Canadians are betting record sums online — and falling in debt. Here’s how to dig out – INsauga
Canadians are betting record sums online — and falling in debt. Here’s how to dig out INsauga Read the original article here
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Pendency Of Proceedings Elsewhere No Ground For Delay; NCLT Kochi Rejects Customs’ Claim Filed 787 Days Late
The National Company Law Tribunal (NCLT) at Kochi has recently held that the pendency of an appeal or any other proceeding before a different forum cannot be a valid ground for missing the strict deadlines for filing claims under the Insolvency and Bankruptcy Code (IBC), while refusing to condone a delay of 787 days by…
Treasury names SA municipalities that are getting Eskom debt relief
The deal was strict but straightforward: if municipalities paid their current Eskom accounts in full for 12 consecutive months and met other technical conditions (such as restricting borrowing and implementing smart metering), the Treasury would assume their historic debt in three annual tranches. However, information released to BizNews by DG Duncan Pieterse’s team at the…
eThekwini Municipality's debt relief programme boosts property transactions in Durban – IOL
eThekwini Municipality’s debt relief programme boosts property transactions in Durban IOL Read the original article here
EOW Probes Manipulation In Provogue’s Insolvecy Process, Former MD Accuses RP Of ₹90 Crore Misconduct
MUMBAI: A former managing director of Provogue India Ltd has accused a resolution professional, ex-colleagues and several business associates of orchestrating a years-long scheme that allegedly depressed the company’s value during insolvency, concealed foreign assets, and siphoned dues from export clients. Provogue’s Collapse and a Trail of Suspicion When Provogue India Ltd entered insolvency proceedings…
NCLAT Sets Aside EPFO’s Post‑Moratorium Claims [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that assessment of provident fund dues during moratorium under Section 14 of the Insolvency and Bankruptcy Code (IBC) is impermissible. Dismissing appeals filed by both the Resolution Professional (RP) and the Employees’ Provident Fund Organisation (EPFO), the Tribunal ruled that post‑moratorium claims…
Adani wins big in JAL battle with highest upfront payout
New Delhi: Business tycoon Gautam Adani has won the approval of creditors of Jaiprakash Associates (JAL) for its Rs14,535 crore acquisition proposal for the bankrupt infrastructure group. Adani Enterprises, the flagship firm of Adani Group, outbid Vedanta and Dalmia Bharat to win the bid for JAL. “The Committee of Creditors (COC) of Jaiprakash Associates Limited…
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