Insolvency Guardian Media Centre
In another blow to embattled edtech giant Byju’s, the Supreme Court has declined to allow the withdrawal of insolvency proceedings against the company, despite a proposed settlement with the Board of Control for Cricket in India (BCCI).
The cricket board, which had filed for insolvency over unpaid sponsorship dues of Rs 158 crore, sought to withdraw the petition after reaching a settlement with Byju’s and receiving assurances of payment from Riju Raveendran, a promoter of the company. Raveendran also petitioned the court, urging a halt to the process in light of the proposed deal.
However, the Supreme Court upheld earlier rulings by the National Company Law Tribunal and the appellate tribunal, which had rejected the withdrawal…
Read the original article here
Martine Mcutcheon ‘declared bankrupt’ just months after heartbreaking split from husband MSN
Read the original article here
SC dismisses appeals of BCCI, BYJU’S promoters against NCLAT order in insolvency withdrawal case Big News Network.com
Read the original article here
New Delhi: The Supreme Court on Monday upheld the National Company Law Appellate Tribunal’s (NCLAT) order rejecting the appeals filed by the Board of Control for Cricket in India (BCCI) and Byju’s co-founder Riju Raveendran seeking withdrawal of insolvency proceedings initiated against the embattled edtech company.
A bench comprising Justices J B Pardiwala and R Mahadevan dismissed the joint appeals challenging the April 17 decision of the Chennai bench of NCLAT, which had affirmed the order passed by the National Company Law Tribunal (NCLT) in Bengaluru. The NCLT had on February 10 directed that the settlement proposal submitted by BCCI and Raveendran be placed before the newly constituted Committee of Creditors (CoC) of Byju’s…
Read the original article here
McWilliam’s Wines’ Hanwood Estate vineyard
Tim Mableson is an expert in deal advisory and restructuring, and is the national leader in agriculture and wine sectors for KPMG Australia. He has worked as a voluntary administrator for numerous high-profile wine businesses such as McWilliams Wines, Fox Creek and Salena Estates. Here, he patiently explains the intricacies of voluntary administration to journalist Meg Riley. This article does not seek to provide financial instruction or advice, but merely aims to demystify the process of calling in administrators—what does it mean, what are the possible outcomes, when should you make the call?
Business ownership is a tough gig, whether wine industry or otherwise. With the family…
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
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….
Read the original article here
Read the original article here
Windhoek woman declared bankrupt over N$41 million theft claims The Namibian –
Read the original article here
The former promoters of Bhushan Steel and Power Ltd on Monday urged the Supreme Court to accord an open court hearing to their plea seeking review of the May 2 verdict ordering liquidation of BSPL under the Insolvency and Bankruptcy Code.
The top court had on May set aside the resolution plan submitted by JSW Steel for the BSPL, holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC).
A bench comprising Justice Bela M Trivedi (since retired) and Justice Satish Chandra Sharma had also ordered the liquidation of BSPL under the IBC.
The former promoters of BSPL were Sanjay Singhal and his family, specifically including his father Brij…
Read the original article here
Mexican restaurant chain faces Chapter 7 bankruptcy, liquidation TheStreet
Read the original article here
Latest monthly statistics from the Insolvency Service show that business and personal insolvencies increased in Northern Ireland in June 2025.
The data showed that there were 25 business insolvencies registered, 47% higher than in June 2024. The insolvencies comprised of 14 compulsory liquidations, seven CVLs, three CVAs and one administration. There were no receivership appointments.
Personal insolvency data showed that there 167 personal insolvencies in Northern Ireland. This was 33% higher than in June 2024.
There were 124 IVAs, 12 bankruptcies and 31 DROs.
Read the original article here
Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell by 4% in June 2024.
The data showed that there were 105 business insolvencies registered in Scotland, 4% lower than the number in June 2024.
The insolvencies comprised of 62 CVLs, 37 compulsory liquidations, five administrations and one CVA.
There were no receivership appointments.