SBI had moved the plea to initiate insolvency proceedings against Gopinath in 2022, when NCLT issued notice and appointed Bhuvaneshwari as Gopinath’s RP. The case has progressed at a snail’s pace since then, owing to pendency of challenges to provisions relating to personal guarantors under the IBC before the Supreme Court. The apex court ultimately…
[3822385] * Moody’s Investors Service (2023), accessed August 2024. Important information The opinions expressed are those of the author(s), are as of the date indicated and may change based on market and other conditions. The accuracy of the content and its relevance to your client’s particular circumstances is not guaranteed. This market commentary has been…
Thai cabinet approves measures to ease household debt Reuters Read the original article here
One of Australia’s biggest tax accountancy groups has called the government’s proposed amendments to reduce Higher Education Loan Program (HELP) payments a “game changer” for anyone with a HECS debt. About three million Australian workers with a HELP debt will get some level of relief in the next financial year should the government’s legislation passes…
Company collapses right before Christmas news.com.au Read the original article here
Rival hospital operators circle Healthscope The Australian Read the original article here
SINGAPORE: A Singaporean casino high-roller who incurred a multimillion-dollar baccarat debt with The Star Gold Coast Casino has been ordered to repay the casino about A$38.7 million (S$33.6 million). Dr Wong Yew Choy incurred an A$43 million debt at the casino in Queensland, Australia, between July 26 and Aug 2, 2018, but left Australia on…
Study finds around 16% of adults and 26% of adolescents who play online casino games are estimated to have a gambling problem. Dec 15, 2024 • 11:12 ET • 4 min read The World Health Organization (WHO) has predicted that online gambling losses in the United States will exceed $1 trillion by 2028. The United…
The Bill to amend the Insolvency and Bankruptcy Code (IBC), set to be presented in Parliament during the Budget session, may include provisions for the introduction of “group insolvency” norms, according to official sources. To increase value maximisation of assets, reduce the workload of National Company Law Tribunals (NCLTs), and improve cost efficiency, there is…
Australian luxury fashion retailer Harrolds has collapsed while owing more than $12 million. The four entities that make up the Harrolds Group were placed into liquidation at the start of October. In a statement provided to 9News, liquidator SMB Advisory put the department store’s collapse down to the difficult post-pandemic economy. A shoe display at…