Friday, 24 March, 2023

Lido Learning files for bankruptcy due to cash shortages

<p>Lido Learning, which had previously investigated the possibility of merging, has started bankruptcy proceedings as it struggles to pay its former employees and teachers due to financial difficulties. In a special general meeting conducted on September 5, the company&#39;s board of directors approved a resolution to submit an application under Section 10 of the Insolvency and Bankruptcy Code. Lido and Reliance Industries were actively negotiating a possible takeover.</p>