VerSe Innovations files insolvency case against Planet Marathi’s Akshay Bardapurkar

New Delhi: VerSe Innovations, the parent company of platforms like Dailyhunt and Josh, has filed personal insolvency proceedings against Akshay Bardapurkar, the founder of Planet Marathi.  The petition, submitted under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, alleges financial default and breach of contractual obligations by Bardapurkar. The matter pertains to an agreement…

Insolvency-bound Jaiprakash Associates must be sold as one unit, not by dividing assets: NCLT

The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals. The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates…

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