City erases $135M in medical debt, inching towards $2B relief goal – Crain's New York Business
City erases $135M in medical debt, inching towards $2B relief goal Crain’s New York Business Read the original article here
While the government is seeking to establish a “bad bank” for debt adjustment, it has been confirmed..
Depending on the bond holder, whether to write off or not\nCAMCO, gambling debt cannot be realistically selected While the government is seeking to establish a “bad bank” for debt adjustment, it has been confirmed that it is virtually impossible to select speculative debts such as entertainment, gambling, and investment. Badbank is launched with the aim…
Greenberg helps Volkswagen Bank launch Mexican debt programme
Latin Lawyer Editorial Team 22 October 2025 Credit: Shutterstock.com/Piotr Swat Greenberg Traurig (Mexico) has helped the car financing arm of German vehicle… Read the original article here
Najib has not paid any of the RM1.69 bil owed to IRB, resulting in bankruptcy notice
KUALA LUMPUR (Oct 22): Datuk Seri Najib Razak has not paid any of the RM1.69 billion additional income tax imposed on him since 2019, and this has resulted in the Inland Revenue Board (IRB) initiating a bankruptcy notice on him. IRB senior counsel Norhisham Ahmad told the High Court on Wednesday (Oct 22) that ever…
NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]
The Ahmedabad bench of the National Company Law Tribunal (NCLT) held that under Section 9(5) of the IBC, 2016, a dispute limited to interest does not amount to a pre-existing dispute and therefore does not bar initiation of the Corporate Insolvency Resolution Process. The present application was filed under Section 9 of the Insolvency and…
National Company Law Tribunal orders insolvency proceedings against Bhilai Jaypee Cement
The National Company Law Tribunal (NCLT) has directed for initiation of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-ridden group Jaiprakash Associates Limited, for a default of Rs 45 crore. The direction of Cuttack Bench of NCLT came after it admitted a plea filed by the company’s operational creditor Sidhgiri Holdings Pvt Ltd,…
Scam alert: Letter stating ‘Final Demand – Debt Management’
22 October 2025 – Beware of a PDF letter being emailed to people with the email subject line ‘LEGAL RULING SUMMON DEMAND AS AT 21 10 2025’. Scams are changed on a regular basis so the subject line may differ. The letter contains a link to a fraudulent phishing website. Please do not click on…
NCLT initiates insolvency proceedings against Bhilai Jaypee Cement
The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-laden Jaiprakash Associates Ltd, following a default of INR450m (US$0.512m). The Cuttack bench of the NCLT issued the direction after admitting a petition filed by operational creditor Sidhgiri Holdings Pvt Ltd, which supplied coal to…
NCLT orders insolvency proceedings against Bhilai Jaypee Cement over Rs 45 crore default
New Delhi, Oct 22 (IANS) The National Company Law Tribunal (NCLT) has ordered the start of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-laden Jaiprakash Associates Limited (JAL), for failing to pay dues of Rs 45 crore to a supplier. The Cuttack bench of the NCLT passed the order after admitting a petition…
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