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The Supreme Court had on October 23 last year allowed an appeal filed by US-based financial creditor Glas Trust challenging the NCLAT decision to halt insolvency proceedings initiated against Think & Learn, the parent company of Byju’s.

The judgment set aside the NCLAT order which accepted a settlement between Byju Raveendran and the BCCI, on whose plea the NCLT Bengaluru in July had admitted Byju’s to the insolvency process. By its October order, the apex court remitted the matter back to NCLT to consider the application for settlement afresh.

Subsequently, Glas Trust and Aditya Birla Finance moved applications before the NCLT contending that the RP had recognised only one financial creditor, resulting in a CoC composed of a single…

WASHINGTON — Republican and Democratic members of a House education panel agreed Wednesday that K-12 schools need a stronger focus on improving academic outcomes for students — but they had vastly different views on the direction the nation’s schools should take.

The nearly three-hour hearing, which is the first held by the Education and Workforce Committee in the 119th Congress, covered topics such as…

A petition for court supervision of the liquidation of a Cayman-based online cryptocurrency casino start-up that raised US$8.3 million has been lodged after it was alleged a founder had “misappropriated” most of its assets.

The Grand Court in Cayman was told by the joint voluntary liquidators that Zero Edge Corp. had liabilities of US$829,591 and estimated assets of about US$107,000 and that Richard Kim, a founder and ex-director of the company, could not be contacted.

The writ from George Town liquidators Arkus Advisory said, “In late June 2024, it was discovered that [Kim] had allegedly misappropriated the majority of the company’s funds and assets.”

It added that the company and some investors referred the matter…

SANTA ANA, Calif. (AP) — The former interpreter for baseball star Shohei Ohtani is set to be sentenced for bank and tax fraud after he stole nearly $17 million from the Los Angeles Dodgers player’s bank account.

Ippei Mizhuara was supposed to bridge the language gap between the Japanese pitcher — who previously played for the Los Angeles Angels of Anaheim — and his English-speaking teammates and fans. Instead, Mizuhara exploited the language barrier to isolate Ohtani and profit from his proximity to the two-way player ’s power.

Mizuhara pleaded guilty last year to federal charges after he was accused of siphoning money out of Ohtani’s bank account to cover sports gambling bets and debts in a case that has stoked an international…

WASHINGTON — Republican and Democratic members of a House education panel agreed Wednesday that K-12 schools need a stronger focus on improving academic outcomes for students — but they had vastly different views on the direction the nation’s schools should take.

The nearly three-hour hearing, which is the first held by the Education and Workforce Committee in the 119th Congress, covered topics such as…

Clarke Homes, which formerly traded as Hotondo Homes, has been placed into administration following a meeting with creditors held on Wednesday.

Documents reveal the company owes employees wages and salaries, annual leave, personal leave, and superannuation.

Clarke Homes owes more than 100 creditors in excess of $3.1 million.

Jason Porter and Joshua-Lee Robb of SV Partners have been appointed as administrators.

“We have been working with the Company to obtain all the Company’s books and records including information on customer projects,” the pair said in a statement to clients.

“It is our intention to assist…