Rising costs At first, HECS-HELP fees increased steadily but not alarmingly. That changed in 2020 with the introduction of the Job-ready Graduates Package, a sweeping reform that more than doubled fees for many humanities subjects, while the cost for STEM, nursing, education and health courses were reduced. “Previously, the system broadly aligned costs with expected…
The National Company Law Tribunal (NCLT) Kolkata Bench has admitted a Insolvency application filed by Bank of India against Bahubali Realbuild Private Limited holding that simultaneous insolvency proceedings can continue against both the principal borrower and the corporate guarantor under the Insolvency and Bankruptcy Code 2016 (IBC). The petition was filed by Bank of India…
Supreme Court Declines Ex-NCLAT Member’s Plea Challenging Post-Retirement Practice Restriction Before NCLT, NCLAT Case Title : VIJAI PRATAP SINGH vs UNION OF INDIA Case Number : W.P. (C) No. 670/2026 The Supreme Court on Wednesday declined to entertain a writ petition filed by former National Company Law Appellate Tribunal (NCLAT) Technical Member Vijai Pratap Singh…
Ruling Makes Clear a Simple Path to Chapter 15 Recognition Steptoe Read the original article here
The National Company Law Tribunal (NCLT), Allahabad Bench of Sri Praveen Gupta (Member, Judicial) and Sri Ashish Verma (Member, Technical) has dismissed a Section 7 insolvency application filed by M/s Nivedan Fin Invest Lease Limited (Financial Creditor) against real estate developer M/s Cosmos Infraestate Private Limited (Corporate Debtor). Beyond ruling that a short-term business investment…
Hodge Bank has increased loan-to-value limits across its residential and later life mortgage ranges. The specialist lender will now allow debt consolidation up to 90% loan to value, up from 85%, across its Hodge Resi and Hodge Resi Retire product ranges. It has also increased its maximum loan to value for remortgaging to 95%, from…
Australian tour company AVG Travels is under fire for leaving thousands of customers in the lurch after going into liquidation. “You pack your bags, get insurance … and this is what I get in return,” said Pearl Rodriguez, who booked a trip to China. When Pearl visited the head office in Melbourne today, the lights…
The CEO of collapsed property investment advisory Dashdot says it is working to shield clients from the financial fallout, after declaring the startup fell victim to brutal economic conditions, federal budget reforms, and changes to Meta’s advertising system. Related Article Block Placeholder Article ID: 337989 Dashdot fell into voluntary liquidation last week, with the seven-year-old…
MindChamps returns to profitability as Australia remains key growth market MindChamps PreSchool has reported a return to profitability in FY2025, with the Singapore-listed early learning provider highlighting improved financial performance, expansion activity in Australia and plans for further franchise growth as it positions itself for future international expansion. Read the original article here
The company is reportedly owing several Aussie-based disties millions of dollars. Metrocom, owner of GalaPower has gone into liquidation after owing creditors hundreds of thousands of dollars. A notice of liquidation was published on May 25 saying the company would be wound up and that Christopher Peter Sequeira and Andrew John McCabe be appointed as…