India’s insolvency court admitted the plea following a petition filed by India’s cricket body BCCI for the edtech defaulting on dues of about $19.14 million
insolvency
Latest in insolvency
Flight cancellation
Troubled Indian airline Go First extends flight cancellations till May 12
The airline has blamed engine-maker Pratt & Whitney for its fresh troubles and said that their faulty engines have resulted in the grounding of 50 per cent of its fleet
Abraaj downfall
Abraaj scandal: the world’s largest private equity insolvency
Liquidators overseeing Abraaj Group’s insolvency now estimate chief executive officer Arif Naqvi’s alleged theft to have cost the firm $385 million, an amount significantly more than what prosecutors claimed.
Airline
India’s Vistara, SpiceJet said to mull bid for Jet Airways
London-based Adi Group and the Jet Airways Employees Union said they would bid for a 75 percent stake in Jet
Banking & Finance
Saudi Arabia’s bankruptcy law comes into effect
Saudi Arabia’s comprehensive regulations aim to tackle insolvency cases