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Uploading Debt Details On Information Utility Does Not Extend Limitation For CIRP: NCLAT

The National Company Law Appellate Tribunal at Delhi on Thursday observed that merely uploading financial information on an information utility does not amount to acknowledgment of debt and therefore cannot trigger a fresh limitation period for filing a Corporate Insolvency Resolution Process application under Section 9 of the Insolvency and Bankruptcy Code. The Bench of…

Autohaus Preckel’s Restructuring: Navigating Insolvency for Stability

On November 28, Autohaus Preckel announced its restructuring efforts amid a self-administered insolvency process. This strategic move aims to stabilize operations while focusing on employee retention. Given its significance in Germany’s automotive sector, the restructuring impacts local markets and investor sentiment. Addressing financial challenges with a clear plan can fortify the company’s position and stir…

Analysis of the debt management policies of international financial institutions and multilateral groups amid multiple crisis: Their potential and alternative policies to address current debt challenges

Public debt has been the centre of attention for decades, which has necessitated the evolution of various debt management policies, especially by international financial institutions (International Monetary Fund- IMF, World Bank), which control world financial architecture. Africa’s debt has spiraled in recent years, driven by the need to address huge investment gaps for its development…