IBBI directs insolvency professionals to conduct due diligence and prevent misuse of the IBC framework for tax evasion or avoiding scrutiny, citing potential indicators. Key Points IBBI has instructed insolvency professionals to perform due diligence to prevent misuse of the insolvency framework. The regulator noted that the IBC framework is being misused for purposes like…
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Public Debt Management Cell (PDMC) manages India’s government debt, borrowing, risks and cash, while strengthening debt systems and preparing for the proposed PDMA. The Public Debt Management Cell (PDMC) is an important part of India’s framework for managing government debt, covering borrowing, liabilities, cash management, debt sustainability and government securities markets. About the Public Debt…
Iconic Manchester restaurant ‘open as normal’ as firm behind it files for administration Manchester Evening News Read the original article here
Freedom Forever bankruptcy converted to Chapter 7 liquidation, key dates set pv magazine USA Read the original article here
Listen to the article 1 min This audio is auto-generated. Please let us know if you have feedback. Francesca’s Chapter 11 wind-down plan was confirmed by a bankruptcy court judge on Tuesday. The amended plan outlines the retailer’s success over the past few months in resolving objections from landlords and other creditors regarding its store…
Financial Services Commission Chairman Lee Eok-won takes part in a debt-write-off ceremony with a citizen representative at a New Leap Fund debt-cancellation event last December. Yonhap News The government has decided to broaden the range of loans the New Leap Fund can buy, extending debt forgiveness to borrowers who fell out of earlier restructuring programs…
By Morgan Harrington, Matt Saunders The latest data from the National Accounts shows that gambling losses reached a new, all-time high of $36 billion in the 2025-26 financial year. Losses went up by $1.2b more than in 2024-25, which is the biggest increase in three years. Figure 1: Gambling losses jackpotted to a new record…