Auditors found one debt relief recipient was holding crypto worth $307,000. Regulators say legal changes will prevent further instances. Fund set up to help struggling businesses in wake of COVID-19 pandemic. The South Korean government provided 269 individual crypto traders with over $15 million in debt relief from a fund intended to help small companies.…
After stormy debates and heated exchanges, the general assembly of the Egyptian Iron and Steel Company (EISC) convened on September 22 to approve yet another extension to the company’s liquidation timeline, adding a fifth year starting in January. The hall erupted with chants from individual shareholders: “Void, void, void. Five years of liquidation is void.”…
The National Company Law Tribunal (NCLT) at Kochi has held that homebuyers are not barred from invoking insolvency proceedings merely because complaints over project delays are pending before the Real Estate Regulatory Authority (RERA, as long as financial default and distress are established under the Insolvency and Bankruptcy Code. Admitting a Section 7 application filed…