Daily Archives: December 25, 2017

Initiative to help treat debt-ridden patients – Khaleej Times

Debt HelpBy Insolvency Guardian December 25, 2017

The Dh500,000 has been disbursed from Amaf’s health endowment that allocated Dh1.35 million for patient support The Awqaf and Minors Affairs Foundation (Amaf) has contributed Dh500,000 to the Dubai Health Authority (DHA) for paying out the outstanding dues of indigent patients. The kind gesture is part of the Shifaa initiative that aims to…

NCLT allows hotel buyout without haircut to lenders – Economic Times

BankruptcyBy Insolvency Guardian December 25, 2017

In a landmark order that will cheer lenders pursuing recovery of dues under IBC (Insolvency and Bankruptcy Code), the principal bench of NCLT (National Company Law Tribunal) New Delhi has allowed the acquisition of a Rajasthan-based hotel, which is facing insolvency, by a nonbanking finance company (NBFC) without haircuts to creditors. In the first resolution…

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