The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Yogesh Khanna (Judicial Member) and Mr. Arun Baroka (Technical Member) have held that non-registration of “charge” in terms of Section 77 of Companies Act, 2013 is not a sine qua non for a Creditor to be treated as a “Secured Creditor” under section…
A scandal-hit stage engineering contractor is facing potential liquidation after being implicated as one of the three firms accountable for injuring three dancers in 2022 at Cantopop boy band Mirror’s concert. The mainland-based creditor of Hip Hing Loong Stage Engineering Company on Friday filed a case with the city’s High Court for the firm to…
Major construction company goes into voluntary administration MSN Read the original article here
Stoke-on-Trent pottery firm files for liquidation with debts of at least £850k Stoke-on-Trent Live Read the original article here
These simple strategies can help your growing credit card debt from becoming a major issue. Getty Images Americans are sinking deeper into debt, and the numbers prove it. According to the latest Quarterly Report on Household Debt and Credit from the Federal Reserve, released this week, the total household debt nationwide surged by $93 billion…
Ethiopia bond investors accuse IMF over debt relief Financial Times Read the original article here
Delhi High Court: A petition was filed by Bhushan Power and Steed Limited under Article 226 read with Section 482 of Criminal Procedure Code (CrPC) seeking quashing of case filed under Section 3 and 4 of the Prevention of Money Laundering Act, 2002 (PMLA) and all consequential proceedings arising out of or emanating therefrom including…
Teen gambling addict hands ATM cards to loan sharks to cover her debt New Straits Times Read the original article here
Filing for bankruptcy carries a heavy stigma, but when individuals can’t settle their liabilities it can be the only option. Disastrous risk-taking, dodgy dealing, runaway spending, a hefty tax bill, or just plain bad luck can propel a person into financial hell – and the richer they are, the harder they fall. Read on to discover 27 prominent…
French firearms manufacturer Verney-Carron, which had a contract to supply Ukraine with assault rifles, has declared bankruptcy, according to its parent company, CYBERGUN. The company has stopped paying wages and suspended production due to a complete freeze on its finances. Verney-Carron, which has a two-century history, currently holds a debt of €1 million. Despite receiving…