The Holy Year 2025 can have a lasting impact on the world’s poorest countries if governments and international institutions embrace a key element of the biblical concept of jubilee by forgiving, restructuring or pausing foreign debt repayments, said a report commissioned by Pope Francis. At the late pope’s request, the Pontifical Academy of Social Sciences…
NCLAT Allows Admission of Insolvency Proceedings Against Personal Guarantor: Debt and Default Established Through NeSL Records Taxscan Read the original article here
The ongoing insolvency proceedings of Housing Development and Infrastructure Ltd (HDIL) have taken a contentious turn, with suspended director Rakesh Kumar Wadhawan challenging the legitimacy of a ₹1,709.69 crore claim admitted by the Resolution Professional (RP), the FPJ reported. In a letter dated June 1, 2025, Wadhawan has alleged that Suraksha Asset Reconstruction Company (ARC)…
FirstCry subsidiary GlobalBees faces Rs 64.9 crore insolvency plea The Morning Context Read the original article here
The National Company Law Appellate Tribunal (NCLAT) has upheld the commencement of insolvency proceedings against Jaypee Cement Corporation Ltd. (JCCL), dismissing the appeal filed by its suspended director, Alok Gaur. The appeal had challenged the 22 July 2024 order of the National Company Law Tribunal (NCLT), Allahabad Bench, which had admitted a Section 7 application…
A business finance firm is broadening its services to better support SMEs. Oldham-based PMD Business Finance has launched a new debt advisory service to complement its existing credit broking operations. The new team includes experienced directors Callum Bull, John Platt, Mark Millhouse and Kai Wynne-Jones, supported by Debbie O’Grady and relationship manager Lewis Alessandra. Chief…
The Holy Year 2025 can have a lasting impact on the world’s poorest countries if governments and international institutions embrace a key element of the biblical concept of jubilee by forgiving, restructuring or pausing foreign debt repayments, said a report commissioned by Pope Francis. At the late pope’s request, the Pontifical Academy of Social Sciences…
Retail sector insolvencies in the UK remained broadly stable in April, according to new figures released today, but the outlook is increasingly clouded by a convergence of macroeconomic and geopolitical headwinds. The latest company insolvency statistics show a modest 3 per cent rise in retail trade insolvencies from March to April 2025, reaching 165 cases,…
Michelle Elliot – Partner at FRP Advisory Scotland saw a 13% increase in company insolvencies in May 2025 compared to the same period last year, reaching a total of 133. This rise was primarily driven by an increase in compulsory liquidations, which accounted for 72 cases. The remaining insolvencies included 56 Creditors’ Voluntary Liquidations (CVLs)…
Dancewear store liquidation puts full stock up for sale TheBusinessDesk.com Read the original article here