Government-owned Central Bank of India on Thursday acquired stakes in two insurance ventures of Future Generali group in India. The bank has acquired a 24.91 per cent stake in non-life firm Future Generali India Insurance Company for Rs 451 crore. It also bought a 25.18 per cent stake in Future Generali India Life Insurance Company…
The story so far: More than eight years have passed since the enactment of India’s Insolvency and Bankruptcy Code (IBC). According to data from the Insolvency and Bankruptcy Board of India (IBBI), creditors have realised ₹3.89 lakh crore under the framework, with a recovery rate of over 32.8% against admitted claims. Why was the IBC…
Anil Ambani’s Reliance Infra Dodges Insolvency New Delhi: In a major relief to Anil Ambani-led Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed an earlier order by the National Company Law Tribunal (NCLT) that had admitted the company into the Corporate Insolvency Resolution Process (CIRP). Following the news, Reliance Infrastructure shares…
Builder.ai Files for Bankruptcy After Creditors Seize Accounts Bloomberg Read the original article here
BYJU’S co-founder challenges GLAS Trust’s authority in insolvency case, calls it ‘fraud’ YourStory.com Read the original article here
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After losses in FTX, which went bankrupt in 2022, Temasek slashes early-stage startup investments by 88% MSN Read the original article here
Rob Cross has been punished after failing to pay over £450,000 in tax. As a result, the former world champion has been “disqualified as a director” of his company after The Insolvency Service found Cross withdrew more than £300,000 from ‘Rob Cross Darts Limited’ between March 2020 and November 2023 that should have gone to…
London Councils forecasts that boroughs’ deficits for Send provision will total £500m by the end of 2026/27 Photo by Kenny Eliason on Unsplash Almost half of London’s local authorities are at “heightened risk” of bankruptcy because of insufficient schools funding from the government, according to London Councils. The cross-party group, which acts as a representative…
Baseball legend Mike Piazza pulled out of talks to buy the bankrupt club on Monday, a day after Giuseppe Corrado decided to withdraw his interest in the club. Parma had sought an investor to clear €22.6m of debt but will now be demoted to Serie D. “The administrators of Parma FC, Dr. Angelo Anedda and…