BAKU, Azerbaijan, May 20. Azerbaijan’s Gunay Bank OJSC, whose license was revoked by the Central Bank of Azerbaijan (CBA) on May 16, has been declared bankrupt, Trend reports. This decision was made by the Baku Commercial Court. According to the decision, the Azerbaijan Deposit Insurance Foundation was appointed as the liquidator of the bank. The…
A former gambling addict has lifted the lid on his destructive habit, revealing that he often blew his entire monthly paycheck within 48 hours. Adam Wood, 24, started gambling at the age 16, with small bets placed on football matches. But while this seemed harmless at the time, it ended up being the first step…
The Wadia Group is a prominent Indian conglomerate with interests in textiles, real estate, FMCG and aviation, among other sectors. The recent announcement by the group’s aviation arm, GoFirst, to undergo voluntary insolvency under the Insolvency and Bankruptcy Code (IBC) has generated significant interest in the market. It would be the first voluntary insolvency application,…