Robert Kiyosaki is the author of the best-selling self-help book Rich Dad Poor Dad; however, it now appears that he’s In Debt, Dad. During a recent appearance on the “Get Rich Education” podcast, Kiyosaki admitted that he’s “a billion two in debt.” It’s worth noting that Kiyosaki believes he understands how to use debt to…
Zee Group founder Subhash Chandra on Wednesday told the National Company Law Appellate Tribunal (NCLAT) that he had been ‘vilified’ over reports that he had proposed to pay Rs 6.5 crore against admitted creditor claims of Rs 22,006 crore. Appearing for Chandra, Advocate Sasmit Patra said the proceedings had resulted in a “media trial”…
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Edge Early Learning, one of Australia’s larger private childcare operators, has placed 44 companies into voluntary administration, with Craig Shepard, David Johnstone and Stacey Clisby of KordaMentha appointed voluntary administrators on 25 August 2026. The appointments encompass Edge Early Learning Holdings Pty Ltd, operating and property entities across the group, and Montague Road Early Learning…
A major Australian plastics recycling business that previously received a $20 million federal government grant has fallen into voluntary administration. South Australian-based Recycling Plastics Australia (RPA) appointed Tim Mableson and Ned Swifte from KPMG as voluntary administrators on Monday, and the first meeting of the company’s creditors is scheduled for next week, according to a…
The procedure under the IBC takes shape when a company/borrower fails to clear its debt. In this case, the creditor approaches the National Company Law Tribunal (NCLT) to initiate the ‘insolvency proceedings.’ In simple terms, Insolvency refers to the state of being unable to pay one’s debt. At first, a ‘demand notice’ under section 8…
Japan’s got a bureaucracy that runs like a man who wants to lose weight, so he burns down the kitchen. Japan’s ruling party, the Liberal Democratic Party of Japan, which is neither liberal nor democratic, also known as the LDP, has got a wonderful plan to save the economy: chase off the very people bringing…
Essel Group Chairman Subhash Chandra on Wednesday (September 2, 2026) opposed the formation of a five-member bench by the National Company Law Tribunal (NCLT) to decide his personal insolvency case, contending that the tribunal does not have the power to constitute such a bench. Also read | NCLT five-member Bench stays approval of Subhash Chandra’s…
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