NCLAT dismisses Byju’s settlement plea, upholds insolvency – GujaratSamachar English
NCLAT dismisses Byju’s settlement plea, upholds insolvency GujaratSamachar English Read the original article here
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Bankruptcy in Canada: Guide for Employees
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…
Holiday parks in Co Down are sold following insolvency process
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
NCLAT rejects BCCI, Riju Raveendran’s plea for settlement in Byju’s insolvency case Times of India Read the original article here
NCLAT Dismisses Byju’s Settlement Plea, Upholds Insolvency
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…
NCLAT Rejects BCCI, Riju Raveendran’s Plea on Byju’s Insolvency Settlement
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…
Household name women’s shoe company collapses in latest retailer to go bust
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 Rejects Byju’s Settlement Plea, Upholds Insolvency: Rediff Moneynews
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…
TUK declared insolvent as Parliament orders forensic audit into Sh12bn debt
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…