Date 8/27/2024 4:23:43 AM (MENAFN– KNN India) New Delhi, Aug 27 (KNN) The Insolvency and Bankruptcy Board of India (IBBI) has put forward a significant amendment to corporate insolvency regulations, specifically targeting support for micro, small, and medium enterprises (MSMEs). This move… Read the original article here
Introduction On August 23, 2024, the Insolvency and Bankruptcy Board of India (IBBI) introduced a discussion paper proposing crucial amendments to the IBBI(Corporate Insolvency Resolution Process) Regulations, 2017 (CIRP Regulations). These amendments are designed to simplify and enhance the resolution process for Micro, Small, and Medium Enterprises (MSMEs), recognizing their vital contribution…
You’ll be hard-pressed to find a worse man-made blight on this planet than private equity firms. All they are good for is making obscenely wealthy investors even more wealthy while destroying companies in the name of “doing business”. But in the case of Jones & Jones Capital, sometimes doing that business results in a deal…
Gail Porter has revealed that she lost all of her belongings amid her bankruptcy and homelessness woes. The Scottish TV personality, 53, was declared bankrupt in 2017 and is now a patron of the Fair Credit Charity – which alleviates financial hardship through community lending. Appearing on Good Morning Britain on Wednesday to discuss the…
‘Perfect storm’ wipes out Qld builders: Full list of construction failures Gold Coast Bulletin Read the original article here
Since the pandemic, during which insolvency rates were low due to government measures, there has been a considerable rise in insolvencies in the UK and many other jurisdictions. High interest rates have significantly increased the cost of borrowing and many companies are saddled with mountains of debt that was taken out in better times and…
BELLEFONTE — Health care professionals in rural Pennsylvania would be eligible for student debt relief under a bipartisan proposal aimed at addressing workforce gaps in remote communities. Physicians, nurses, and midwives working full time at a rural hospital, health clinic, or birth center would qualify for the Rural Health Care Grant Program introduced by state…
Australia financial regulator ASIC has announced that it has suspended the Australian financial services (AFS) license of Probis Financial Services Pty Ltd, after it was placed into voluntary administration on 17 July 2023. Probis is a Sydney-based financial service provider authorised by ASIC (AFSL 338241) to issue OTC derivative contracts (including Margined FX and Contract…
A deal that would have settled Birmingham’s huge equal pay claims without “bankrupting” the council fell apart after trade unions found members were still suffering discrimination. Birmingham City Council is in financial crisis on multiple fronts. Equal pay claims of up to £760m are among the bills it cannot afford. But since the extent of…
Pharnext (FR:ALPHA) has released an update. Pharnext SCA, a biopharmaceutical company focused on neurodegenerative diseases, has initiated liquidation proceedings after failing to secure funding post-conciliation. The Paris Commercial Court has appointed a liquidator and trading of Pharnext’s shares has been suspended. Shareholders are unlikely to receive any payment from asset sales due to the company’s…