Bankruptcy
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US Department Store JCPenney To Close 7 Stores Across The Country, Check Impacted Locations
American department store chain JCPenney will permanently close seven of its locations across the United States by May 25, 2025.
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"Made Some Business Mistakes": Byju's Founder Amid Crisis
Byju Raveendran, founder of beleaguered edtech giant BYJU'S, acknowledged that the company made "some business mistakes" when it expanded "too fast" to 21 countries due to the 'mandate' from the world-class investors.
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IREDA Files Bankruptcy Proceeding Against Gensol Engineering
Indian Renewable Energy Development Agency (Ireda) on Wednesday said it filed a bankruptcy application against beleaguered Gensol Engineering before the National Company Law Tribunal.
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Celsius Founder Alex Mashinsky Gets 12 Years Prison for Crypto Fraud
Celsius founder Alex Mashinsky was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud. Federal prosecutors said Mashinsky, 59, misled customers about Celsius' safety, and artificially inflated the value of Celsius' proprietary token Cel.
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KTM Financial Headwinds: Can Partnership With Bajaj Auto Turn Things Around?
KTM is grappling with bankruptcy ands unsold inventory. We explore what went wrong, how can Bajaj Auto handle the situation and what the future holds for the world's best-selling premium motorcycle manufacturer.
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Fugitive Businessman Vijay Mallya Loses Appeal Against UK Bankruptcy Order
Indian tycoon Vijay Mallya on Wednesday lost an appeal against a bankruptcy order made by London's High Court over a more than 1 billion-pound ($1.28 billion) debt to lenders including the State Bank of India.
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End Of Bikini Nights? US Restaurant Chain Hooters Files For Bankruptcy Amid Founder-led Buyout Plan
Hooters of America filed for bankruptcy protection while announcing plans to bring back its founders as part of a deal with franchisees who already own a significant portion of Hooters restaurants, ensuring continued operation during reorganization.
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Forever 21 Files For Bankruptcy, Plans US Liquidation
Apparel retailer Forever 21 said Monday it commenced voluntary bankruptcy proceedings in the United States, beginning plans for an "orderly wind down" of US stores, while pursuing in parallel a possible sale.
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Vijay Mallya Pursues Annulment Of UK Bankruptcy Order Over "Unreal Quality"
Vijay Mallya believes Indian banks pursuing bankruptcy proceedings against him in the English courts have assumed an "unreal quality" and has instructed his lawyers to pursue annulment application.
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"Band Aid For Bullet Wounds": Rahul Gandhi On Union Budget 2025
Congress's Rahul Gandhi today called the Union Budget 2025 a "band aid for bullet wounds" and said the government was suffering from a "bankruptcy of ideas".
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Montenegro Extradites Crypto Entrepreneur Do Kwon To US
Montenegro on Tuesday extradited to the United States the South Korean cryptocurrency specialist Do Kwon, who is also wanted by Seoul over his firm's multi-billion-dollar bankruptcy, officials said.
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In Joe Biden's Tribute To Manmohan Singh, A US-India Civil Nuclear Deal Mention
Manmohan Singh, who was known as one of the architects of economic reforms in 1991 that pulled India from the brink of bankruptcy, died Thursday at 92.
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Elon Musk Makes Bold Claim, Says Bill Gates Could Go Bankrupt Over This Reason
The statement has reignited the long-standing feud between Musk and Gates.
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"America Going Bankrupt Super Fast": Elon Musk Offers Solution
Billionaire Elon Musk, tasked by President-elect Donald Trump to rein in the excessive US spending, has warned that America could be nearing the verge of bankruptcy.
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Byju's US Units Wrongly Stripped Of Education App, Court Rules
Two money-making education apps that are part of the troubled Byju's software empire were wrongly transferred away from US lenders and must be returned to a court-supervised bankruptcy trustee, a federal judge ruled Tuesday.
-
US Department Store JCPenney To Close 7 Stores Across The Country, Check Impacted Locations
American department store chain JCPenney will permanently close seven of its locations across the United States by May 25, 2025.
-
"Made Some Business Mistakes": Byju's Founder Amid Crisis
Byju Raveendran, founder of beleaguered edtech giant BYJU'S, acknowledged that the company made "some business mistakes" when it expanded "too fast" to 21 countries due to the 'mandate' from the world-class investors.
-
IREDA Files Bankruptcy Proceeding Against Gensol Engineering
Indian Renewable Energy Development Agency (Ireda) on Wednesday said it filed a bankruptcy application against beleaguered Gensol Engineering before the National Company Law Tribunal.
-
Celsius Founder Alex Mashinsky Gets 12 Years Prison for Crypto Fraud
Celsius founder Alex Mashinsky was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud. Federal prosecutors said Mashinsky, 59, misled customers about Celsius' safety, and artificially inflated the value of Celsius' proprietary token Cel.
-
KTM Financial Headwinds: Can Partnership With Bajaj Auto Turn Things Around?
KTM is grappling with bankruptcy ands unsold inventory. We explore what went wrong, how can Bajaj Auto handle the situation and what the future holds for the world's best-selling premium motorcycle manufacturer.
-
Fugitive Businessman Vijay Mallya Loses Appeal Against UK Bankruptcy Order
Indian tycoon Vijay Mallya on Wednesday lost an appeal against a bankruptcy order made by London's High Court over a more than 1 billion-pound ($1.28 billion) debt to lenders including the State Bank of India.
-
End Of Bikini Nights? US Restaurant Chain Hooters Files For Bankruptcy Amid Founder-led Buyout Plan
Hooters of America filed for bankruptcy protection while announcing plans to bring back its founders as part of a deal with franchisees who already own a significant portion of Hooters restaurants, ensuring continued operation during reorganization.
-
Forever 21 Files For Bankruptcy, Plans US Liquidation
Apparel retailer Forever 21 said Monday it commenced voluntary bankruptcy proceedings in the United States, beginning plans for an "orderly wind down" of US stores, while pursuing in parallel a possible sale.
-
Vijay Mallya Pursues Annulment Of UK Bankruptcy Order Over "Unreal Quality"
Vijay Mallya believes Indian banks pursuing bankruptcy proceedings against him in the English courts have assumed an "unreal quality" and has instructed his lawyers to pursue annulment application.
-
"Band Aid For Bullet Wounds": Rahul Gandhi On Union Budget 2025
Congress's Rahul Gandhi today called the Union Budget 2025 a "band aid for bullet wounds" and said the government was suffering from a "bankruptcy of ideas".
-
Montenegro Extradites Crypto Entrepreneur Do Kwon To US
Montenegro on Tuesday extradited to the United States the South Korean cryptocurrency specialist Do Kwon, who is also wanted by Seoul over his firm's multi-billion-dollar bankruptcy, officials said.
-
In Joe Biden's Tribute To Manmohan Singh, A US-India Civil Nuclear Deal Mention
Manmohan Singh, who was known as one of the architects of economic reforms in 1991 that pulled India from the brink of bankruptcy, died Thursday at 92.
-
Elon Musk Makes Bold Claim, Says Bill Gates Could Go Bankrupt Over This Reason
The statement has reignited the long-standing feud between Musk and Gates.
-
"America Going Bankrupt Super Fast": Elon Musk Offers Solution
Billionaire Elon Musk, tasked by President-elect Donald Trump to rein in the excessive US spending, has warned that America could be nearing the verge of bankruptcy.
-
Byju's US Units Wrongly Stripped Of Education App, Court Rules
Two money-making education apps that are part of the troubled Byju's software empire were wrongly transferred away from US lenders and must be returned to a court-supervised bankruptcy trustee, a federal judge ruled Tuesday.
