January 3, 2025 - Page 3 of 4 - Insolvency Guardian

Application U/S 95(1) Of IBC Against Personal Guarantor Not Maintainable In Absence Of CIRP Proceedings Against Corporate Debtor: NCLT Kolkata

LiquidationBy Editor January 3, 2025

The National Company Law Tribunal (NCLT) Kolkata bench comprising Justice Bidisha Banerjee (Judicial Member) and Shri Balraj Joshi (Technical Member) has held that an application under Section 95(1) of the Insolvency and Bankruptcy Code (IBC) for initiating insolvency proceedings against a personal guarantor is not maintainable before the NCLT if no Corporate Insolvency Resolution Process…

St. Louis-born Galera Therapeutics sidesteps liquidation, acquires New York biotech company – The Business Journals

LiquidationBy Editor January 3, 2025

St. Louis-born Galera Therapeutics sidesteps liquidation, acquires New York biotech company The Business Journals Read the original article here

Rare $1 sale after company T&R sports collapses owing millions: ’80 per cent off’

LiquidationBy Editor January 3, 2025

T&R Sports is being forced to liquidate all its remaining stock and you can pick up an absolute bargain. (Source: Lloyds Auctions) Sporting hardware giant T&R Sports, also known as T&R International, has entered liquidation, and the remaining stock is going up for auction. You’d normally have to fork out tens or even hundreds of…

Days after its launch, hundreds apply for new CT student debt relief program. Here’s what to know

Debt HelpBy Editor January 3, 2025

Student debt is a crippling challenge with borrowers owing a staggering $1.7 trillion nationwide. In Connecticut, residents hold an estimated $18 billion of that share, according to the Education Data Initiative. Borrowers burdened by the challenges of high student loan debt could find relief through a new $6 million state program launched Jan. 1. The…

Volocopter Files For Bankruptcy

BankruptcyBy Editor January 3, 2025

German eVTOL manufacturer Volocopter has announced it is restructuring as it looks for investments to continue building its VoloCity air taxi. The company was due to enter the market by the end of this year with an electric aircraft that can link urban centers and airports. Business as usual Volocopter GmbH, which was founded in…

Retirees big losers as China crushes cobalt producer – The Australian

LiquidationBy Editor January 3, 2025

Retirees big losers as China crushes cobalt producer The Australian Read the original article here

Days after its launch, hundreds apply for new CT student debt relief program. Here’s what to know

Debt HelpBy Editor January 3, 2025

GOP proposes repealing Biden’s student debt relief to fund new tax cuts for the rich – MSN

Debt HelpBy Editor January 3, 2025

GOP proposes repealing Biden’s student debt relief to fund new tax cuts for the rich MSN Read the original article here

3 big reasons to pursue credit card debt forgiveness this January

Debt HelpBy Editor January 3, 2025

Taking advantage of debt forgiveness now could provide the relief you need to get your finances back on track in 2025. Getty Images As we step into the new year, many Americans are grappling with the financial aftermath of holiday spending layered on top of existing credit card debt. The uptick in spending isn’t the…

Under-Pressure Bensons Vows to Deliver 1300 Apartments

LiquidationBy Editor January 3, 2025

Property developer Bensons Property Group says it will complete its $1.5-billion development pipeline across three Australian states despite entering voluntary administration. The company is reportedly managing of more than 1300 apartments. Craig Shepard and Sebastian Ham of KordaMentha have been appointed as administrators, while Keith Crawford and Matthew Caddy of McGrath Nicol will oversee operations…

Daily Archives: January 3, 2025