The Supreme Court on Monday ruled that lenders cannot withdraw an approved insolvency resolution plan merely because a company’s financial position has improved, potentially limiting creditors’ ability to seek better commercial terms. A division bench of Justices J.B. Pardiwala and K. Vinod Chandran declined to interfere with the National Company Law Tribunal’s (NCLT) order rejecting…
LEXINGTON, Ky. — Thousands of Lexington residents are receiving letters notifying them their medical debt has been wiped away through a city-funded relief program. The nonprofit Undue Medical Debt announced a fourth round of medical debt relief in partnership with Lexington, eliminating over $8 million in debt for 4,189 Fayette County residents. The latest round…
Key Details The RBI’s 36th Conference of State Finance Secretaries, held on 27 October 2026, focused on how spending decisions and day-to-day financial management affect States’ long-term fiscal sustainability. Fiscal priorities: The RBI Governor emphasised the quality of expenditure, prudent borrowing and efficient cash management. New reference guide: The RBI released a Compendium on Cash…
Poundland faces risk of collapse as owners consider offers for business The Star Read the original article here
Story audio is generated using AI South African business insolvencies are forecast to fall for the first time in 10 years, with the number of applications expected to drop at least 5% in 2026, according to Allianz Trade. The trade credit insurer forecasts about 2,750 insolvency cases in 2026, followed by a further 4% fall…
Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…
Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…
Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…
Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…
Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…