SUMMARY The actor, who had entered an endorsement agreement with the edtech startup on March 8, 2021, sought to recover dues worth over INR 4.83 Cr via the initiation of a corporate insolvency resolution process In its judgement, the NCLT said that this issue doesn’t qualify as a “debt” and thus is outside of its…
Scottish business insolvencies saw a significant year-on-year decrease in December 2024, despite the overall annual figures remaining stable. The latest data reveals a complex picture of Scotland’s economic health as the country navigates through challenging times. In December 2024, there were 82 company insolvencies registered in Scotland, marking a substantial 24% decrease compared to the…
Allen claimed he was “optimistic” at the time that a business opportunity which failed to materialise would have seen his turnover increase to the level he submitted in his application. But the Insolvency Service said it was an actual – rather than projected – turnover that should have been declared. Allen, was also ordered to…
NCLT rejects Akshay Kumar’s insolvency plea against edtech Cue Learn MSN Read the original article here
DUBAI: The international community must devise ways to help nations in the developing world out of the global debt crisis and safeguard societies from the long-term effects of economic stagnation. This was the message from a panel of experts during a discussion at the World Economic Forum Annual Meeting in Davos on Tuesday. Amid global…
Recent figures from the third quarter of the 2024-2025 financial year – 1 October to 31 December 2024 – have revealed a mixed picture for insolvencies in Scotland, according to insolvency and restructuring trade body R3. Corporate insolvencies, including liquidations and receiverships, totalled 285. This represents a 2.4% decrease compared to the same period in…
R3 responds to the 2024 annual insolvency statistics Yorkshire Evening Post Read the original article here
The National Company Law Tribunal’s (NCLT) Delhi bench has dismissed Bollywood actor Akshay Kumar’s plea to initiate insolvency proceedings against ed-tech company Cue Learn Pvt. Ltd. Kumar had filed a plea against the edtech under Section 9 of the Insolvency and Bankruptcy Code (IBC) over the non-payment of ₹4.83 crore as part of a 2021…
Business insolvencies rise 50% amid cost pressures, with projections reaching 16,000 this financial year. Business failures in Australia have surged by 50% this financial year due to high operating expenses, cost of living pressures, and increased tax office debt collection efforts. Expected insolvency appointments could reach 16,000, surpassing last year’s high of 11,053. The Australian…
Fall in company collapses last year but experts warn of ongoing ‘headwinds’ Evening Standard Read the original article here