Did the FSCA break the law by handing over investigation records in a court case against Banxso (Pty) Ltd? That’s one of the questions Judge Andre le Grange will decide when he hands down his judgment. Banxso wants certain evidence thrown out of court – evidence its former client used to back a provisional liquidation…
IBBI notifies amendments to corporate insolvency regulations, aiming to streamline procedures, protect creditor interests, and boost investor participation. New Delhi, Jun 2 (PTI) The IBBI has notified amendments to the regulations governing corporate insolvency, aiming to streamline procedures, protect creditor interests, and encourage greater investor participation in resolution processes. The Insolvency and Bankruptcy Board of…
New Delhi [India], May 28 : Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous year.…
The National Company Law Tribunal Bench of Shri Mahendra Khandelwal (Judicial Member) and Shri Atul Chaturvedi (Technical Member) the absence of a formal loan agreement does not defeat the existence of a financial debt. Documentary evidence such as tax filings (Form 26AS), TDS deductions, ledger entries, financial statements, and written acknowledgments are sufficient to establish…
Suspended Management Cannot Disburse Funds Of Corporate Debtor Post-CIRP Commencement Without… Live Law Read the original article here
Deadline to pay: Deeming moves to bankrupt Pesutto The Australian Read the original article here
IRS Wage Granishment, Offer In Compromise, IRS Payment Plan in Texas National Tax Attorney, a leading firm in tax resolution services is now providing virtual help to tax defaulters in Texas. We are proud to announce the expansion of its operations to all major cities across Texas. With a reputation for helping individuals and businesses…
PrimeWay Credit Union announces new debt consolidation loan program designed to help members combine multiple bills into one monthly payment with competitive rates starting at 8.99%. HOUSTON, TX / ACCESS Newswire / June 2, 2025 / PrimeWay Federal Credit Union has launched a new debt consolidation program to help members combine all their debts into…
Only 10 of the 63 municipalities that are part of the Eskom debt-relief programme are complying with its requirements. This was revealed in the auditor-general’s 2023/24 local government audit report, which said 53 (84%) of the municipalities are not complying with the requirements. The AG described the financial health of municipalities as again being in…
The Corporate Insolvency and Bankruptcy Laws Bar Association, established to promote the study and advancement of corporate, insolvency, bankruptcy, economic, and allied laws, has submitted a representation to the Hon’ble Chairperson of the NCLAT on May 28, 2025, seeking the early constitution of a second bench at NCLAT, Chennai. They stated that On 25.01.2019, in…