The Supreme Court on August 14 revived the insolvency case against beleaguered edtech company BYJU’S. The top put the order of National Company Law Appellate Tribunal (NCLAT) quashing insolvency proceedings on hold. The apex court has halted the NCLAT order that allowed BYJU’S to pay ₹158 crore to settle its dues with the Board of…
Sir Bradley Wiggins could have all his assets, including the numerous trophies and medals he won over the course of 15 years during his stunning professional cycling career, seized after the former Tour de France winner was declared bankrupt in court. Wiggins, who retired in 2016 having won eight Olympic medals, five of them gold, and becoming the first British…
The former model Katie Price has been arrested at Heathrow airport after failing to appear at court. Price, 46, from Surrey, has been remanded in custody at a west London police station after returning from Turkey and is due to appear at the Royal Courts of Justice on Friday. A Metropolitan police spokesperson said: “A…
The National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed insolvency proceedings against Coffee Day Enterprises till the next date of hearing. Coffee Day Enterprises operates the Cafe Coffee Day chain. Passing an interim order, the Chennai-based bench of the appellate tribunal stayed the operations of the NCLT order. NCLAT also directed the financial creditor…
MILAN — La Perla’s financial troubles have reached a tipping point. According to media reports, a Bologna, Italy, court declared the state of insolvency Thursday, with judge Michele Atzori naming a trifecta of court commissioners tasked with leading the Italian subsidiary La Perla Manufacturing Srl out of the quagmire. This marks the exit of the brand’s…
PA Media Katie Price has been arrested at Heathrow Airport for failing to attend court and taken into police custody. An arrest warrant was issued for the former model on 30 July after she failed to attend a court hearing relating to her bankruptcies. The Metropolitan Police said a 46-year-old woman had been arrested at…
Open this photo in gallery: The One Condo development project, in Toronto, on June 4.Abhijit Alka Anil/The Globe and Mail Residential property developers are facing rising insolvencies as they struggle with higher borrowing and construction costs – and industry experts warn the trend is likely to worsen as interest expenses remain elevated. The number of…
Sir Bradley Wiggins has entered bankruptcy, according to a report in The Times on Saturday, after going through financial difficulties with his company. The former Tour de France champion, who retired in 2016 after a career which saw him win eight Olympic medals, entered an Individual Voluntary Arrangement (IVA), a financial agreement designed to help…
Katie Price, the 46-year-old star, has been arrested for failing to attend a court hearing related to her bankruptcies. The arrest took place at Heathrow Airport on Thursday. As she returned to the UK. She has been remanded in custody and is set to appear at the Royal Courts of Justice, in London, today. Recently,…
It is expecting to report a deeper loss for the 2024 financial year in the range of between $15 million and $20 million, partially driven by disruptions from a botched technology migration project involving a new logistical supply chain platform. This impacted Mother’s Day trading to a degree that was “greater than expected”, delaying the…