Jordan Allen fraudulently secured a £50,000 Covid Bounce Back Loan in 2020 – the most businesses were entitled to under the scheme – by overstating his turnover by more than £200,000 His plastering business should only have received around £5,000 if he had submitted an accurate application for the loan Allen, who was declared bankrupt…
Date 1/30/2025 2:03:03 AM (MENAFN– Asia Times) Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Will DeepSeek deep-six the US economy? MENAFN30012025000159011032ID1109147053 … Read the original article here
The Reserve Bank of India has filed for insolvency proceedings against Aviom India Housing Finance after superseding its board due to governance concerns and payment defaults. Mumbai, Jan 30 (PTI) The Reserve Bank on Thursday said it has filed an application with the National Company Law Tribunal, New Delhi bench, for initiation of corporate insolvency…
The Reserve Bank of India (RBI) has filed an application with a company tribunal to initiate insolvency proceedings against Aviom India Housing Finance. This decision follows the RBI’s earlier move to supersede the board of Aviom due to governance concerns and payment defaults. While the specific governance issues have not been disclosed, the central bank…
The Finance Minister is expected to place the Union Budget in Parliament on February 1, 2025. While critical fiscal law reforms are likely, the government should take this opportunity to initiate deeper reforms to revigorated the Indian stressed assets markets. The IBC was a radical structural reform when it was introduced in 2016. It has…
Subscribe to our FREE Newsletter, or Telegram and WhatsApp channels for the latest stories and updates. It has been said before but it must be said again; social media only shows the highlight of a person’s life and doesn’t tell the real story. If you’re feeling jealous of someone’s luxurious lifestyle, remind yourself that these people might actually be bankrupt or…
Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Will DeepSeek deep-six the US economy? Steve Hsu and David P. Goldman examine the potential economic fallout from the recent DeepSeek shock, which has raised concerns about overvaluation in US tech stocks and its broader…
Spirit Airlines said on Monday that it had filed for bankruptcy protection and would attempt to reboot as it struggles to recover from the pandemic-caused decrease in travel and a failed attempt to sell the airline to JetBlue. Spirit, the biggest US budget airline, has lost more than $2.5bn since the start of 2020 and…
Thames Water’s board is split over two competing deals from its lenders aimed at saving the UK’s biggest water supplier from going insolvent. Two classes of creditors, group A bondholders and group B bondholders, are offering high-interest £3bn rescue packages intended as a liquidity lifeline while the company burns through cash and seeks to restructure…
A number of businesses have shown interest in purchasing Arshiya Ltd., a publicly traded supply chain and logistics infrastructure company that is presently going through corporate insolvency resolution. These businesses include Adani Ports and Special Economic Zone, JSW Infrastructure, Horizon Industrial Parks, and Transindia Real Estate Ltd. Investors like Authum Investment & Infrastructure Ltd, Dickey…