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Headlines
Russia’s Largest Crypto Miner BitRiver Faces Bankruptcy as CEO Under House Arrest
BitRiver, Russia’s largest crypto mining firm, is facing potential bankruptcy after a regional arbitration court opened insolvency supervision proceedings against its controlling shareholder, Decrypt.com reported. Igor Runets,…
NCLT Admits Smaaash Leisure into Insolvency
The bankruptcy court has admitted Smaaash Leisure, a premium bowling and entertainment format operator, under the corporate insolvency resolution process (CIRP) in an application filed by JC Flowers Asset Reconstruction after the…
Brazil’s Fictor Holding Files for Bankruptcy Amid Fallout From Failed Acquisition Attempt
Fictor Holding filed for bankruptcy protection in Brazil, with its holding company and a financing firm seeking to restructure 4 billion reais (about $763 million) in debt, Bloomberg reported. The Brazilian firm’s other companies…