A US bankruptcy court has reversed a $1 billion damages ruling against Byju Raveendran, according to a statement from the founders of Think and Learn Pvt Ltd - the parent firm of ed-tech platform Byju's.
Byju's founder Byju Raveendran is preparing to file a $2.5 billion damages claim, alongside new evidence in a US court that he says disproves GLAS Trust's allegations that $533 million in 'Alpha Funds' was diverted by the company's founders.
The company, founded by Titanic director James Cameron, has filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code, Digital Domain said in a late night statement on Tuesday.
Cited a greater-than-expected decline of the media industry.
Eastman Kodak has said the US bankruptcy court has approved its bid to sell more than 1,100 patents related to digital imaging, a move aimed at restructuring the company that once led the photography market.
JPMorgan Chase was "at the very centre" of Madoff Ponzi scheme
LyondellBasell on Wednesday said it has won the US bankruptcy court's approval for reaching a settlement with its creditors, paving the way for the chemical giant to emerge from bankruptcy.
Sterlite Industries, the flagship firm of London-listed Vedanta, may get the support of rival bidder Harbinger Capital Partners in its takeover plan for the bankrupt US copper mining firm, Asarco. Harbinger has decided to withdraw from the race, informing the bankruptcy court that its plan to restructure Asarco should not be considered.
Asarco's unsecured creditors will support Sterlite Industries, the flagship firm of London-listed Vedanta group, in the bidding war for the bankrupt US copper mining firm.
The Hare Krishna Movement has about 100,000 members in the US and one million worldwide, Dasa said adding, the settlement eventually would allow the US organisation to emerge from bankruptcy.
A Houston-based law firm has agreed to pay Enron $2.8 million to settle a lawsuit to recover fees the energy company paid it before becoming bankrupt in December 2001.
'As a professional fighter who relied on others to manage his affairs, he discovered that his debts far exceeded his assets,' his attorney Debra Grassgreen said.
Creditors for Enron Corp. have asked a court to order the company's former chairman Kenneth Lay and his wife to hand over more than $70 million in loans they received from the bankrupt energy trader.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
The move by Westinghouse, which is to build six reactors in India under the Indo-US civil nuclear deal inked in 2008, has raised uncertainties over the future of the implementation of the historic pact.
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances