Bankrupt Archives

OpIndia Explains

Byju’s: From edtech unicorn to bankruptcy—The meteoric rise and the dramatic fall of an industry giant

Anurag - 16 September, 2024

Byju’s, once valued at $22 billion, faced financial and legal woes due to mismanagement, controversial sales tactics, and legal disputes, leading to office closures and the ousting of its CEO, Byju Raveendran.

News Reports

WeWork’s catastrophic collapse: Tech unicorn files for bankruptcy in US, Canada

ANI - 7 November, 2023

By August this year, WeWork had expressed "substantial doubt" about its ability to remain in business over the next year due to mounting losses and debt.

News Reports

UK’s second largest city Birmingham declares bankruptcy, claims it does not have enough funds for equal pay it owes to female govt employees

OpIndia Staff - 7 September, 2023

Birmingham City Council has reportedly declared bankruptcy and halted non-essential spending due to equal pay claims

World

George Soros-funded Vice Media files for bankruptcy to facilitate sale

OpIndia Staff - 15 May, 2023

Vice Media Group, formerly valued at $5.7 billion, is now facing the possibility of being acquired for $225 million.

News Reports

Go First files for voluntary insolvency: Here is how a faulty engine by US-based Pratt & Whitney is causing the collapse of an Indian...

Raju Das - 3 May, 2023

Go First filed for voluntary insolvency before the National Company Law Tribunal blaming "faulty" Pratt & Whitney engines

News Reports

US-based digital media house Vice Media may soon file for bankruptcy: Report

OpIndia Staff - 3 May, 2023

Vice Media may file for bankruptcy if does not fine a buyer, reports New York Times

News Reports

Former FBR head of Pakistan Shabbar Zaidi, says Pakistan has become bankrupt, not a ‘going concern’ anymore: Details

OpIndia Staff - 18 December, 2021

Zaidi said that teaching of English should be promoted in Pakistan and the teaching of theology to higher grades should be limited.

News Reports

‘Aapne ghabrana nahi’: Watch how Pakistan Embassy in Serbia went rogue, calling out Imran Khan for not paying them for 3 months

OpIndia Staff - 3 December, 2021

Embassy of Pakistan in Serbia has shared a rap song to taunt Pakistan's cash-strapped Imran Khan govt that hasn't paid dues in 3 months

News Reports

London court declares fugitive Vijay Mallya bankrupt

OpIndia Staff - 27 July, 2021

London court declares fugitive Vijay Mallya bankrupt.

World

Cash-strapped Pakistan to now mortgage Islamabad park for 500 billion loan

OpIndia Staff - 25 January, 2021

The preceding governments have also mortgaged roads, buildings and institutions and procured loans through the issuance of bonds, both national and international.

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