When then-President Joe Biden announced his first federal student loan forgiveness plan in August 2022, he predicted that it would lift tens of millions of Americans out of longstanding debt. A new study suggests that the promises associated with the thwarted plan contributed to an opposite effect: adding to Americans’ financial distress. “It’s a game changer,”…
Dynamic recently entered insolvency proceedings, but this morning the court approved its sale to the Ronen Elad Holdings Group for NIS 178 million. Chairman Elad: “We believe in the company’s potential, in the technology, and above all in the dedicated employees” The court approved this morning (Thursday) the sale of the Dynamic Wet Wipes company…
Civil society leaders in Kenya are calling for sweeping reforms to the global debt architecture, arguing that rising debt repayments are starving African governments of resources needed to finance healthcare, education and other essential public services while trapping countries in a cycle of borrowing. Speaking at the launch of the Freedom from Debt campaign…
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that no effective adjudication survives in income tax appeals filed by EMI Transmission Limited after the company underwent liquidation under the Insolvency and Bankruptcy Code (IBC). It noted that the company had been sold as a going concern and the liquidation proceedings had…
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…
Welcome Homes (Scotland) Limited was founded in 2005 and was registered to an address in Charlotte Square in the Scottish capital. MVL Online was appointed liquidator after a resolution was passed that “the company be wound up voluntarily”. It added that it was agreed that Lee De’ath, of MVL Online, be appointed as liquidator “for the purposes of such…
TG Jones, previously known as WH Smith before its rebranding last year, currently operates more than 450 stores with 4,700 staff (mostly in the UK). But it is now set to close 150 of those stores as part of a “restructuring” plan which was approved by the High Court on Wednesday (July 1). TG Jones to…
Long-standing Cheshire printer appoints liquidators Printweek Read the original article here
The National Company Law Tribunal (NCLT) Chandigarh Bench held that mere suspicion and unsubstantiated assertions cannot establish fraudulent initiation of Corporate Insolvency Resolution Process (CIRP) under Section 65 of the Insolvency and Bankruptcy Code, 2016 (IBC) and rejected plea of director. The application was filed by Dr. Vijay Vohra, a director and shareholder of A.P.J.…
Shares in Mercantile Ports and Logistics Ltd (LON: MPL) fell 15% to 1.30p after a key court hearing in India linked to the company’s fight over its Karanja port asset was adjourned. The AIM-listed company said a hearing before the National Company Law Tribunal in Mumbai was adjourned on Wednesday, with no substantive order passed.…