A breakdown of the business landscape across Australia has revealed record-high insolvencies, with things expected to get worse as we enter 2025. CreditorWatch released its November Business Risk Index, with data showing insolvencies are at “record highs in number,” up 57 per cent since November 2023. Further, the average business failure and closure rate across…
The National Company Law Appellate Tribunal (NCLAT) dismissed an insolvency plea against HUL, ruling that the operational creditor’s claim was below the threshold limit and involved pre-existing disputes. The appellate tribunal upheld the NCLT’s decision, rejecting the plea filed by K Lakshmi… New Delhi, Jan 27 (PTI) The National Company Law Appellate Tribunal (NCLAT) on…
New Delhi, Jan 27 (PTI) Insolvency appellate tribunal NCLAT has set aside the directions for a fresh valuation of shares, which were held by Educomp Solutions’ Singapore-based subsidiary Educomp Asia Pacific Pte in US-based firm The Learning Internet Inc and sold by SBI Singapore. Wondering over the basis on which the Delhi bench of NCLT…
Sky high lifeline for Rex Airlines ac29e265e8bf9921af1acb484deeba96 … Read the original article here
Debt.com’s research shows debt settlement is becoming a popular solution in today’s economy. FORT LAUDERDALE, Fla., Jan. 27, 2025 /PRNewswire/ — Debt settlement is now gaining traction as a favored option for debt relief, according to a Debt.com survey. The survey of 1,144 Americans found that 89% of respondents are aware of debt settlement, with 58%…
Insolvency appellate tribunal NCLAT has set aside the directions for a fresh valuation of shares, which were held by Educomp Solutions‘ Singapore-based subsidiary Educomp Asia Pacific Pte in US-based firm The Learning Internet Inc and sold by SBI Singapore. Wondering over the basis on which the Delhi bench of NCLT passed direction for fresh valuations,…
BTG Advisory has appointed Greg Forde as a partner in its advisory team. Based in the firm’s London office, he brings two decades of professional services experience to the firm. Mark Fry, national head of restructuring and advisory at BTG Advisory, commented, “We are delighted to be welcoming Greg to the BTG Advisory team. This…
Photo by Jonathan Borba on Pexels.com WASHINGTON, D.C. — The Federal Trade Commission (FTC) has announced the distribution of more than $5 million in refunds to nearly 7,700 consumers who were misled by a deceptive credit card debt relief scheme orchestrated by ACRO Services. Operating under various aliases such as American Consumer Rights Organization, Reliance…
Insolvency appellate tribunal NCLAT has set aside the directions for a fresh valuation of shares, which were held by Educomp Solutions‘ Singapore-based subsidiary Educomp Asia Pacific Pte in US-based firm The Learning Internet Inc and sold by SBI Singapore. Wondering over the basis on which the Delhi bench of NCLT passed direction for fresh valuations,…
India’s expanding economy continues to attract foreign investment, necessitating a legal system that effectively safeguards these investments. This article explores and analyses the legal mechanisms available to foreign investors/creditors within the Indian judicial and insolvency framework. The dispute between Indian ed-tech giant Byju’s and its American creditor, GLAS Trust Company LLC (GLAS Trust), elucidates the…