insolvency News

IREDA Drags Gensol to Insolvency Court Over Rs 510 Crore Default Amidst Financial Scandal

IREDA has taken Gensol Engineering to the insolvency court over a Rs 510 crore default, amidst revelations of financial misconduct by its promoters, including misuse of loans and f...

Byju's Co-Founder Vows Comeback Amid Financial Turmoil: 'Broke, Not Broken'

Byju's co-founder Byju Raveendran shares a message of hope amid the company's financial and legal challenges, including insolvency proceedings and allegations of financial mismanag...

Byju Raveendran Exposes EY's Alleged Role in Byju's Insolvency Scandal

Byju Raveendran, CEO of Byju's, accuses EY India of collusion in the company's insolvency proceedings, claiming new evidence submitted to court proves EY acted on behalf of GLAS Tr...

Financial Struggles: 230 Companies at Risk of Insolvency, FSS Reports

The Financial Supervisory Service reports 230 companies at risk of insolvency, with D grade companies showing significant increase. This highlights ongoing financial struggles amid...

Swiss Investigation: Years of Mismanagement Led to Credit Suisse's Collapse

Swiss Parliamentary Investigation Committee attributes Credit Suisse's collapse to 'years of mismanagement.' The report details the bank's worsening financial situation in 2022, wi...