The Supreme Court of India has upheld the initiation of the Corporate Insolvency Resolution Process (CIRP) against a real estate developer, ruling that the admission of a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) is mandatory once the existence of a financial debt and default is established. The Court further…
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Tour company goes into liquidation and cancels trips, no refunds thestreet.com Read the original article here
The National Company Law Tribunal (NCLT), Kolkata Bench, dismissed a restoration application filed by the applicant, holding that a delay beyond 30 days cannot be justified as counsel’s inaction. Implex Metal & Ferro Alloys Ltd. was admitted into the Corporate Insolvency Resolution Process (CIRP) in March 2018 on a petition by the State Bank of…
English High Court supports creditors’ choice in payment institution collapse Taylor Wessing Read the original article here
UK Supreme Court rules on dishonest asset transfers during liquidation Taylor Wessing Read the original article here
January 22, 2015 ECB Announces Quantitative Easing Faced with deflation and economic stagnation in the eurozone, the ECB announces a 1.1 trillion euro (more than $1.2 trillion) program of quantitative easing (QE) to spur inflation and growth. Under the program, the ECB will purchase 60 billion euros in financial assets, including sovereign government bonds, each month. Under…
For more than a decade, the former executive chairman of Saks Global dreamed of adding Neiman Marcus to his collection of legacy department stores, believing the combined entities would create a luxury powerhouse strong enough to defy changes dragging down the industry. Instead, Richard Baker’s $2.7 billion acquisition of Neiman Marcus in 2024 ultimately plunged…
An “unprecedented” number of people in the UK have been seeking help with their debt following Christmas, charities have said. Debt advice charity StepChange said 5 January – the first Monday of 2026 – was its busiest day in over a year. It said 800 people received debt advice that day, which was higher than…
Christopher Liew is a CFP®, CFA Charterholder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers at Blueprint Financial. For many, the holidays represent a time for joy, family, friends, gift-giving and gratitude. However, the financial aftermath can be stressful. Between gift-buying, travel, special meals and last-minute surprises, it’s…