FM observes definite improvement in lending and borrowing behaviour The finance minister Arun Jaitley has written in his personal blog about two years of Insolvency and Bankruptcy Code, while commending it from strong recoveries of bad loans. The finance minister stated that so far 1322 cases have been admitted by NCLT, while 66 have…
Finance Minister Arun Jaitley Thursday said Rs 80,000 crore has been recovered by creditors in 66 cases resolved by NCLT and around Rs 70,000 crore more is likely to be realised by March-end. Accusing the Congress of leaving behind a legacy of an “anachronic system” of resolving commercial insolvency, Jaitley said the NDA government acted…
(Stock photo) Lenders must now tell customers if they can save on their mortgage Independent.ie Banks will have to tell customers if they can make savings on their mortgages under new rules which have just come into effect. https://www.independent.ie/business/personal-finance/property-mortgages/lenders-must-now-tell-customers-if-they-can-save-on-their-mortgage-37676957.html https://www.independent.ie/incoming/article37624019.ece/60110/AUTOCROP/h342/page17_property.jpg Email Banks will have to tell customers if they can make savings on their mortgages…
A shocking number of UK adults would leave it up to three years or more before seeking professional help if they were in debt, new research has revealed. A survey of 1,000 UK adults, carried out by Creditfix, the UKs largest personal insolvency practice, found that 59% of Brits would wait over two years before…
NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Yangtze River Port and Logistics Limited (NASDAQ: YRCW) from February 2, 2016 through December 5, 2018, inclusive (the Class Period). The lawsuit seeks to recover damages for Yangtze…
Photo: Aniruddha Chowdhury/Mint The Insolvency and Bankruptcy Code (IBC) was introduced by the Narendra Modi government in December 2016 to expeditiously resolve claims involving insolvent companies in a bid to tackle the bad loan problem plaguing Indias banking system. Two years on, even as it continues to evolve, the legal reform has emerged largely successful.…
Around 20 Scottish businesses are set to fail each week in 2019, an industry expert has predicted, after corporate insolvencies were found to have risen dramatically in the past year. Continued uncertainty surrounding Brexit, an increase in competition and a squeeze on pricess in many sectors are all key factors, according to accountancy and business…
FSA Group Ltd (ASX:FSA) insider Deborah Southon bought 100,000 shares of the companys stock in a transaction that occurred on Thursday, November 29th. The stock was acquired at an average price of A$1.07 ($0.76) per share, with a total value of A$106,500.00 ($75,531.91). Shares of FSA Group stock traded down A$0.05 ($0.04) on Tuesday, reaching…
Greig Cameron More than 8,770 people entered into personal insolvency in the first nine months of last yearALAMY Dozens of Scots are expected to become bankrupt every day this year as rising household bills and sluggish wage growth continue to impact personal finances. Last year, about 12,000 people are thought to have been sequestered, the…
Insolvency or financial distress forced sixteen companies off Londons junior market last year, up from nine in 2017. Conviviality, the owner of Bargain Booze, and Crawshaw Group, a chain of butchers, were among the high-profile casualties whose listings were cancelled on Aim after collapsing into administration last year. The travails of Wolf Minerals, a Dartmoor-focused…