Policyholders face $120m in losses as PHL Variable slides into liquidation – Insurance Business
Policyholders face $120m in losses as PHL Variable slides into liquidation Insurance Business Read the original article here
Missouri man uses handmade swords to fight school lunch debt
ST. LOUIS COUNTY, Mo. (InvestigateTV) — A retired firefighter in suburban St. Louis has found an unusual way to help students struggling with school lunch debt by crafting wooden swords and donating the proceeds to local schools. Chris Monroe started making swords for his grandchildren three years ago. Word spread to neighborhood children, and he…
SC upholds insolvency proceedings against real estate firms for Greater Noida project- The Week
New Delhi, Feb 2 (PTI) The Supreme Court on Monday upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees. A bench comprising Justices Sanjay Kumar and K Vinod Chandran dismissed the appeals…
SC upholds insolvency proceedings against real estate firms for Greater Noida project
The Supreme Court on Monday upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees. A bench comprising Justices Sanjay Kumar and K Vinod Chandran dismissed the appeals filed by the…
SC upholds insolvency proceedings against real estate firms for Greater Noida project
New Delhi, The Supreme Court on Monday upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees. SC upholds insolvency proceedings against real estate firms for Greater Noida project A bench comprising…
IBC | Joint Insolvency Plea Maintainable Against Intrinsically Linked Corporate Debtors: Supreme Court
The Supreme Court has ruled that a joint petition for the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code (IBC) is maintainable against separate corporate entities if they are “intrinsically linked” to a single project. The Court upheld the admission of insolvency proceedings against M/s. Grand Venezia Commercial Towers…
Single Insolvency Petition Maintainable Against Corporate Entities Which Are Intricately Linked : Supreme Court
In a relief to homebuyers, the Supreme Court on Monday (February 2) held that in real estate projects, a single insolvency petition under Section 7 of the Insolvency & Bankruptcy Code is maintainable against more than one corporate entity if they are intrinsically connected in the execution and marketing of the project.A bench of Justices…
Freezing Of Bank Accounts During Insolvency
Imagine a corporate debtor undergoing the Corporate Insolvency Resolution Process. Every rupee lying in its bank accounts becomes critical to sustain operations, pay employees and preserve value for creditors. Yet, at the same time, the Enforcement Directorate or other investigating agencies may step in on allegations of money laundering and freeze those very accounts. What…
Early warning system unveiled as Africa faces $96bn external debt bill
African multilateral lenders have launched a continent-wide early warning system aimed at spotting the first signs of sovereign debt distress amid mounting concerns about a looming debt crisis. The tool, developed by the Alliance of African Multilateral Financial Institutions (AAMFI), is intended to help regions lenders coordinate support for countries under strain and reduce the…
Decade-high margin levels in Asia help explain selling intensity
Published Mon, Feb 2, 2026 · 08:16 PM THE highest levels of margin debt used to buy stocks since the global financial crisis offer a clue as to why Asian shares tumbled, following a sell-off in precious metals. The value of outstanding margin debt on China’s stock exchanges climbed to a record last week –…