Supreme Court Dismisses Byju’s Settlement Plea

New Delhi: The Supreme Court on Monday dismissed pleas filed by the BCCI and Riju Raveendran — brother of Byju Raveendran — seeking withdrawal of insolvency proceedings against Byju’s and to consider the settlement between the beleaguered edtech company and the BCCI. A Bench of Justices JB Pardiwala and R Mahadeven refused to interfere with…

Helrom files for preliminary insolvency proceedings

Helrom, a German company specialising in the rail transport of semi-trailers, has filed for preliminary insolvency proceedings, Director of Sales Bruno Weissmann said on LinkedIn. The cause behind this is “an unsuccessful financing round”. Subscribe to gain access to all news Already have a subscription? Log in. Choose your subscription Or Want to read this…

Supreme Court Dismisses BCCI, Riju Ravindran Appeals Against NCLT Mandating CoC Nod To Withdraw CIRP

The Supreme Court today(July 21) dismissed civil appeals filed by the Board of Control for Cricket in India (BCCI) and Riju Ravindran challenging the National Company Law Appellate Tribunal (NCLAT) judgment holding that the application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) of Think and Learn Pvt Ltd (the company running Byju’s) needed…

NCLAT Halts Insolvency Proceedings Against Reliance Infrastructure After ₹92.68 Crore Payment

New Delhi: Reliance Infrastructure Ltd on Friday said appellate tribunal NCLAT has stayed the insolvency proceedings against the company following a repayment of ₹92.68 crore towards tariff as per an energy purchase agreement. Reliance Infrastructure in its latest regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) has stayed an NCLT order over…

Why do so many footballers go bankrupt?

It was the brown envelopes that kept falling through the letterbox that filled Dean Windass with foreboding. Windass was a spiky but effective striker whose 18-year senior career had taken him through all four divisions, including spells in the Premier League with Bradford City, Middlesbrough and Hull City, plus the Scottish top flight with Aberdeen.…