Top Debt Management Plan Companies in 2026

Feeling overwhelmed by your debt? A debt management plan is often a smart solution. This debt payoff option puts you on a path to pay off your debts — typically from credit cards — over three to five years. With a debt management plan, several debts are rolled into one monthly payment under a reduced…

NCLAT Sets Aside NCLT Order Directing Release of Fixed Deposit Collateral [Read Order]

The Principal Bench of National Company Law Appellate Tribunal (NCLAT), New Delhi, upheld ICICI Bank’s status as a secured financial creditor, holding that fixed deposits pledged as cash collateral constitute valid security during insolvency proceedings. The Tribunal set aside the NCLT’s earlier direction to release the fixed deposits, allowing the appeal and confirmed ICICI Bank’s…

Court declares bankruptcy of Interpark Commerce

Interpark’s headquarters / Yonhap Interpark Commerce, an online retail subsidiary of e-commerce giant Qoo10 Group hit by an insolvency crisis last year, was declared bankrupt by a court Tuesday. The Seoul Bankruptcy Court made the ruling one year and four months after Interpark Commerce applied for rehabilitation proceedings in August 2024. Creditors have until Feb.…

Court declares bankruptcy of Interpark Commerce

SEOUL, Dec. 16 (Yonhap) — Interpark Commerce, an online retail subsidiary of e-commerce giant Qoo10 Group hit by an insolvency crisis last year, was declared bankrupt by a court Tuesday. The Seoul Bankruptcy Court made the ruling one year and four months after Interpark Commerce applied for rehabilitation proceedings in August 2024. Creditors have until…