India Today spoke to legal experts to get an insight into the various legal issues and ramifications on Insolvency Law in India. Also Read: ‘My borrowing is ₹0’: Subhash Chandra explains ₹22,000 crore personal guarantee controversy Why a five-member bench? NCLT normally functions through two-member benches. Section 419(5) of the Companies Act, 2013 provides a mechanism…
“Rich Dad Poor Dad” author Robert Kiyosaki — the self-help guru who has made a fortune preaching the secrets of financial success — has amassed a staggering $1.2 billion in debt tied to his sprawling real-estate investments, according to a report. The 79-year-old scribe has repeatedly touted the eye-popping figure while arguing that borrowing money…
The Kenya Union of Savings and Credit Co-operatives (Kuscco) was formed in 1973 as an umbrella body for saccos and expanded into a multi-billion shilling institution offering financial and other services. A Sh13.3 billion fraud scandal plunged it into insolvency, forcing members to abandon rescue efforts and vote for liquidation last week. The decision came…
By Rick Archer · September 1, 2026, 11:33 AM EDT A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 plan for a golf merchandise and course design company founded by legend Jack Nicklaus after hearing there was no opposition… To view the full article, register now. Read the original article here
About 3000 hospitality businesses have closed their doors in the past 12 months, new data shows. By Susan Edmunds of RNZ Credit bureau Centrix has released its latest update, which shows that while business defaults are down, company closures and liquidations are elevated. In the hospitality sector alone, 422 companies, or 1.3% of the sector,…
A Hartlepool security company has entered voluntary liquidation after building up debts of more than £80,000. Euro Security Limited, which traded as Euro Security and Euro Fire & Security, filed its statement of affairs after entering creditors’ voluntary liquidation on Wednesday, August 26, revealing debts of more than £80,000. The liquidation came less than two…
Leading Labels, founded in 1993, is a long-running clothing retailer that draws shoppers with major brands at outlet prices. It stocks discounted fashion items from big-name brands, including Calvin Klein, Wrangler, and Joules. At its peak, Leading Labels ran around 30 stores with more than 200 employees. Leading Labels falls into liquidation Leading Labels is…
Young people heading to university this autumn are being urged to understand the risks associated with easily accessible forms of credit. Advice NI warns that the repayments across credit options such as payday loans, overdrafts, credit cards, and buy-now-pay-later schemes, can quickly become unaffordable, leaving students vulnerable to problematic debt. Data from the charity’s personal…