Bankruptcy
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Chatbot Platform Character.AI Files For Bankruptcy, Disney To Buy Some Assets
According to Character.AI's proposal, Disney will be a "stalking-horse" bidder - an initial prospective buyer - for a non-exclusive perpetual license to some intellectual property. Other bidders can top Disney's offer.
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How A $1 Billion 'Emotional AI' Startup Collapsed in Just Three Years
Character.AI has filed for Chapter 11 bankruptcy in the US and agreed to sell certain assets to Disney for $20 million. The court-supervised process could conclude by late November or early December 2026.
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LIV Golf Gets $300-Million Lifeline For 2027 Season Amid Bankruptcy
The proposed LIV Golf 2.0 model would see players become equity owners of both the league and its teams.
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Insolvency Regulator Warns Against Misuse Of IBC Provisions For Tax Avoidance, Evading Probes
IBBI has flagged potential misuse of the IBC and asked insolvency professionals to watch for red flags including creditor dominance, low competition and related-party transactions.
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LIV Golf Files For Bankruptcy: Jon Rahm, DeChambeau Among Stars Owed Millions
LIV Golf was backed by Saudi Arabia's Public Investment Fund from its launch in 2022 until April this year, when the sovereign wealth fund decided to step away.
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Byju's Founder Raveendran Sentenced To Six Months In Jail For Contempt Of Court: Report
Byju Raveendran was ordered to serve jail time after the court said he had disobeyed multiple orders related to his assets dating back to April 2024.
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'Spirit 2.0' Explained: How Travellers Are Trying To Buy The Defunct Airline
As per the report, a total of $88,071,428 has been pledged so far, and over 124,750 people expressed their intent to be a founding patron.
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US Carriers Offer 'Rescue Fares' To Fliers As Spirit Airlines Winds Down
Spirit Airlines has been in and out of bankruptcy since 2024, and the White House was recently considering a bailout.
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Water Bankruptcy Era Has Begun For Billions, Scientists Say
A new era has begun of "global water bankruptcy", with humans depleting freshwater systems to the point they can't recover, according to a new United Nations report.
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NCLAT Rejects Equitas SFB's Insolvency Plea Against Jumbo Finvest, Upholds NCLT Order
Earlier, the Jaipur Bench of NCLT had rejected an insolvency plea against Jumbo Finvest.
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Luminar Technologies Files For Bankruptcy Amid Turmoil
The company achieved a valuation of nearly $3 billion after going public in 2020
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13 Accounts, With Rs 55 Crore, Of Reliance Infra Seized In Laundering Case
In a major action against suspected foreign exchange violations, the Directorate of Enforcement (ED), Special Task Force at its Headquarters, has seized assets worth Rs 54.82 crore belonging to Reliance Infrastructure Limited (R-Infra).
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US Court Orders Byju's Founder To Pay Over $1 Billion After Default Ruling
A US bankruptcy court has ordered Byju's founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju's Alpha, the company's US-based financing arm.
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"I'm Basically Homeless": Tourists Kicked Out Mid-Stay After Marriott Hotels' Partner Files For Bankruptcy
Travellers across the globe reported being evicted mid-stay, with some discovering their belongings stuffed into plastic bags and left in hallways as the hospitality firm collapsed.
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RCom Bank Fraud Case: ED Attaches Dhirubhai Ambani Knowledge City Land Worth Rs 4,462 Crore
This came hours after it was reported that the ED has attached assets worth Rs 3,000 crore linked to the Anil Ambani Group in connection with the case.
-
Chatbot Platform Character.AI Files For Bankruptcy, Disney To Buy Some Assets
According to Character.AI's proposal, Disney will be a "stalking-horse" bidder - an initial prospective buyer - for a non-exclusive perpetual license to some intellectual property. Other bidders can top Disney's offer.
-
How A $1 Billion 'Emotional AI' Startup Collapsed in Just Three Years
Character.AI has filed for Chapter 11 bankruptcy in the US and agreed to sell certain assets to Disney for $20 million. The court-supervised process could conclude by late November or early December 2026.
-
LIV Golf Gets $300-Million Lifeline For 2027 Season Amid Bankruptcy
The proposed LIV Golf 2.0 model would see players become equity owners of both the league and its teams.
-
Insolvency Regulator Warns Against Misuse Of IBC Provisions For Tax Avoidance, Evading Probes
IBBI has flagged potential misuse of the IBC and asked insolvency professionals to watch for red flags including creditor dominance, low competition and related-party transactions.
-
LIV Golf Files For Bankruptcy: Jon Rahm, DeChambeau Among Stars Owed Millions
LIV Golf was backed by Saudi Arabia's Public Investment Fund from its launch in 2022 until April this year, when the sovereign wealth fund decided to step away.
-
Byju's Founder Raveendran Sentenced To Six Months In Jail For Contempt Of Court: Report
Byju Raveendran was ordered to serve jail time after the court said he had disobeyed multiple orders related to his assets dating back to April 2024.
-
'Spirit 2.0' Explained: How Travellers Are Trying To Buy The Defunct Airline
As per the report, a total of $88,071,428 has been pledged so far, and over 124,750 people expressed their intent to be a founding patron.
-
US Carriers Offer 'Rescue Fares' To Fliers As Spirit Airlines Winds Down
Spirit Airlines has been in and out of bankruptcy since 2024, and the White House was recently considering a bailout.
-
Water Bankruptcy Era Has Begun For Billions, Scientists Say
A new era has begun of "global water bankruptcy", with humans depleting freshwater systems to the point they can't recover, according to a new United Nations report.
-
NCLAT Rejects Equitas SFB's Insolvency Plea Against Jumbo Finvest, Upholds NCLT Order
Earlier, the Jaipur Bench of NCLT had rejected an insolvency plea against Jumbo Finvest.
-
Luminar Technologies Files For Bankruptcy Amid Turmoil
The company achieved a valuation of nearly $3 billion after going public in 2020
-
13 Accounts, With Rs 55 Crore, Of Reliance Infra Seized In Laundering Case
In a major action against suspected foreign exchange violations, the Directorate of Enforcement (ED), Special Task Force at its Headquarters, has seized assets worth Rs 54.82 crore belonging to Reliance Infrastructure Limited (R-Infra).
-
US Court Orders Byju's Founder To Pay Over $1 Billion After Default Ruling
A US bankruptcy court has ordered Byju's founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju's Alpha, the company's US-based financing arm.
-
"I'm Basically Homeless": Tourists Kicked Out Mid-Stay After Marriott Hotels' Partner Files For Bankruptcy
Travellers across the globe reported being evicted mid-stay, with some discovering their belongings stuffed into plastic bags and left in hallways as the hospitality firm collapsed.
-
RCom Bank Fraud Case: ED Attaches Dhirubhai Ambani Knowledge City Land Worth Rs 4,462 Crore
This came hours after it was reported that the ED has attached assets worth Rs 3,000 crore linked to the Anil Ambani Group in connection with the case.
