The Rory Gallagher International Tribute Festival, a popular non-profit four-day event in Donegal, is owed €283,000 by the company behind Tickets.ie, which announced it was going into liquidation earlier this week. The 23-year-old festival, which honours Ireland’s greatest-ever guitarist, had its most successful year ever when it took place last week, but now…
Singapore: Court to hear Bunker Partner’s winding-up bid against Victory Shipping on 12 June Manifold Times Read the original article here
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Greece’s parliament is set to vote on a bill this week, raising the protected balance in personal bank accounts to €1,600, as the government seeks to ease pressure on indebted households facing widespread enforcement measures. The proposal, announced by National Economy and Finance Minister Kyriakos Pierrakakis, would increase the non-seizable threshold from €1,250, shielding a…
Singapore: COSCO Petroleum Pte Ltd to be wound up voluntarily Manifold Times Read the original article here
Understand the difference between traditional recovery laws and IBC, 2016, and how India’s insolvency framework shifted from recovery to resolution Introduction Recovery of loans and management of stressed assets have always been major challenges for banks and financial institutions. Whenever a borrower fails to repay loan obligations and the account becomes…
Bengaluru: Credit Nirvana, the AI-powered debt management and collections platform owned by Perfios, has appointed Vinay Sathyanarayan as its new Chief Executive Officer (CEO), marking a key leadership transition aimed at accelerating innovation and growth in the debt collections and recovery intelligence space. The appointment reflects Perfios’ strategy of building and scaling entrepreneurial businesses within…
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