Student Loan Debt: What Went Wrong and How to Fix It

When I started at the Department of Education in the 1990s, student loans were a popular middle-class benefit. College affordability or student loan debt were rarely front-page news. Our dingy offices, a converted World War II warehouse, were a daily reminder of how our work seemed overlooked, too. But in those hallways—literally, my desk was…

Company in liquidation owes Inland Revenue over $1m

Christchurch company CProPainterPlaster has collapsed owing Inland Revenue an estimated unpaid tax value of over $1 million. The business working in the house construction industry went into liquidation under an application filed by the IRD at the Christchurch High Court on July 10 with the New Zealand Insolvency and Trustee Service appointed as liquidator. In…

Corporate insolvency: NCLAT dismisses plea against Nuvoco’s Vadraj acquisition; tribunal backs NCLT approval of Rs 1,800 cr resolution plan

The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal challenging the acquisition of Vadraj Cement by Nirma group company Nuvoco Vistas Corporation, upholding the resolution plan approved earlier by the National Company Law Tribunal (NCLT).The Delhi-based principal bench of NCLAT affirmed the April 1, 2025 order of the Mumbai NCLT, which had cleared…