AceZone go bankrupt; Phoenix company established

Headset manufacturer, AceZone, have entered liquidation following bankruptcy proceedings. However, a successor company has already been founded, having purchased the intellectual property to their products. AceZone have become well-known in esports, especially amongst Counter-Strike players, as active noise cancelled (ANC) headsets can often be seen being worn by players and tournament staff. ANC became a…

Brookfield acquires Jet Airways’ office property in Mumbai through insolvency process

In a key development under Jet Airways’ ongoing insolvency proceedings, global alternative investment major Brookfield Asset Management has acquired an additional office floor in commercial tower Godrej BKC in Mumbai’s business district Bandra-Kurla Complex for Rs 370.25 crore, said persons with direct knowledge of the development. The sale was conducted under the Insolvency and Bankruptcy…