• Vasile Hrusca used funds from his failing company to pay off the remaining balance on a high-performance Audi he bought the previous year 
• Hrusca also committed theft by selling-on plant equipment worth almost £90,000 which was still subject to two hire purchase agreements 
• The 40-year-old was handed a suspended sentence and director disqualification after pleading guilty to theft and fraudulently removing company property 

A builder who used company funds to pay for his high-performance car and stole almost £90,000 in plant machinery has been given a suspended sentence. 

Vasile Hrusca withdrew more than £67,000 from his own failing company in 2019 to pay off the remaining balance on a hire purchase agreement for an…

Books Inc., the San Francisco Bay Area’s oldest independent bookstore chain, announced on January 21, 2025, that it has filed for voluntary reorganization under Chapter 11 bankruptcy protection.  This strategic move aims to address ongoing financial challenges stemming from rising operating costs and shifts in consumer purchasing behaviors, issues that were intensified by the COVID-19 pandemic.

As part of the reorganization plan, Books Inc. will close its Berkeley store on February 9, 2025. Efforts are being made to transfer affected staff to the company’s remaining ten locations across the East Bay, Peninsula, San Francisco, and San Francisco International Airport. Customers holding gift cards from the Berkeley store…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

National Company Law Tribunal, New Delhi: In an application filed by Bollywood actor Akshay Kumar against Cue Learn Private Limited, a company providing tutoring services, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, a Division Bench of Manni Sankariah Shanmuga Sundaram* (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member), held that the alleged claim-debt did not qualify as operational debt under Section 5(21) of the IBC and dismissed the application.

In the instant matter, the Applicant entered into an Endorsement Agreement with the respondent on 08-03-2021 to endorse the respondent’s services. The…