NCLT admits listed coaching firm MT Educare under Corporate Insolvency Resolution Process – Economic Times

A bankruptcy court has admitted the listed MT Educare, formerly known as Mahesh Tutorials, into the corporate insolvency resolution process (CIRP) and appointed Ashwin Bhavanji Shah as the interim resolution professional for the Mumbai-based coaching firm. The Mumbai bench of the National Company Law Tribunal (NCLT) allowed the companys operational creditor Connect Residuary to initiate…

Axis Finance asks resolution professional to intervene to stall Zee deal with Sony – Economic Times

Axis Finance Ltd (AFL) has requested Raj Kamal Saraogi, the resolution professional overseeing personal insolvency proceeding against Subhash Chandra, to intervene and stop the amalgamation scheme between Zee Entertainment, Culver Max Entertainment (Sony) and Bangla Entertainment, a subsidiary of Sony. In a communication to Saraogi, AFL, the non-banking financial arm of Axis Bank, said Chandra’s…

Urgent action on insurance incentives rebuffed by Louisiana lawmakers – NOLA.com

Insurance Commissioner Jim Donelons request to fast-track funding for an incentive program was rebuffed by state lawmakers this week, leaving the effort in limbo until the next legislative session starts in April. Donelon had urged lawmakers to allow him to use $15 million in leftover premium tax revenue that the insurance department collects to kickstart…

Commentary – Monthly Insolvency Statistics November 2022 – GOV.UK

Released 14 December 2022 Next release 17 January 2023 Media enquiries Jason Raj +44 (0)33 3032 9366 Statistical enquiries Stacey Witchell (author) [email protected] David Webster (responsible statistician) User Engagement Survey Official Statistics (smartsurvey.co.uk) Please complete this survey relating to Insolvency Service Official Statistics to let us know your views and tell us about anything else…

Boris Becker released months after prison sentence over $4 million fraud – Yahoo Sport Australia

Boris Becker has been released from prison less than eight months after being sentenced over a $4 million bankruptcy fraud. Pic: Getty Tennis legend Boris Becker has been released from prison and deported back to Germany just months after being sentenced over a $4 million fraud. Becker was convicted of four charges under Britain’s Insolvency…