Why health is the next frontier for debt swaps – African Business
Why health is the next frontier for debt swaps African Business Read the original article here
1,777 Youths Self-Report Cyber Gambling in South Korea's Self-Reporting Period – 조선일보
1,777 Youths Self-Report Cyber Gambling in South Korea’s Self-Reporting Period 조선일보 Read the original article here
What does it really mean to go bankrupt?
There are a lot of myths and misconceptions when it comes to bankruptcy. But it is also a process that an increasing amount of Americans are facing. Filings at the end of March this year “were up almost 12% from a year earlier,” said NPR. This suggests that a “growing number of Americans have reached…
Explaining the story of how Woking's council racked up debts of £2.1 billion – Surrey Live
Explaining the story of how Woking’s council racked up debts of £2.1 billion Surrey Live Read the original article here
NCLT approves Shree Naman’s ₹1,800 cr offer for Gstaad & Neo Hotels in rare full recovery bankruptcy deal
The offer exceeds the total net admitted liabilities of approximately ₹1,227 crore across both entities, marking a rare outcome under the Corporate Insolvency Resolution Process (CIRP). Gstaad Hotels, which owns the JW Marriott Hotel in Bengaluru, was acquired for ₹1,611 crore against admitted liabilities of ₹1,202 crore. Neo Capricorn Plaza, owner of Hotel Crowne Plaza…
Corporate & Commercial Laws Roundup August 2026
The Commercial Laws Roundup August 2026 brings together the month’s most significant developments across India’s commercial law landscape. This edition features important judgments from the Supreme Court, High Courts, the National Company Law Tribunal (NCLT), and Foreign Courts on insolvency, arbitration, lifting corporate veil and commercial procedure of pre-institution mediation. In addition to the latest…
Cases Facing Liquidation Likely To Stay High
Cases Facing Liquidation Likely To Stay High Among large resolved cases, Jaiprakash Associates was resolved in 4QFY26 with admitted claims of Rs606 bn, delivering 23% recovery for creditors relative to claims and 89% of liquidation value. FinTech BizNews Service Mumbai, 6 September, 2026: The latest Kotak Institutional Equities report provides valuable insights on the…
Per Capita Debt in the Country Stands at Tk129,239
As of March this year, the per capita debt of citizens in the country has reached Tk129,239. Finance Minister Amir Khasru Mahmud Chowdhury shared this information in the national parliament. In response to a query from Member of Parliament Reza Ahmed on Sunday (September 6), the Finance Minister stated that to reduce the burden of…
Pending Interlocutory Applications Do Not Bar Liquidation Of Corporate Debtor: NCLT Mumbai
The National Company Law Tribunal (NCLT), Mumbai Bench, has held that pending interlocutory applications concerning the affairs of a Corporate Debtor do not prevent liquidation proceedings from commencing. Such applications can instead be pursued by the Liquidator in accordance with law. “Though certain interlocutory applications relating to the affairs of the Corporate Debtor are stated…
Bombay High Court Quashes Insolvency Professional’s Suspension Over SCN Based On Extraneous Material
The Bombay High Court has quashed an Insolvency and Bankruptcy Board of India (IBBI) Disciplinary Committee order suspending insolvency professional Jitender Kumar Jain’s authorisation for assignment for three months. The court found that the show-cause notice issued to Jain was based on material outside the investigation conducted against him. A Bench of Justice Manish Pitale…