While granting relief to homebuyers stuck in a real estate dispute, the Supreme Court has held that the moratorium under the Insolvency and Bankruptcy Code, 2016 (IBC) operates against the corporate debtor alone and no other category, whether it be any subsidiary company, manager/ director, or personal guarantor, can be added to it unless specifically…
The Jaipur bench of the National Company Law Tribunal (NCLT) has approved a resolution plan worth Rs 288.37 crore submitted by Oriental Structural Engineers Private Limited (OSEPL) for ACCIL Corporation Private Limited, the owner of the five-star Holiday Inn Jaipur City Centre, bringing the hotel company’s insolvency proceedings to a close nearly nine months after…
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In a landmark legal achievement, Al Doseri Law – under the leadership of lawyer Saad Al Doseri, acting as Bahraini legal counsel, and in co-ordination with the international law firm DLA Piper – secured a judgment from the High Civil Court (Seventh Chamber for Corporate Reorganisation and Bankruptcy) that ranks among the first and most…
Speaking at a media briefing on Tuesday (28 July), the lender said the federal budget and a more challenging operating environment were reshaping borrower behaviour, but new doors were opening for brokers willing to move with the changes. “We try not to have a bearish view of what’s going on in the market, but more…
Oman proposes Hormuz management system with voluntary fees, source says Reuters Read the original article here
“Our primary goal in bringing the liquidation proceeding was to ensure the preservation of investor funds to the extent possible,” said Margot Gatland, the FMA’s head of enforcement, in a media release. “The Court’s judgment confirms the FMA’s concerns about the management of these companies.” Read the original article here
More than a year after one of baseball’s most shocking scandals rocked Major League Baseball, newly released audio is shedding fresh light on the deception that nearly tarnished the reputation of global superstar Shohei Ohtani. The latest revelations come from ESPN’s six-part 30 for 30 Podcasts series, “The Betrayal of Shohei Ohtani”, which includes previously…
Pacific aid rebounds, but growth is increasingly debt-driven Lowy Institute Read the original article here
The new Education Secretary has signalled plans to overhaul the student loan system to cut graduates’ cost of living – opening the door to another multi-billion-pound spending commitment. In an interview on Monday, Lucy Powell indicated ministers were considering changes to both the repayment threshold and the interest rate on Plan 2 loans. Interest is…