In other relief measures, eight state-run banks and financial institutions have restructured 94 billion baht in debt owed by 740,000 flood-hit borrowers. – The GSB has introduced a debt moratorium for small borrowers and SMEs while lowering interest rates. – The Bank for Agriculture and Agricultural Cooperatives has extended repayment periods, suspended repayments for farmers,…
2 December, 2024 Posted by Abdirisaq Shino Somalia has finalized a debt relief agreement with France totaling $145.6 million, marking another significant milestone in the country’s economic recovery efforts. Somalia’s Finance Minister Bihi Iman Ege signed the agreement with French Ambassador Arnaud Suquet, building on recent debt relief successes. Last month, Somalia achieved notable debt…
Raashid Khan forged four documents to prevent restrictions being placed on his business bank account and to avoid having to pay a company £75,000 for fireworks Khan also secured a maximum-value Covid Bounce Back Loan just weeks before his business was liquidated and fraudulently withdrew more than £60,000 after his company had been wound-up by…
Raashid Khan forged four documents to prevent restrictions being placed on his business bank account and to avoid having to pay a company £75,000 for fireworks Khan also secured a maximum-value Covid Bounce Back Loan just weeks before his business was liquidated and fraudulently withdrew more than £60,000 after his company had been wound-up by…
The NCLAT Chennai bench of Justice Rakesh Kumar Jain (Judicial Member) and Mr. Ajai Das Mehrotra (Technical Member) has held that pre-CIRP dues cannot be recovered once the corporate debtor is admitted into insolvency due to moratorium under section 14 of the code. Any amount due to the corporate debtor can be recovered by filing…
The financial woes of the Pierer Mobility Group continue. Today, the PMG – parent company of KTM – announced they are to apply for a so-called judicial restructuring proceedings with self-administration. This is a form of bankruptcy protection, allowing a company to be reorganized and reach an agreement with its debtors. While it is always…
Deewin Tianxia Announces Subsidiary Liquidation and Merger TipRanks Read the original article here
Thames Water has brought in an insolvency veteran, who cut his teeth in the unravelling of the Robert Maxwell empire 30 years ago, to oversee its attempts to recapitalise the business and avoid sliding into administration. The stricken water monopoly has appointed Julian Gething as its chief restructuring officer, a new role at the company.…
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WISI concludes insolvency proceedings Broadband TV News Read the original article here