New Delhi, Dec 27 (PTI) The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against Hero Electric after admitting a plea filed by Metro Tyres, an operational creditor claiming a default of Rs 1.85 crore. As per provisions of the Insolvency & Bankruptcy Code (IBC), NCLT has appointed Bhoopesh Gupta as Interim…
There are ways to cut out the holiday credit card debt you’ve been racking up, experts say. Getty Images Holiday credit card bills hit differently for many this year. With record-high credit card interest rates and compounding interest charges, holiday shopping expenses often snowball into overwhelming balances. When you account for gifts, gatherings and family…
This holiday season, 36% of Americans took on debt, with average balances of $1,181, according to LendingTree. Less than half of the people who took on debt expected to do so. To pay down those balances as quickly as possible, these expert tips can help. Many Americans are capping off the holidays with new debt…
SDAI Limited Updates on Subsidiary Liquidation TipRanks Read the original article here
In the past two years, at least five Michigan counties have worked with a non-profit to help erase some residents’ medical debt. The counties partner with the group Undue Medical Debt. They subsidize that group’s work in buying up medical debt at a fraction of the initial cost, forgiving it, and notifying residents that they’ve…
Elderly student loan borrowers owe $121 billion. They ask Biden for relief. The Washington Post Read the original article here
Israel to persist until job is done, says Netanyahu after strikes at Houthi targets in Yemen | N18G On December 26, 2024, Israel launched airstrikes targeting multiple facilities linked to the Iran-aligned Houthi movement in Yemen, including Sanaa International Airport, Red Sea ports, and power stations in Hodeidah, Hezyaz, and Ras Kanatib. Houthi media reported…
Dundee man fears he could go bankrupt after Raac found in flats Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope.
Bensons collapse adds to construction sector gloom The Australian Read the original article here
The petition was filed by Metro Tyres Limited over dues of ₹1,85,25,373 towards goods supplied between August and December 2022. Hero Electric contended that the petition is not maintainable due to a pre-existing dispute over the quality of the goods supplied after September 2022. According to Hero Electric, these quality issues, identified through customer feedback,…