The Department of Financial Services (DFS) on Monday reviewed the progress of major cases under the Insolvency and Bankruptcy Code (IBC) to accelerate resolution and improve recovery outcomes. The review meeting was chaired by DFS Secretary Shri M. Nagaraju, and attended by senior officials from the Department of Financial Services, top management of…
Debt forgiveness could cut thousands of dollars off a $15,000 balance, but the outcome could vary. Andrii Yalanskyi/Getty Images Americans are carrying more credit card debt than ever and the cost of holding that debt continues to climb. Total credit card balances have surged past $1.28 trillion nationwide and the average credit cardholder is paying…
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In a determined effort to expedite insolvency resolutions, the Department of Financial Services Secretary M Nagaraju led a crucial review meeting on Monday. Officials from the DFS, heads of Public Sector Banks, and representatives from the Insolvency and Bankruptcy Board gathered to assess the progress of unresolved cases at the National Company Law Tribunal…
Legal action over a key student-loan repayment plan continues to mount — and this time it’s about debt relief. On Monday, four student-loan borrowers, represented by law firm Public Goods Practice, filed a lawsuit against the Department of Education calling for “immediate” relief for borrowers enrolled in the SAVE plan. The SAVE plan, created by…
The National Company Law Appellate Tribunal (NCLAT) has upheld a previous decision rejecting an insolvency plea made by Reliance Realty against Altruist Customer Management. The dismissal was originally issued by the National Company Law Tribunal (NCLT), which cited a pre-existing dispute over Rs 24.34 crore in rental dues. Reliance Realty sought insolvency proceedings under…
UK cargo company collapses leaving Evri parcels undelivered Oxford Mail Read the original article here