Foreign creditors move U.S. bankruptcy court against 3 entities linked to BYJU’s
The bankruptcy plea filed for allegedly siphoning off funds from three units linked to Alpha, BYJU's U.S. subsidiary
The bankruptcy plea filed for allegedly siphoning off funds from three units linked to Alpha, BYJU's U.S. subsidiary
Troubles mount as BYJU'S foreign lenders had last week also filed an insolvency plea against it before NCLT
IBC 2.0 may include a full-fledged individual insolvency framework, pre-packaged insolvency for bigger corporates, group insolvency framework and use of tech in IBC.
Go First had filed for insolvency with Delhi bench of NCLT citing operational losses caused due to ever-increasing failure of Pratt & Whitney engines that power its fleet.
McLeod will be the third business that Williamson Magor Group loses after Eveready Industries and McNally Bharat Engineering.
Unlike the stock market where stocks are held in a demat with a depository and have no broker risk, crypto with exchanges carry a risk, cautions Nithin Kamath
Central bank to approach NCLT for start of resolution process
With a debt recovery of 20% and liquidation of 29.7% cases, five years on, the Insolvency & Bankruptcy Code is hurting banks, businesses and the economy.
Ever since India’s bankruptcy law came into being, several businessmen have sprung up with ‘eye-popping’ offers for their fallen stars at the risk of delaying the insolvency process.
The proposal to sell residential properties through a piecemeal resolution process falls flat as some big creditors oppose it for the fear of overall failure.