The Parliamentary Joint Committee on Corporations and Financial Services (PJC), chaired by Senator Deborah O’Neill, has handed down its final report into the effectiveness of Australia’s corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy. The Committee has made some far-reaching recommendations in the Final Report,…
The Indian domestic aviation sector was rocked earlier this month when hundreds of IndiGo flights were cancelled following the implementation of new crew rostering regulations, triggering widespread disruption at major airports. Passengers faced long delays, overcrowding and uncertainty, prompting public outrage and renewed debate around operational resilience and passenger care. On social media, many travellers…
NEW DELHI, Dec 27: Appellate tribunal NCLAT has rejected Equitas Small Finance Bank’s appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter. Earlier, the Jaipur Bench of NCLT had rejected an insolvency plea against Jumbo Finvest, observing that it is a Financial Service Provider within…
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ANI | Updated: Dec 27, 2025 17:09 IST New Delhi [India], December 27 (ANI): India needs to be comfortable with people and companies going bankrupt, as continuous insolvency and bankruptcy are essential for building a risk-taking and dynamic economy, said Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal.In an interview with ANI,…
With the aim of fully repaying the bilateral expensive loan obligations to Eurozone countries (first bailout program) by 2031-a decade before the original maturity date in 2041-Greece made a new early debt repayment move on December 15. Having received the “ green light” from the ESM, European loans under the Greek Loan Facility (GLF) with…
Appellate tribunal NCLAT has rejected Equitas Small Finance Bank’s appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter. Earlier, the Jaipur Bench of NCLT had rejected an insolvency plea against Jumbo Finvest, observing that it is a Financial Service Provider within the meaning of 3(17) of…
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Borrowing is an important part of a long-term financial plan, whether it’s for an education or a place to call home. But taking on debt comes at a cost. According to credit bureau Experian, total consumer debt in the U.S. hit a record $18.33 trillion in 2025, up 3.2% from last year. Incorporating all types…
Holly Wilson saw her work hours slashed when she fell pregnant. Holly Wilson A struggling single mum has told how she was plunged into crippling debt as a charity say one in four Scots are now turning to churches for help. Holly Wilson, from Cumbernauld, North Lanarkshire, said she racked up debts of more than…