Canadian-Owned Venezia Averted Insolvency, All Thanks to Drake

In a story that reads like the script of a Hollywood film, one of the world’s most famous musicians, Canadian rapper Drake, emerged as the unlikely hero for an Italian club on the brink of financial collapse, World Soccer Talk reported. Venezia, a club steeped in history but battling financial turmoil, found an unexpected lifeline in Drake. His intervention was crucial in saving the club from bankruptcy and ensuring its survival. The Winged Lions, based in the iconic city of Venice, experienced a rollercoaster ride in recent years.

Italy
Canada
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Glas Trust Company Challenges NCLAT Order; Supreme Court to Hear Matter on Monday

Glas Trust Company has filed the plea challenging the NCLAT order which quashed the bankruptcy proceedings against BYJU in the Supreme Court, LegalWorld.com reported. The matter will be heard on August 12. The NCLAT quashed the bankruptcy proceedings against BYJU after a settlement was reached between Board of Control for Cricket in India (BCCI) and BYJU, wherein the ed-tech agreed to pay off its dues of INR 158 Cr. Glass Trust opposed the settlement on the grounds on possibly jeopardizing of their financial interest while settling the BCCI debt.

India
United States
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