Showing results for "#Bankruptcy"
Byju’s lenders begin bankruptcy process in US
The group of lenders, which gave Byju’s Alpha $1.4 billion term-loan, petitioned against Neuron Fuel Inc., Epic! Creations Inc. and Tangible Play Inc....
Collapsed crypto firm Terraform Labs files for bankruptcy
The company’s digital assets TerraUSD (UST) and Luna had collapsed and wiped out at least $40 billion in the company’s market value in May 2022.
Marred by turmoils, but best year for crypto
Bitcoin, the crypto’s bellwether asset, is up 160 per cent for the year.
Ebix stock in record plunge after bankruptcy filing
This agreement is part of the strategic decision by the company to seek a value-maximising transaction that will benefit all the stakeholders and put...
Sri Lanka's economy records positive growth for the first time since...
The IMF, which released the second tranche of its $2.9 billion bailout earlier this week, has said that Sri Lanka's overall growth for 2023 would...
Bankrupt crypto platform Genesis sues crypto exchange Gemini to...
Genesis alleges that Gemini, owned by the Winklevoss twins, made "significant withdrawals" before Genesis filed for bankruptcy, contributing to a "run...
Explained: Why WeWork failed, and what is next
WeWork was once the most valuable U.S. startup, worth $47 billion
It’s Chapter 11 for WeWork
Aggressive expansion, weak leasing demand for office space triggered the collapse of the Wall Street darling