SC upholds NCLT order to initiate insolvency against DHFL’s Wadhawan promoters

The Supreme Court on Tuesday upheld the National Company Law Tribunal’s decision to initiate insolvency proceedings against Dewan Housing Finance Corp’s former promoters Dheeraj Wadhawan and Kapil Wadhawan, who stood as personal guarantors for loan facilities provided to the debt-laden firm. A Bench led by Chief Justice Sanjiv Khanna dismissed Wadhwans’ appeal against the National…

Commentary | Sarah Robinson: Medical debt relief will help survivors achieve economic security | Opinion

At the Vermont Network, we support survivors of domestic and sexual violence, amplify their voices and build safer communities. We collectively represent 15 independent nonprofits that provide direct services to survivors and prevention programming in their communities. S.27, a proposal to eliminate up to $100 million in medical debt for low-income Vermonters and exclude medical…

Veteran builder Stokes Wheeler collapses owing $20m

A Queensland building company has gone into liquidation owing about $20 million to creditors, many of which are unlikely to recover the full extent of their losses. Veteran construction company Stokes Wheeler had four projects under construction on the Gold Coast whose contracts have now been cancelled. The largest project, a block of 40 apartments…