What is an appropriate thank-you gesture (note, gift, or otherwise) for in-laws who help pay off student loan debt? G.H. / Boston I am so very tempted to say grandchildren, because I am the reincarnation of a Borscht Belt comic. Thank you for letting me get that out of my system and for such a…
The Kerala GST Department issued Standard Operating Procedure (SOP) vide SGST/973/2023-LEGAL3 dated November 21, 2023, for the Insolvency and Bankruptcy Code (IBC), 2016 cases before the National Company Law Tribunal (NCLT). The Insolvency and Bankruptcy Code (IBC), 2016, was enacted to consolidate the fragmented laws pertaining to insolvency. The IBC handles the insolvency proceedings cases…
Defunct buy now pay later business Openpay was put into voluntary liquidation late last week after attempts to sell or recapitalise the business failed. Openpay collapsed into receivership in February this year owing more than $66.1 million to creditors, $4.1 million in unpaid leave and wages to employees, and with just $1.2 million left as…
Reuters. Eagle Group has successfully won the bid to acquire the debt-laden Sumeet Industries, with a majority of lenders, including Bank of Baroda and IDBI Bank approving the acquisition plan. The deal, valued at 231 crore, was sealed with a 74.90% affirmative vote from the creditors. The purchase agreement stipulates an upfront payment of 203…
NEW DELHI: Top level exits at troubled edtech startup Byju’s continue. The firm’s chief technology officer (CTO) Anil Goel is leaving the company after three years, amid a broad restructuring process that India CEO Arjun Mohan is spearheading.In a statement on Monday, the firm said Jiny Thattil has been elevated as the new CTO. Thattil…