Hundreds in Bury seek help from debt relief scheme

Recent government figures show that 249 residents in Bury entered the Breathing Space scheme in 2025, which offers legal protection from creditors, including a pause on creditor action and no interest or charges for up to 60 days. Also known as the Debt Respite Scheme, Breathing Space was introduced in 2021 to give people time…

Videocon Default Escalates—NCLT Admits Dhoot’s Insolvency Petition, Imposes Asset Freeze

In one of the most significant developments in India’s banking and insolvency landscape, State Bank of India (SBI)-led consortium lenders have secured a major legal milestone as personal insolvency proceedings have been formally initiated against Venugopal Nandlal Dhoot in connection with an estimated ₹61,000 crore exposure linked to the erstwhile Videocon Group. The move marks…

Tianyu Property (00059.HK) Enters Exclusive Agreement with Investor and Joint Provisional Liquidators; Trading Remains Suspended

For sharing news, please enter the email address of you and the receiver, then press SEND button. Enter email addresses, separated by semicolon (;). E.g. [email protected];[email protected] Tianyu Property (00059.HK) Enters Exclusive Agreement with Investor and Joint Provisional Liquidators; Trading Remains Suspended Tianyu Property (00059.HK), which is undergoing liquidation, announced that the company, an investor and…

NCLT orders insolvency proceedings against Dhoot

NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against Videocon’s former chairman and MD Venugopal Dhoot for defaulting on loans of Rs 6,158 crore, as a personal guarantor of two group companies.Admitting a plea from State Bank of India (SBI), NCLT said Venugopal Dhoot has “committed defaults in repayment…