If you’re trying to get rid of your high-rate credit card debt, knowing how to negotiate could be key. Getty Images Credit card debt has been climbing steadily over the last several months, with Americans adding another $27 billion to their credit card balances in the second quarter of 2025 alone. In total, cardholders now…
The IBBI has proposed making it mandatory for the committee of creditors (CoC) to formally record its deliberations on the eligibility of resolution applicants under Section 29A of the IBC Code aimed to enhance transparency in the corporate insolvency resolution process (CIRP). Section 29A of the Insolvency and Bankruptcy Code (IBC) lays down the ineligibility…
The IBBI has proposed making it mandatory for the committee of creditors (CoC) to formally record its deliberations on the eligibility of resolution applicants under Section 29A of the IBC Code aimed to enhance transparency in the corporate insolvency resolution process (CIRP). Section 29A of the Insolvency and Bankruptcy Code (IBC) lays down the ineligibility…
The Supreme Court of India, on August 11, 2025, reserved its judgment in the ongoing legal battle surrounding JSW Steel’s resolution plan for Bhushan Power and Steel Limited (BPSL). The bench, led by the Chief Justice, heard final arguments from all parties involved in a batch of appeals stemming from the Corporate Insolvency Resolution Process…
The Supreme Court today (August 11) reserved its decision in the batch of appeals challenging the resolution plan of JSW Steel for Bhushan Power and Steel Ltd (BPSL). The bench of CJI BR Gavai and Justices SC Sharma and K Vinod Chandran heard the matter. Previously, the bench, in exercise of review power, had recalled…
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China South City on Monday became the first state-backed property developer to get a liquidation order from the Hong Kong High Court since the Chinese property sector tipped into a debt crisis in 2021. The news, announced by the company on Monday, comes more than a year after a group of its creditors filed a…
Hundreds sacked in $42m company collapse MSN Read the original article here
According to Newscorp papers liquidators are scrutinizing a company run by the children of a collapsed truck repair group. Gold Coast business, Truck Repair Group (TRG) went into voluntary liquidation in December last year (see original Paint & Panel article here) owing money to a host of suppliers and contractors. Scott Hunter was director of…