Ten years ago, US President Donald Trump promised he would pay off the national debt within just eight years. “We’re not a rich country. We’re a debtor nation,” he proclaimed during his 2016 election campaign. “We’ve got to get rid of the $19 trillion in debt … Fairly quickly.” He then offered a timeline. “I…
NCLAT extends interim stay on Hi-Tech Gears CIRP process scanx.trade Read the original article here
The Madras High Court on 10 August held that the pendency of insolvency proceedings against a chit company does not prevent its Liquidator from taking steps under the Chit Funds Act, 1982 to recover amounts due to the company. Justice D. Bharatha Chakravarthy directed the Economic Offences Wing (EOW) to furnish the Liquidator of Thiripura…
The US Dollar (USD) took a beating on Wednesday after US Treasury Secretary Scott Bessent announced a plan to buy back long-term government debt to ease Bond yields. The USD Index (DXY), which measures the value of the Dollar against a basket of six majors, dropped nearly 0.9% on the day to find support at…
SINGAPORE: The director of several companies that owe wages to more than 400 migrant workers has been declared bankrupt. A bankruptcy order was made against Indian national and Singapore permanent resident Ramu Palani Velu on Aug 13. He is the director of seven local companies that provide air-conditioning, plumbing and building services. They include KPA…
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Latest data from The Insolvency Service has shown that the construction industry experienced the highest number of insolvencies in the 12 months to June 2026 at 3,841, making up 17% of all industry cases. Carly Thorpe, Construction & Engineering Partner at Walker Morris, said: “The latest insolvency figures reflect the continued pressures facing the construction…
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REVEALED: Liquidator appointments for businesses in the Ipswich council area for August 19 The Courier Mail Read the original article here
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…