Insolvency Proceedings Can’t Be Initiated Against Corporate Debtor For Non-Payment Of Debt When Creditor Owes Larger Amount To Debtor: NCLT Delhi

The National Company Law Tribunal (NCLT), Mumbai bench of Justice V. G. Bisht (Judicial Member) and Shri Prabhat Kumar (Technical Member) dismissed a section 7 petition on the ground that Financial Creditor cannot seek insolvency of a debtor alleging default in payment of a financial debt when such creditor owes more than the amount claimed…

Iconic fish market hits back at collapse claim

The Sydney Fish Market has rejected claims it is on the brink of financial collapse. Picture: NewsWire / Nikki Short The largest fish market in the southern hemisphere has hit back at claims it is close to financial collapse. The Sydney Fish Market (SFM), responding to reports it was confronting an $8m loss for 2023-24…

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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…

Student debt changes

Topline: In recent months, the Trump administration has taken actions that could significantly affect federal student loan borrowers, including the more than 3.8 million Californians with student debt. Experts say borrowers should be vigilant — but they should also keep in mind that many of the administration’s proposed changes have not gone into effect. Why…

African Union Conference on Debt

The African Union Commission’s Department for Economic Development, Tourism, Trade, Industry, and Minerals (ETTIM) will convene a three-day African Union Conference on Debt in Lomé, Togo, under the theme: “Africa’s Public Debt Management Agenda: Restoring and Safeguarding Debt Sustainability.”   This conference will convene AU Member States, policymakers, financial experts, and key stakeholders, including representatives…