De Jonge Read founder and executive director Henry ‘Hank’ de Jonge. Pre-insolvency sharks are quick to detect distress and the chance of easy meat, or in the case of Mobius Distilling Company Pty Ltd (Mobius), a decent drink. Mobius was an award winning distiller of millennial gins and other derivatives of Mother’s Ruin. Its two…
RSM to acquire Melbourne insolvency firm Brooke Bird Business News Australia Read the original article here
Supreme Court Issues Notice in Byju’s Insolvency Case on Appeals by BCCI and Director Riju Raveendran The Law Advice Read the original article here
The Supreme Court on Thursday refused to stay the corporate insolvency resolution process (CIRP) of Think & Learn, the parent company of online education services company Byju’s, even as it sought a response from the former’s creditors, Aditya Birla Finance and US lender Glas Trust Co. LLC, and others. Responses have also been sought from…
Administrators have been appointed for commercial building manufacturer Jans Offsite Solutions. The Antrim-based firm, which is a subsidiary of Jans Holdings Ltd, appointed insolvency experts from Keenan Corporate Finance in Belfast on 19 May. According to accounts for the year ending 31 December 2023, Jans Offsite Solutions has 79 employees. It had said that the…
Some current and former staffers at Builder.ai, a once-promising AI start-up, have been issued subpoenas from the US Attorney’s office in Manhattan days after the company declared insolvency. A former high-level employee at the Microsoft-backed company confirmed that, on the advice of counsel, some employees have been asked to preserve documents and other evidence related…
On March 24, 2025, Chancellor Kathaleen McCormick of the Delaware Court of Chancery issued a post-trial opinion in Desktop Metal, Inc. v. Nano Dimension Ltd.,1 ordering the parties to comply with a merger agreement and close a transaction to consummate Nano’s acquisition of Desktop Metal. The decision offers a helpful case study of a deal…
The Supreme Court on Thursday agreed to hear a petition filed by the promoters of tech company Byju’s, seeking to uphold a pre-Corporate Insolvency Resolution Process (pre-CoC) settlement in the company’s insolvency proceedings. The promoters’ lawyers challenged the decision by the Chennai-bench of National Company Law Appellate Tribunal (NCLAT) that denied withdrawal of insolvency proceedings…
Trump’s Inauguration Day: What to expect Donald Trump’s second term as US President will begin with his inauguration on Monday. He plans to sign numerous executive orders and hold a campaign-style rally. Several foreign leaders are invited, and outgoing President Joe Biden will attend. The events are largely funded by Trump’s inauguration committee. Read the…
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