NCLT Admits S. 9 Application, Initiates CIRP Against Tirumalla Agro Industries for ₹1.11 Crore Default [Read Order]

Liquidation

The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a Section 9 application filed by an Operational Creditor, thereby initiating the Corporate Insolvency Resolution Process (CIRP) against Tirumalla Agro Industries Private Limited for a default of over ₹1.11 Crore. Aryatech Platforms Private Limited, the Operational Creditor (OC), filed a Company Petition under Section 9…

IMF-WB proposes unified debt management office in Dhaka to strengthen public debt governance

Debt Help

A joint International Monetary Fund (IMF) and World Bank technical assistance mission has recommended the establishment of a unified Debt Management Office (DMO) in Bangladesh to strengthen the country’s public debt management framework and reduce fiscal and operational risks. The proposal was presented at a workshop titled “Establishing a Debt Management Office”, held on Monday…