The National Company Law Tribunal (NCLT) on Monday deferred orders in eight insolvency petitions against SpiceJet after the airline and one of its aircraft lessors informed the tribunal that they had reached a settlement hours before the orders were scheduled to be pronounced. A special Bench comprising Judicial Member Mahendra Khandelwal and…
Discovery Corporate and Employee Benefits has launched Debt Reset, an innovative retirement fund benefit designed to help employees redirect retirement contributions towards debt repayment for a limited period and subsequently receive a retirement Boost that helps restore their long-term retirement trajectory. Effectively reducing short-term unsecured debt while protecting their long-term financial future. For many South…
IndiaLaw LLP has announced the appointment of Satish Anand Sharma as a Senior Partner in its Mumbai office, further strengthening the Firm’s Corporate & M&A, Financial Regulatory, Capital Markets and Insolvency & Bankruptcy practices. Satish brings over 25 years of experience advising corporates, banks, financial institutions, investment funds and NBFCs on complex domestic and cross-border…
Florigen was legally incorporated on Tuesday, August 11, the same day its first trial began at the Delphy Improvement Centre in Bleiswijk. The company is the first commercial venture to emerge from the HortiScience Innovation Center (HIC), where the concept was developed earlier this year during one of the centre’s recurring entrepreneur sessions. Florigen…
Senior Advocate Kevic Setalvad and advocate Pranay Goel, appearing for creditors in connected petitions, strongly opposed any deferment of the remaining orders. Setalvad argued that a bilateral settlement in one case could not stall orders in matters involving other creditors. “I don’t think, with the utmost respect, that this settlement, coming in at the 18th…
The development follows the conclusion of the insurance industry’s recapitalisation exercise, after which NAICOM issued new licences to 43 companies that met the requirements under the Nigerian Insurance Industry Reform Act 2025. Eight other insurers that failed to meet the requirements now face the liquidation process. NAICOM concludes recapitalisation exercise NAICOM introduced new capital requirements…
SINGAPORE – Singapore-based AI recruitment platform Snaphunt is being wound up after a planned US$2.8 million (S$3.5 million) funding round was said to have been delayed, leaving it without enough cash to continue operating. The company resolved on July 30 to wind up operations. Tan Wei Cheong and Justin Lim from Deloitte Singapore SR&T Restructuring…
New debt forgiveness program helps former Paine students WJBF Read the original article here
New debt forgiveness program helps former Paine students WJBF Read the original article here
New debt forgiveness program helps former Paine students WJBF Read the original article here