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Can Byju Raveendran still shape Byju’s insolvency outcome?

As Byju’s corporate insolvency resolution process (CIRP) approaches a crucial stage, a key question hangs over India’s once most-valued startup. Does founder Byju Raveendran still have the ability to influence the company’s future? The question has gained renewed significance after a Singapore court sentenced Raveendran to six months in jail for contempt, finding that he…

Long-running surf retailer enters administration

A business that helped shape generations of Sunshine Coast surfers, including 2012 world champion Joel Parkinson, has entered administration, ending a 40-year chapter. Much-loved retail brand Beach Beat’s operating company, Purple Corridor Pty Ltd, was placed into voluntary administration on June 2, according to a notice lodged with the Australian Securities and Investments Commission (ASIC).…

Reading wine business MWH Wine Merchants in liquidation

MWH Wine Merchants Ltd, registered to a trading address in Tidmarsh, has gone into liquidation. The wine merchants were independent and award-winning, according to reporting from the Mirror newspaper. However, official public records show that the business appointed liquidators on May 13. Thomas Edward Guthrie and John William Rimmer, both of BRI Business Recovery and…

Sports Giant in Turmoil: Chain Enters Administration

Voluntary Administration and the Struggles of a Major Retail Chain One of Australia’s largest sports retail chains, Stateside Sport, has voluntarily entered administration. This move is seen as an attempt to rescue the company from its current financial challenges. Antony Resnick and Henry Kwok from advisory firm DVT McLeods were appointed as administrators on May…