By R. Chandra Mouli Filing an insolvency petition can work wonders, especially in an ecosystem that favors creditors, further to the constitution of the National Company Law Tribunal. If you want to know when NCLT was established, the answer can be found in the Exam Prep lessons – published by Byju’s. India vs Australia 4th…
10 tips to help you recover from holiday spending Kansas City Star Read the original article here
While filing for bankruptcy can help you get rid of your expensive debt, not everyone qualifies for this type of relief. Getty Images Hundreds of thousands of Americans file for bankruptcy each year to seek relief from their overwhelming financial burdens, whether they’re dealing with high-rate credit card debt, medical bills, unsustainable personal or student…
NCLT has ordered the liquidation of Tulip Hotels after the company failed to secure a bidder during its insolvency resolution process. The decision comes after the 180-day timeline for finding a resolution plan expired. New Delhi, Jan 19 (PTI) NCLT has directed for the liquidation of debt-ridden Tulip Hotels, as the tribunal failed to receive…
The National Company Law Tribunal (NCLT) has ordered the liquidation of Tulip Hotels after the failure to secure a resolution plan within the stipulated timeline during the Corporate Insolvency Resolution Process (CIRP). Initiated on May 16, 2023, based on a plea by Yes Bank, the CIRP was launched due to a default of INR 900…
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Swindon & Wiltshire Economy Wednesday January 22 2025 Author Name: Peter Davison Insolvency-related activity in the Thames Valley and Wiltshire has decreased slightly says R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe showed a minor drop in insolvency-related activities from 211 in November to 203 in December. The…
Mosaic Brands, the owner of Rivers, Millers and Katies, has entered voluntary administration. The ASX-listed company, which operates over 700 stores and employs around 3000 staff, confirmed the decision on Monday after efforts to restructure informally fell short. Mosaic had attempted several changes,… Read the original article here
Busy Bee Airways Pvt Ltd, one of the bidders for the grounded airline Go First, has approached the National Company Law Appellate Tribunal (NCLAT) to challenge the airline’s liquidation. On 20 January the National Company Law Tribunal (NCLT) issued an order that sent Go First into liquidation after the airline’s creditors unanimously voted to liquidate…
Teachers, nurses and other eligible public servants enrolled in the Public Service Loan Forgiveness program could see their student loan balances wiped out after 10 years in their field and 120 qualifying monthly loan payments. If you were due to receive debt relief last year or expected to hit the 120-payment mark this year, a new program…