Read the original article here
One year ago, Construcciones Ático declared bankruptcy, incurring debts of €2.5 million, as previously reported by Atlántico Hoy. Now, the time has come for its parent company, Macruz Inversiones. The Commercial Court number 2 in Santa Cruz has declared voluntary insolvency proceedings and has intervened in the management and control of the company’s assets. Additionally,…