The Supreme Court on May 29 issued notice in set of appeals challenging the National Company Law Appellate Tribunal’s (NCLAT) decision allowing insolvency proceedings against embattled edtech giant Byju’s parent company, Think & Learn Pvt Ltd. The apex court sought responses on petitions filed by the Board of Control for Cricket in India (BCCI) and…
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for…
Microsoft continues to scale back its operations in Russia, with a notable development for one of its local subsidiaries. Reuters cited a note filed on the official Fedresurs registry on Friday as revealing that one of Microsoft subsidiaries in Russia plans to file for bankruptcy. Soon after Russia’s illegal invasion of Ukraine in February 2022,…
Uetersen-based Feldmuehle GmbH, a German manufacturer specializing in coated label papers and flexible packaging papers, has filed for insolvency under self-administration as it seeks to restructure and stabilize its operations. Feldmuehle submitted a petition to the local court in Pinneberg to initiate insolvency proceedings in self-administration on 27 May. The court has since approved the…
The struggle for democracy persists as we come into the second half of 2023. As the year progresses, we face lies, corruption, and violence. And so the fight for America will continue as Senate Republicans strive to prevent Democrats from passing even the most popular measures under Biden’s presidency. While prices skyrocket across the country…
Australians who say they have been left stranded overseas and broke after their travel agency collapsed have now been told the company was likely trading while insolvent. Melbourne-based agency Traveldream — which was registered as Australian Travel Deals Pty Ltd and sold discounted flights, cruises and international tour packages — collapsed in April and went…
Insolvency team boost at Manheim Insolvency team boost at Manheim The Business Pages of GoAutoNews Read the original article here
Thurston Group: Yorkshire manufacturer acquires Alsim System Building after firm enters insolvency Yorkshire Post Read the original article here
Builder.ai, the British no-code AI startup once celebrated for its strategic partnership with Microsoft (NASDAQ:MSFT) and a $250 million raise led by the Qatar Investment Authority, announced Tuesday that it is filing for bankruptcy protection. According to Bloomberg, the dramatic fall comes after a major lender, Viola Credit, seized $37 million from the company’s accounts,…
Fantasy werewolves are set to haunt Shiver — the much-anticipated film based on the first novel in the Wolves of Mercy Falls romantasy series which wrapped filming in Vancouver late last year. But the financial wolves at the doors of the movie’s producers have put Shiver on ice — forcing the production company formed to make the film into insolvency…