Preserve emails in Byju’s insolvency case: HC

BENGALURU : Granting limited indulgence, the Karnataka High Court Thursday passed an interim order directing the Resolution Professional in the M/s Think and Learn Private Limited, i.e., Byju’s case, to preserve all the emails of conversations between all the stakeholders in the case at hand. These emails would be required for the Corporate Insolvency Resolution…

Zomato share price rises 3% after firm informs of liquidation of its Netherlands subsidiary

Shares of Zomato surged 3% on Friday after the company said it is proceeding with the liquidation of its subsidiary Zomato Netherlands B.V. “…we wish to submit that Zomato Netherlands B.V. (‘Zomato Netherlands”), a step-down subsidiary of Eternal Limited (formerly known as Zomato Limited) (‘the Company”) situated in the Netherlands, has initiated the process of…

ASIC declines to prosecute Bonza despite liquidator’s insolvent trading claims

The corporate regulator has revealed it will not prosecute the directors of Bonza following the collapse of the budget airline last year. The Sunshine Coast-based carrier suspended all flights and entered voluntary administration in April 2024. Liquidators Hall Chadwick alleged the company traded while insolvent. On Friday a spokesperson for the Australian Securities and Investment…