BluSmart suspended operations in April after India’s market regulator barred co-founder Anmol Jaggi from the securities market. Indian electric cab firm BluSmart has entered insolvency, an order from a company law tribunal showed, amid mounting corporate governance issues after a regulatory probe alleged its co-founder diverted funds meant for vehicle leases. BluSmart suspended operations in…
With high interest rates locked for at least two more months, borrowers stuck in debt should consider making some strategic moves now. Getty Images The news on Wednesday that the Federal Reserve was keeping its benchmark interest rate frozen wasn’t exactly unexpected, but it still marked yet another major disappointment for borrowers. Saddled with high…
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(MENAFN– Live Mint) The wheels have come off the fraud-hit BluSmart Mobility, once hailed as a pioneer in India’s electric ride-hailing startup, as the company has been formally admitted into insolvency by the National Company Law Tribunal (NCLT) in Ahmedabad. The move follows payment defaults totalling over ₹1.28 crore and adds BluSmart to a growing…
The National Company Law Tribunal (NCLT) at Ahmedabad has admitted BluSmart Mobility Limited into the Corporate Insolvency Resolution Process (CIRP) following a petition by Catalyst Trusteeship Limited over unpaid financial obligations totalling ₹1.3 crore. Read the original article here
Singapore’s omnibus Insolvency, Restructuring and Dissolution Act, 2018 (IRDA), came into effect on 30 July 2020 and amalgamated its corporate and personal insolvency processes, which were previously in separate statutes. The IRDA also incorporated the UNCITRAL Model Law on Cross-Border Insolvency (Model Law) into Singapore law. The IRDA, together with the lingering effects of disruptions…
Medical debt relief to assist hundreds of thousands of Vermonters Milton Independent Read the original article here
Debt forgiveness could help you wipe out your debts faster than expected, but you’ll have to qualify first. Getty Images Credit card balances are hitting record highs across the nation, and many Americans are finding themselves drowning in monthly payments that seem to grow larger despite their best efforts. Part of the issue is that…
Beloved 159-year-old Home Depot rival closing, liquidating TheStreet Read the original article here
Killarney Brewing & Distilling Enters Liquidation The Whiskey Wash Read the original article here