Tag: Bankruptcy
New owners of Ebix suspend chairman Robin Raina; kick off investigation into financial irregularities
Robin Raina, who was the chairman of Ebix Inc. and all its global subsidiaries, has been suspended from the position by the new board of…
Bankruptcy: IBBI issues guidelines for creditors in insolvency process
The Insolvency and Bankruptcy Board of India (IBBI) the regulator for bankruptcy proceedings in the country has issued 15 point guidelines to the committee of…
NCLT approved record 269 resolution plans in FY24
Mumbai: The National Company Law Tribunal (NCLT) approved a record 269 resolution plans under the insolvency law in 2023-24, which is 42 per cent higher…
Adam Neumann: Adam Neumann submits bid to buy back WeWork: report
Adam Neumann has submitted a bid of more than $500 million to buy back WeWork, the office-sharing company he co-founded and propelled to a $47…
FTX: Bankrupt FTX sells stake in hot AI startup Anthropic
FTX, the bankrupt company once run by disgraced crypto king Sam Bankman-Fried, will sell two-thirds of its shares in hot AI startup Anthropic for $880…
gst on online gaming: Transition to regulated environment painful for online gaming sector: Dream Sports CEO
The transition from an unregulated to a regulated environment has caused a lot of pain for the online gaming industry in India, said Harsh Jain,…
Ronnie Screwvala: Ronnie Screwvala meets edtech founders to discuss impact of Byju’s controversy
Upgrad founders Ronnie Screwvala and Mayank Kumar met with several edtech founders on Wednesday to discuss the impact of the Byju’s controversy on the industry….
Dream11 insolvency: NCLAT tells IRP to take no further steps in Dream11 insolvency; NCLT order to remain for now
The National Company Law Appellate Tribunal, Thursday, noted that the order passed by the National Company Law Tribunal to initiate insolvency proceedings against the parent…
insolvency: IBBI prepares list of 400 insolvency professionals for easy pickings
In a first for the country’s bankruptcy resolution regime, the insolvency regulator has prepared a “common panel” of 400 insolvency professionals (IPs) from those registered…
india: View: India’s GDP not a flash in the pan; time to double down on growth, reforms
As the Indian economy expanded with recent news of an annual growth rate of 7.2%, the key to why India is one of the fastest-growing…