Buzzy startup Blippar was said to be valued at $1 billion and held talks to sell to Snap. It is now on the brink of death. – Business Insider Australia

Augmented reality firm Blippar, one of the UKs best-funded startups, is close to collapse. According to The Sunday Times, its chairman has written to shareholders warning of a dispute between two investors. Malaysian sovereign wealth fund Khazanah has reportedly blocked property tycoon Nick Candy from injecting further funding into Blippar. There have been months of…

Viceroy Hotels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

Sub: Extension of Corporate Insolvency Resolution Process (`CIRP) for further period of 45 days. Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg. With reference to the above cited subject, I would like to inform that the Honorable National Company Law Tribunal, Hyderabad Bench (NCLT) vide its Order…

Netherlands Dutch jobs board Jobbird goes bankrupt, founder fails to notify employees – Staffing Industry Analysts

Daily News View All News 10 December 2018 Jobbird, a Dutch job board, declared bankruptcy last week with the groups founder seemingly failing to inform its employees. According to Sprout.nl, Jobbird founder Jan-Peter Cruiming filed for bankruptcy behind the scenes and did not notify employees. Staff at Jobbird were given notice of dismissal last week…

Sears Chairman Edward Lampert bids $4.6 billion to rescue iconic retailer from bankruptcy – Chicago Tribune

The hedge fund run by Sears Chairman Edward Lampert is offering to buy many of the bankrupt retailers remaining assets for about $4.6 billion with hopes of keeping the chain in business and continuing to employ about 50,000 of its workers. The bid from Lamperts ESL Investments includes about 500 Sears and Kmart stores, headquarters…

NCLT dismisses HDFC plea for initiating insolvency proceedings against RHC Holding – Economic Times

The National Company Law Tribunal (NCLT) Thursday dismissed the plea of HDFC Ltd to initiate insolvency proceedings against RHC Holding, a non-banking financial company promoted by Singh Brothers — Malvinder Mohan Singh and Shivinder Mohan Singh. A two-member principal bench headed by NCLT President Justice M M Kumar dismissed the plea of HDFC Ltd, which…