Brazil’s Lula boosts welfare payments, eyes new debt-relief push ahead of election — TradingView News

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CIRP Cannot Continue Merely Due to Procedural Hurdles in Withdrawal After Settlement of All Claims: NCLAT [Read Order]

Prime Impex was the Operational Creditor who had initiated insolvency proceedings against the Corporate Debtor where CIRP had been admitted on August 16, 2022. Axis Bank was the sole Financial Creditor who had filed a claim of around ₹1.04 crore, whereas the operational debt was about ₹11.90 lakh. No resolution was possible, and even the…

German Solar Firm BSH Files for Insolvency as Indebtedness Grows

Germany-based solar technology company BSH (BSH Hausgeräte), has filed for insolvency proceedings at the Schweinfurt District Court due to over-indebtedness. The court ordered preliminary insolvency administration and appointed a provisional insolvency administrator. BSH’s business operations are continuing during the preliminary insolvency proceedings. The administrator and his team are assessing the company’s financial position and holding…

Identity verification: three directors fined in first cases

Three company directors have been fined in the first prosecutions brought by the Insolvency Service for failing to comply with Companies House identity verification requirements. Jill White and Marc Dillon, directors of White (Reading Properties) Limited, and Modinat Banjo, director of J Isogony Apparel Limited, were sentenced at City of London Magistrates’ Court yesterday. The…

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