REVEALED: Latest business liquidations in Nillumbik – Herald Sun
REVEALED: Latest business liquidations in Nillumbik Herald Sun Read the original article here
Iran war to tip 15,000 more firms into insolvency, Allianz warns – Insurance Business
Iran war to tip 15,000 more firms into insolvency, Allianz warns Insurance Business Read the original article here
Pre-Existing Dispute Over Defective Supply & Delay Cannot Obstruct CIRP After Admission of Undisputed Operational Debt: NCLAT Upholds Insolvency Admission [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi has upheld the initiation of Corporate Insolvency Resolution Process (CIRP) against Gemini Engi. Fab. Pvt. Ltd. and held that the Corporate Debtor could not rely on alleged pre existing disputes after admitting an undisputed operational debt through its own consequence sheet and correspondence. The issue arises…
Assignment of Not Readily Realisable Assets Valid for Dissolution When No Further Assets Remain for Distribution: NCLT [Read Order]
The National Company Law Tribunal (NCLT) New Delhi has held that assignment of Not Readily Realisable Assets (NRRAs) including pending avoidance transaction proceedings, would not obstruct dissolution of a Corporate Debtor where no further realisable assets remained available for distribution under the Insolvency and Bankruptcy Code, 2016 (IBC). The Corporate Debtor had entered liquidation pursuant…
‘I’m 26 and in nearly £20,000 debt after thinking my overdraft was ‘free money’
Falling into a trap of spending money she didn’t have, Chloe Pereira told The Mirror how her habits spiralled out of control and left her in £20,000 worth of debt Chloe said she was spending everything she had earned When Chloe Pereira was offered an overdraft aged 18, she felt a newfound sense of freedom.…