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In a recent case, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that termination of a Concession Agreement does not discharge the Corporate Debtor‘s liability to repay when such termination has no relation to the default committed by the Corporate Debtor. The suspended director of the Corporate Debtor (CD)…
A decrease in the monthly number of corporate insolvencies in England and Wales highlights tentative signs of recovery for the region, but business owners should prepare for significant economic challenges moving through the final quarter of 2025. This is according to the Midlands branch of the UK’s restructuring, turnaround and insolvency trade body R3 and…
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Financial data paints a grim picture of defunct Lavington transport company The Border Mail Read the original article here
A businessman has been disqualified after acting as a director of a company for two years while he was bankrupt. Scott Dylan was banned as a company director for eight years following a hearing at the High Court in Manchester earlier this month. The Insolvency Service found that Dylan had acted as a director of…
FSD Africa has partnered with the UN Economic Commission for Africa and the Children’s Investment Fund Foundation on a programme to help African governments unlock fiscal space for sustainable development and climate action. The servicing of rising debt is compressing the capacity of African governments to fund increasing climate and development needs | Malekas85 on…
South Australian Multiple Sclerosis not-for-profit MS Society SA and NT has appointed voluntary administrators on Monday, citing “sustained financial pressures” as the reason for its collapse. A federal government spokesperson said it was “the first the government has heard of them going into voluntary administration”. “The Department of Health, Disability and Ageing will engage with…
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Australians with student debt will save thousands of dollars from today as the government’s new HECS and HELP repayment rules kick in. The promised legislation to slash student debt by 20 per cent was one of the federal government’s early post-election priorities and passed the senate in July. At the time, Education Minister Jason Clare…