To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
The National Company Law Tribunal (NCLT), Delhi, has held that a petitioner cannot initiate the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) if the business arrangement between the parties involves joint participation and profit-sharing rather than a straightforward operational debt. The Tribunal ruled that such an…
The National Company Law Tribunal (NCLT) on Monday directed the Board of Control for Cricket in India (BCCI) to submit its application to withdraw the insolvency plea it had filed against Think & Learn Private Limited, the parent company of ed-tech giant Byju’s. The move comes as part of the ongoing legal dispute between the…
In December, three more companies in the group, also directed by Mani, had liquidators appointed. ASCCN 21, NKSW and ECTCH have previously been named Eco-Smart Group, Eco-Smart Homes Northwest and Eco-Smart Homes Auckland. The former two companies were liquidated by Mani, who appointed Rodgers Reidy, shortly after ECTCH was tipped into administration by subcontractor Dennis…
The Australian Medical Association (AMA) says a shortage of doctors is hampering the federal government’s urgent care clinic service after the operator of a site in regional South Australia entered liquidation. Ahead of the last federal election Labor promised the clinics would be open from 8am–10pm every day, as a way to ease the pressure…
VA Vaish Associates Advocates More Established in 1971, Vaish Associates, Advocates is one of the best-known full-service law firms in India. Since its inception, it continues to serve a diverse clientele, including domestic and overseas corporations, multinational companies and individuals. Presently, the Firm has its operations in Delhi,…
Companies › Other Published: February 9, 2025; 18:20 (Vindobona) Austria’s business landscape saw a challenging year in 2024, with a significant increase in corporate insolvencies driven by economic factors such as rising inflation, recession, and the end of pandemic-related support. While businesses struggled, a notable rise in new company formations offered a mixed picture. In…
Given Star Entertainment is currently $400 million in debt and teetering on the edge of financial collapse, you’d be forgiven for thinking CEO Steve McCann’s primary focus is trying to cut costs. But instead of engaging in the first port of call for any company looking to improve its bottom line – redundancies – the…
More people with student loan debt received assistance with their student loan interest payments in 2024 than in previous years, said the national social insurance institution-Kela in a press release on Monday. The number of recipients of assistance began to increase substantially in 2023 as a result of rising interest rates and higher debt loads.…
The Democratic Alliance (DA) will table a motion at the next Gamagara council meeting calling for the Municipal Manager to take urgent action to avoid being kicked off Eskom’s Debt Relief programme, costing the municipality almost half a billion-rand. In total, Gamagara municipality currently owes Eskom R650 million. However, since entering the debt relief programme…