WA builders, restaurants among the hardest hit as insolvencies surge – MSN
WA builders, restaurants among the hardest hit as insolvencies surge MSN Read the original article here
NCLT Admits Insolvency Against AVIOM India Housing Finance: Rediff Moneynews
The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against AVIOM India Housing Finance, following the Reserve Bank of India’s intervention due to governance concerns and payment defaults. New Delhi, Feb 21 (PTI) The National Company Law Tribunal (NCLT) has admitted the application for commencement of corporate insolvency resolution process against AVIOM India Housing…
Credit Associates 2025 Review: Pros, Cons and Alternatives
If you’re burdened with high-interest credit card payments, medical expenses, or other unsecured debts, a debt settlement company like CreditAssociates may be able to help. Business Insider’s personal finance team compared CreditAssociates to the best debt relief companies and found it to be a standard offering. CreditAssociates can negotiate with your creditors to reduce the amount you…
Roy Williams delivers life-changing debt relief to hurricane victims
CHARLOTTE, N.C. — Legendary former North Carolina basketball coach Roy Williams helped eliminate $10 million in debt for thousands of Western Carolinians affected by Hurricane Helene last fall. Williams, with the help of Verizon and ForgiveCo, called several of the beneficiaries this week to give them the good news. Madeline Fry, a Bryson City resident…
No Bar on Corporate Debtor from Contesting Application u/s 9 of IBC even in absence of Demand Notice
“If notice under Section 8 is not replied by the Corporate Debtor for some reason or other it does not debar the Corporate Debtor to contest the application filed under Section 9 of the Code by raising its defence” The National Company Law Appellate Tribunal (“NCLAT”) New Delhi bench has held that the Corporate Debtor…
VanEck Tool Shows Strategic Bitcoin Reserve Can Trim US Debt
Asset manager VanEck has stated that a Strategic Bitcoin Reserve could help mitigate the US’ growing debt, which currently stands at $36 trillion. To explore the potential effects of this idea, the firm has developed an interactive tool inspired by the BITCOIN Act. How Will a Strategic Bitcoin Reserve Reduce US Debt? The BITCOIN Act,…
RBI retains 3-member advisory committee for AVIOM India Housing Finance insolvency process – Upstox
RBI retains 3-member advisory committee for AVIOM India Housing Finance insolvency process Upstox Read the original article here
Retail company voluntary arrangements: A dubious remedy? – Wiejak‐Roy – 2024 – International Insolvency Review – Wiley Online Library
Retail company voluntary arrangements: A dubious remedy? – Wiejak‐Roy – 2024 – International Insolvency Review Wiley Online Library Read the original article here
Relief U/S 60(5) Of IBC Against Rejection Of Claims By Liquidator Cannot Be Sought When Remedy U/S 42 Is Not Exhausted: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that relief under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (Code) cannot be claimed against rejection of claims by the liquidator when the remedy…
MCA to work on increasing recovery from corporate insolvency process – MSN
MCA to work on increasing recovery from corporate insolvency process MSN Read the original article here