What happens to employees when a company goes bankrupt? When a company in Canada files for bankruptcy or begins restructuring under the Companies’ Creditors Arrangement Act (CCAA), employees are often left wondering what happens to their jobs, severance pay, and benefits. At Samfiru Tumarkin LLP, we’ve helped thousands of non-unionized employees navigate mass layoffs and…
Exclusive | Windsor Holiday Park and Seahaven Residential Park A buyer has been found for two holiday parks in Co Down after the business behind them went into administration, the Belfast Telegraph can reveal. Blackpool Rock, Lifestyle Homes N Ireland, Lifestyle Seeview, Lifestyle Living (NI) and Park Homes (NI) entered insolvency proceedings in December. Read the…
NCLAT rejects BCCI, Riju Raveendran’s plea for settlement in Byju’s insolvency case Times of India Read the original article here
Chennai: The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals 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. They had challenged the order passed by the Bengaluru bench of…
They had challenged the order passed by the Bengaluru bench of the National Company Law Tribunal, which had on February 10, 2025 directed to place their settlement offer before the new Committee of Creditors (CoC), in which US-based Glas Trust, the trustee for lenders to which Byju’s owes USD 1.2 billion, is a member. Last…
By ASHLEY NICKEL FOR DAILY MAIL AUSTRALIA Published: 16:37 AEST, 16 April 2025 | Updated: 18:45 AEST, 16 April 2025 Wittner – one of Australia’s leading footwear brands – has gone bust after more than 100 years in business. The iconic women’s shoe company, established in 1912, has over 20 branded stores in Australia and…
NCLAT dismisses appeals by BCCI and Riju Raveendran seeking withdrawal of insolvency proceedings against Byju’s, upholding the NCLT order that requires settlement approval from the Committee of Creditors. New Delhi, Apr 18 (PTI) The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by BCCI and Riju Raveendran seeking withdrawal of insolvency…
The Technical University of Kenya (TUK) has officially been declared financially insolvent by the National Assembly, as fresh revelations expose deep-rooted mismanagement and a staggering Sh12 billion debt burden that has crippled the institution. This comes amid shocking disclosures that no employee at TUK has received a full salary since 2013, the same year…
“Genetic data is immutable and can reveal very personal details about you and your family members,” the Electronic Frontier Foundation cautioned in a blog post about 23andMe’s potential sale last year. If your relatives have used 23andMe in the past, your data is also at risk. Because some DNA is passed on from parent to…
Technical University of Kenya Declared Insolvent, Faces Collapse MSN Read the original article here