NCLAT sets aside NCLT order against Embassy Development over Canara Bank plea. Insolvency proceedings halted due to IBC Section 10A. New Delhi, May 4 (PTI) Appellate tribunal NCLAT has set aside an NCLT order that allowed insolvency proceedings against realty firm Embassy Development. The Delhi bench of the National Company Law Tribunal (NCLT), in December…
A major food company in Dubai is set to be placed into provisional liquidation, according to reports. IFFCO Group is said to have debts of nearly £1.5 billion and made little progress in restructuring talks amid disputes among key shareholders and the Iran war. The conflict, which began in late February, and the continued disruption…
Brazil revives consumer debt relief program ahead of election Reuters Read the original article here
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A UK agricultural company has plunged into liquidation after only being in business for four years. Founded in 2022, it is the end of the road for the company after shareholders decided to wind up the business. Beacon International Trading Limited, which is based in Des Roches Square in Witney, Oxfordshire, entered administration on April…
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Brazilian President Luiz Inácio Lula da Silva has announced that participants in Novo Desenrola Brasil, a debt renegotiation program for indebted consumers, will be blocked from using licensed online betting platforms for one year. The announcement was made on Thursday night, April 30, during a Labor Day address broadcast on national radio and television. The…
Brazil relaunches consumer debt relief program ahead of election By Investing.com Investing.com Australia Read the original article here
Brazil relaunches consumer debt relief program ahead of election By Investing.com Investing.com Canada Read the original article here
BRASILIA, May 4 (Reuters) – Brazil relaunched on Monday a consumer debt relief program first introduced in 2023, aiming to cut interest burdens and boost disposable income ahead of President Luiz Inacio Lula da Silva’s re-election bid in October. The revamped “Desenrola” program targets earners of up to five times the minimum wage, offering discounts…