Debt agreements are the fastest growing form of personal insolvency in Australia. They were designed to offer debtors a low-cost way to make arrangements with their creditors, while avoiding bankruptcy and some of its more serious consequences. When introduced, law reformers intended that debt agreements should be administered by volunteers rather than by commercial administrators…
StayzillaTwitter National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by home-stay startup Stayzilla, against the insolvency process order by National Company Law Tribunal (NCLT). A three-member bench of SJ Mukhopadhaya, AIS Cheema and Balvinder Singh said that it did not find any merit in the company’s appeal and ordered dismissal, Business Standard reported. Earlier,…
The Norwegian raider plotting a boardroom putsch at the owner of newspaper The Scotsman was declared bankrupt in Sweden more than a decade ago over an unpaid £1.5m tax bill. Christen Ager-Hanssen, who has built up a 12.6% stake in publisher Johnston Press, has been in a dispute with the Swedish taxman for nearly 20…