The Insolvency and Bankruptcy Board of India (IBBI) has recommended several changes in the liquidation process under the Insolvency and Bankruptcy Code (IBC), in order to enhance overall efficiency, increase stakeholder confidence, and improve financial outcome for all parties involved. One key change is to allow the IBBI to operate and manage the corporate liquidation…
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By ZAK WHEELER FOR DAILY MAIL AUSTRALIA Published: 01:18 AEDT, 19 January 2025 | Updated: 01:18 AEDT, 19 January 2025 A building company has gone bust in South Australia leaving multiple homeowners with half finished properties they had already handed over large sums of cash for. JAC Homes was placed into liquidation this week, according…
Aussie building company collapse leaves homeowners out-of-pocket MSN Read the original article here
True Value, a national hardware retailer whose roots go back more than 70 years, said Monday that it has declared bankruptcy and will sell itself to a competitor. The Chicago-based company filed for Chapter 11 protection from its debts in the U.S. Bankruptcy Court for the District of Delaware. As part of the filing, most…
Filipinos battle addiction amid online gambling boom BusinessWorld Online Read the original article here
High-Profile SCOTUS Attorney Accused Of Using Firm’s Money To Pay Gambling Debt MSN Read the original article here
Online gambling has emerged as a lucrative sector in Southeast Asia, luring in foreign investors and capital across the region. Consisting of live casino games, online gaming machines, and sports betting, the sector is primarily driven by offshore Chinese gamblers. By setting up operations in states with liberal gaming laws, they effectively evade China’s stringent ban on gambling…
While states have cheered the new tax revenue from sports gambling, some new studies have linked the burgeoning industry to lower consumer credit scores, higher credit card debt and less household savings. With access on their cellphones, gamblers can bet more often and easily than in traditional casinos, heightening concerns about problem gambling and the…
High-Profile SCOTUS Attorney Accused Of Using Firm’s Money To Pay Gambling Debt MSN Read the original article here