Relief for Zee Entertainment as NCLAT Dismisses IDBI’s Insolvency Plea Citing COVID-Era Default Protection

NCLAT dismissed IDBI Bank’s insolvency plea against Zee Entertainment, ruling that the default occurred during the COVID-19 period was protected under Section 10A of the IBC The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) ruled that an insolvency application filed by IDBI Bank Limited against Zee Entertainment Enterprises Ltd. (ZEE) was…

CBA changes its treatment of HELP debt

Following new guidance from the financial services regulator, the Commonwealth Bank of Australia (CBA) has confirmed it is rolling out new assessment criteria for its treatment of student debt, effective from today (9 April). Under the new assessment criteria, CBA will exclude Higher Education Loan Program (HELP) debt from home loan servicing calculations for borrowers…