Economy & Nation Byju Raveendran Gets 6-month Jail Term in Singapore Contempt Case Moneylife Digital Team 28 May 2026 A Singapore court has sentenced Byju’s founder, Byju Raveendran, to six months in prison in a contempt-of-court case linked to non-compliance with asset-disclosure orders, marking one of… Read the original article here
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South Africans received some financial breathing room from lower interest rates and access to retirement savings under the two-pot retirement system in the first quarter of 2026, but new data suggests financial pressure has not disappeared; it may simply be showing up in different places. The latest DebtBusters Debt Index shows consumers continued to face…
Dashdot’s collapse has raised fears more real estate-linked firms could come under pressure, with ASIC data showing 426 insolvencies in Rental, Hiring and Real Estate Services so far this financial year. An outspoken property advisory’s collapse has sparked fears more real estate-linked firms could falter as Labor’s investor tax shake-up hits already fragile businesses. Dashdot…
Recoveries under the Insolvency and Bankruptcy Code (IBC) have seen a significant decline in the fiscal year 2025-26, as outlined in a report by the ratings agency ICRA. A key issue has been the delay in resolution timelines, substantial haircuts for lenders, and an overwhelming number of liquidation cases. The recovery rate against admitted claims…
Crowe Ireland partner Declan Hanly says that while the Irish business environment remains robust, the firm is seeing growth in its volume of restructuring and insolvency work. By Sorcha Corcoran The promotion of Declan Hanly to partner in Crowe Ireland’s Corporate Restructuring practice in January reflects the accountancy and business advisory firm’s ongoing investment in…
Nqobile Bhebhe, [email protected] The Corporate Rescue Plan for Inclusive Financial Services (Private) Limited has been formally adopted by creditors, paving the way for the company to continue operating as a going concern under a legally binding restructuring framework. According to a notice issued by Corporate Rescue Practitioner, a Ms R Dube, the rescue plan was adopted…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The Insolvency Service recently gave the Riigikogu Economic Affairs Committee an overview of the field where the statistics are alarming: in just three years and one quarter, nearly 600 companies managed to leave behind close to €200 million in debt without facing any real consequences. According to Insolvency Service Director Signe Viimsalu, the problem is…
J R Dixon Limited, based at Joseph Noble Road, Lillyhall, formally entered a Creditors’ Voluntary Liquidation, with Jessica Leeming and Lila Thomas, of FRP Advisory, appointed as joint liquidators. A statement of affairs filed with Companies House, dated May 21, 2026 shows estimated assets available to preferential creditors of £44,653.64. However, the company’s estimated assets…