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Daily Archives: April 8, 2021

Malaysian Ex-PM Faces Bankruptcy over Allegations of $421M in Unpaid Taxes, Penalties – benarnews

BankruptcyBy Insolvency GuardianApril 8, 2021

Disgraced former Malaysian Prime Minister Najib Razak faces bankruptcy for allegedly failing to pay U.S. $421 million in taxes and penalties, which could end his political career. Najib said late Tuesday that the countrys tax board served him a bankruptcy notice allegedly for unpaid personal income taxes from 2011 to 2017, in retaliation for his…

World Bank, IMF consider linking debt relief to climate efforts – Al Jazeera English

Debt HelpBy Insolvency GuardianApril 8, 2021

The new initiative would focus on systematically changing whole economies, a source tells Reuters. The World Bank and the International Monetary Fund (IMF) are planning to launch a platform to advise poor countries on funding climate and conservation activities, amid a broader push that could link such spending to debt relief, according to a draft…

NCLT admits insolvency plea against Oyo unit, firm challenges it – Business Standard

BankruptcyBy Insolvency GuardianApril 8, 2021

OYO founder took to Twitter to clarify on rumours that the hotel aggregator chain had filed for bankruptcy TopicsOyo|Bankruptcy|startups in India Neha Alawadhi | New Delhi Last Updated at April 7, 2021 23:20 IST The National Company Law Tribunal (NCLT) has accepted a plea against a unit of Oyo Rooms. Oravel Stays Pvt Limited, the…

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