New Jersey Politician Pleads Guilty in Lucchese Family Linked Gambling Operation – Shore News Network
New Jersey Politician Pleads Guilty in Lucchese Family Linked Gambling Operation Shore News Network Read the original article here
Subhash Chandra insolvency: Why are creditors set to recover only ₹6.5 crore against ₹22,006 crore claims?
The story so far: The National Company Law Tribunal (NCLT) on August 25 approved a repayment plan for Essel Group founder Subhash Chandra under the Insolvency and Bankruptcy Code, 2016 (IBC). Under the plan, ₹6.25 crore will be paid to creditors and ₹25 lakh towards the insolvency resolution process costs. This is against admitted claims…
AbaQulusi launches debt relief scheme for residents
AbaQulusi Local Municipality invites consumers with outstanding debt to participate in a payment incentive scheme approved by council. The scheme came into effect on August 1, 2026, and offers qualifying consumers the opportunity to have 70% of their eligible outstanding debt written off after paying 30% of debt older than 60 days. Consumers must enter…
North Yorkshire hospitality and food company in liquidation owed almost £300,000 – The York Press
North Yorkshire hospitality and food company in liquidation owed almost £300,000 The York Press Read the original article here
How and why Zee founder Subhash Chandra’s Rs 22,006 crore debt was chopped to just Rs 6.5 crore
The National Company Law Tribunal (NCLT) has approved a repayment plan in Zee Group founder Subhash Chandra’s personal insolvency case, letting him settle admitted claims of Rs 22,006 crore by paying just Rs 6.25 crore. The order has drawn sharply different reactions: dissenting lenders call the payout unviable, government sources say the widely reported haircut…
British corner shop chain enters liquidation with all UK stores to close – full list – Manchester Evening News
British corner shop chain enters liquidation with all UK stores to close – full list Manchester Evening News Read the original article here
Hindusthan National Glass and Industries issues default notice to Bira 91, plans to move NCLT – YourStory.com
Hindusthan National Glass and Industries issues default notice to Bira 91, plans to move NCLT YourStory.com Read the original article here
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Dissenting creditors alleged family-linked entities cast 61.78 pc votes that cleared Subhash Chandra’s insolvency plan
New Delhi: Dissenting lenders have alleged that five entities linked to media baron Subhash Chandra‘s family together controlled 61.78 per cent of the voting share and were instrumental in pushing through his personal insolvency resolution plan, which proposes to pay just Rs 6.5 crore against admitted creditor claims of about Rs 22,006.57 crore. The lenders…
Parliamentary panel suggests establishing dedicated NCLT benches for insolvency cases
NEW DELHI: A parliamentary panel has suggested establishing dedicated benches or verticals for insolvency cases at the National Company Law Tribunal (NCLT) to expedite disposal of such matters as well as ensure that the tribunal gives equal attention to cases under the Companies Act. Apart from the principal bench and the New Delhi bench, NCLT…