“We play with open cards and have only good intentions, so we have nothing to hide,” Prime Minister Orbán said. He contrasted this approach with what he described as the deceitful practices of the opposition, referencing a leaked internal opposition quote—”We can’t tell the truth or we’ll lose the election; first we win, then we…
Mumbai: With a view to increase their accountability, resolution professionals (RPs) could be in for far stricter action under the proposed Insolvency and Bankruptcy Code (Amendment) Bill, 2025, which will empower the “disciplinary committee” to impose penalties of up to ₹2 crore, suspend, or even cancel their registrations for “unlawful gains”. The draft law lands…
The National Company Law Tribunal (NCLT) has dismissed a fresh insolvency plea filed by Exotel Techcom Pvt. Ltd. against Dunzo Digital Pvt. Ltd., noting that the Bengaluru-based hyperlocal delivery startup has already been admitted into the Corporate Insolvency Resolution Process (CIRP). Exotel, an operational creditor, had moved the tribunal under Section 9 of the Insolvency…
Think & Learn Private Limited, the parent company of embattled edtech giant Byju’s, has officially called for potential investors to express their interest in acquiring the firm. The company’s Resolution Professional, Mr. Shailendra Ajmera, issued a formal “Invitation for Expression of Interest” (EOI) September 1, 2025, marking a crucial step under the Corporate Insolvency Resolution…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. An update from JBF Industries Limited ( (IN:JBFIND) ) is now available. JBF Industries Limited has announced that its 43rd Annual General Meeting (AGM) will be held…
An old sweepstakes TV commercial once promised, “Only Publishers Clearing House can make you so rich, so fast!” But, as some unlucky winners discovered this year, the opposite is also true: Publishers Clearing House (PCH) can make your fortune disappear just as quickly. That’s what happened to John Wyllie, a 61-year-old Oregon man who won…
Oregon man won ‘$5K a week forever’ in 2012, spent cash like he was set for life — but Publishers Clearing House went bankrupt. Now he might lose home moneywise.com Read the original article here
The luxury digital commerce industry entered a critical recession phase on September 3, 2025, when LuxExperience B.V., the parent company of Mytheresa, announced plans to eliminate approximately 700 positions across YOOX NET-A-PORTER operations. This announcement coincided with Ssense’s bankruptcy filing in Canadian courts, according to legal documents filed with the Supreme Court of Quebec. According…
New Delhi: In a significant step, Bank of Baroda, one of India’s leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as ‘fraud’, according to an exchange filing. This classification pertains to loans taken before RCom entered the corporate insolvency resolution process (CIRP), the…
Vedanta Group has emerged victorious in the race to acquire Jaiprakash Associates Ltd (JAL), placing a Rs. 17,000 crore bid and edging out rival Adani Group, according to a PTI report. The bid amount translates into JAL’s net present value of Rs. 12,505 crore. The bidding process for JAL saw multiple companies in the fray,…