NCLT Rejects Insolvency Plea, Orders Investigation Into Alleged CSR Fraud Involving Multiple Firms

NCLT rejects insolvency plea, directs probe into alleged CSR fraud and fraudulent transactions involving multiple firms | Representative Image Mumbai: The National Company Law Tribunal (NCLT) has rejected a plea filed by Andheri-based Enviro Home Solutions Private Limited, which sought to initiate a corporate insolvency proceedings against Santacruz-based firm, Max Publicity and Communication Private Limited.…

Rep. Rigby, other lawmakers sponsor bill to create medical debt relief program in PA

State Representative Jim Rigby is one of several lawmakers who have introduced a bipartisan bill that helps low income Pennsylvania residents. House Bill 79 would create the Pennsylvania Medical Debt Relief Program, which targets the medical debt of low-income Pennsylvania residents for relief. This program would also improve the finances of healthcare facilities and providers.…

Scottish business insolvencies remained stable in 2024

Annual figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland remained stable in 2024. Scottish business insolvencies remained steady at 1,236 compared to 1,234 in 2023. Figures for December 2024, showed that there were 82 business insolvencies registered in Scotland, 24% lower than the number in December 2023. The business insolvencies…

Apartment developer declares insolvency owing $3.76m

Ngaiwi Developments owes Inland Revenue $2.3m, NZ Mortgages and Securities $793,000, Edenbay Properties $270,000 and unsecured trade creditors $479,000, the report said. Total debts are yet to be quantified but the only assets are $25,000 cash in the bank, according to Tony Maginness and Jared Booth. Stewart had the liquidators appointed when various factors combined…

Salvos calls on Aussies to reassess their debt

The Salvation Army has urged Australians to reassess their finances at the start of 2025, with new research revealing concerning trends in financial literacy and debt. According to the research, almost half of all Australians (46 per cent) are beginning the year in debt and 3.2 million (15 per cent) do not understand how interest…