Articles – Landmark Judgments of Supreme Court on Insolvency and Bankruptcy Code (IBC) – The Law Advice
Articles – Landmark Judgments of Supreme Court on Insolvency and Bankruptcy Code (IBC) The Law Advice Read the original article here
Is the University going bankrupt?
The University of York is facing a financial crisis and are consequently trying to lower their running costs, but there is significant concern about how this will affect students’ experience, as well as the quality of teaching. Nouse spoke to a staff member from the TFTI department who said: “Every department had to produce a…
Abhishek Bachchan, who quit college when dad Amitabh went bankrupt, says he will ‘turn heaven and earth upside down’ to not lose money in business | Bollywood News
Abhishek Bachchan, who has been an entrepreneur for many years now, recently spoke about his investments, and said that there was a time when he was signing films just to fund his sporting business. But, he said, that isn’t the case anymore. The actor said that this strategy took the joy out of creative work,…
Owner of defunct Ponsonby restaurant SPQR declared bankrupt – Stuff
Owner of defunct Ponsonby restaurant SPQR declared bankrupt Stuff Read the original article here
GuardKnox collapses after raising $60 million, blames war for lost funding
Israeli auto-tech company GuardKnox, which has raised $60 million to date, has filed for insolvency after accumulating debts of NIS 11 million ($3.06 million). Founded in 2016 by Israel Air Force veterans Moshe Shlisel, Dionis Teshler (who was the company’s CTO before leaving two and a half years ago), and Idan Nadav, Guardknox developed an…
Former SPQR owner Chris Rupe declared bankrupt as liquidators claw back restaurant trademark
The report also noted Rupe undertook a sale and transfer of the “SPQR” trademark to a related party prior to liquidation. McCullagh and Lawrence established that while the sale had not been completed, the trademark was transferred to the related party. The liquidators recently organised the transfer of the trademark back to the company and…
Turnover up as restructuring and insolvency practice plots growth course
Opus Restructuring & Insolvency, the restructuring and insolvency firm, is marking a significant milestone at its Nottingham office with a 46% rise in turnover. Established in 2021 by Louise Williams, the Nottingham branch has grown from a single-person operation during the OVID restrictions to a team of seven professionals. The Nottingham office has expanded its…
The Real “Deal”: Implementation of Resolution Plan under the Insolvency and Bankruptcy Code, 2016
Section 5(26)1 of the Insolvency and Bankruptcy Code, 2016 (IBC or Code) defines a “resolution plan” as one proposed by a resolution applicant for resolving a corporate debtor’s insolvency as a going concern, while Section 302 concerns its submission to the resolution professional (RP). While the IBC and associated Regulations form a complete Code on…
The Container Store could be the next big chain to go bankrupt | Consumer Watch
New York (CNN) — Even the power of Marie Kondo may not be enough to save the Container Store. In 2019 and 2020, the Container Store got a big boost from “Tidying Up,” the hit Netflix show from the home de-cluttering evangelist. Customers rushed into stores to buy storage bins, pantry and drawer organizers, shelves…
We’re watching Trump’s 7th bankruptcy unfold
As a businessman, Donald Trump ran 6 businesses that declared bankruptcy because they couldn’t pay their bills. As the president running for a second term, Trump is repeating some of the mistakes he made as a businessman and risking the downfall of yet another venture: his own political operation. In the 1980s, Trump was a…