WS/FCS receives $400,000 private donation for debt repayment

Twin City Development Foundation is donating $400,000 to Winston-Salem/Forsyth County Schools amid the district’s budget crisis. Winston-Salem City Council Member Robert Clark, who is also the nonprofit’s board chair, presented the news at a Board of Education meeting Tuesday night. “We urge others to join us in supporting the school system during this critical time,”…

Can US backing help Pakistan escape its endless debt trap?

News Desk 15 October 2025, 06:46 PM IST Pakistan’s deepening debt crisis has forced it back to the IMF negotiating table, as Islamabad seeks US-backed financial relief amid mounting repayments and dwindling reserves. President Donald Trump watches Pakistan’s Prime Minister Shehbaz Sharif delivering a speech at the Gaza International Peace Summit, in Sharm el-Sheikh, Egypt.…

CCI clears Vedanta’s bid to acquire debt-laden Jaiprakash Associates under insolvency process

Following a recent ruling by the Supreme Court related to interpreting provisions of the IBC, an approval from the competition watchdog is mandatory for submission of a resolution plan by the entity concerned Competition Commission of India (CCI) has given in-principal approval to Vedanta’s proposal to acquire debt-ridden Jaiprakash Associates (JAL), should it win a…

NCLAT Upholds Insolvency Against Supertech Realtors

The National Company Law Appellate Tribunal (NCLAT) New Delhi upheld an admission order under section of the Insolvency and Bankruptcy Code, 2016 (IBC) against Supertech Realtors Pvt. Ltd. and dismissed an appeal filed by Ram Kishore Arora, its suspended director. A bench comprising Justice Ashok Bhushan and Mr. Barun Mitra (Technical Member) observed that once…

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