Bankruptcy Order
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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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Top Court Recalls Orders For Liquidation Of Bhushan Steel And Power Limited
The Supreme Court on Thursday recalled its May 2 verdict, which had ordered the liquidation of Bhushan Steel and Power Limited (BSPL).
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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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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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US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
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Ex-New York Mayor Rudy Giuliani Files For Bankruptcy
Rudy Giuliani, Donald Trump's former personal lawyer, filed for bankruptcy on Thursday, just days after being ordered to pay $148 million in damages for defaming two Georgia poll workers.
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FTX’s Sam Bankman-Fried Denies Allegations of Witness Tampering, Accepts Gag Order
Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors' claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept a gag order, they said in a letter to the judge in the criminal fraud case.
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FTX's Sam Bankman-Fried Denied Bail in the Bahamas, Chances of Extradition to the US Increased, Experts Say
FTX's Sam Bankman-Fried was denied bail in the Bahamas on Tuesday, and the judge ordered the former CEO to be held at the Bahamas Department of Corrections until at least February 8. The failure to secure his release on bail has increased the chance that Bankman-Fried could be extradited to the US to faces charges of fraud, according to legal exper...
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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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.
-
Top Court Recalls Orders For Liquidation Of Bhushan Steel And Power Limited
The Supreme Court on Thursday recalled its May 2 verdict, which had ordered the liquidation of Bhushan Steel and Power Limited (BSPL).
-
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.
-
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.
-
US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
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Ex-New York Mayor Rudy Giuliani Files For Bankruptcy
Rudy Giuliani, Donald Trump's former personal lawyer, filed for bankruptcy on Thursday, just days after being ordered to pay $148 million in damages for defaming two Georgia poll workers.
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FTX’s Sam Bankman-Fried Denies Allegations of Witness Tampering, Accepts Gag Order
Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors' claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept a gag order, they said in a letter to the judge in the criminal fraud case.
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FTX's Sam Bankman-Fried Denied Bail in the Bahamas, Chances of Extradition to the US Increased, Experts Say
FTX's Sam Bankman-Fried was denied bail in the Bahamas on Tuesday, and the judge ordered the former CEO to be held at the Bahamas Department of Corrections until at least February 8. The failure to secure his release on bail has increased the chance that Bankman-Fried could be extradited to the US to faces charges of fraud, according to legal exper...
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
