In May, 2020, Amy Shishler, whose last known address was St Johns Gardens in Bury, caused her retail company Precious and Posh Ltd to make a bounce back loan (BBL) application of £20,000. In a report, government agency The Insolvency Service said she did this “when she knew, or ought to have known, that the company turnover did not support…
Creditors have recovered around Rs 3.55 lakh crore through resolution of 1,068 cases under the insolvency law till September this year, the government said on Monday. In a written reply to the Lok Sabha, Minister of State for Corporate Affairs Harsh Malhotra also said that a total of 1,963 CIRP cases are ongoing and out…
India’s insolvency law has seen creditors recover Rs 3.55 lakh crore through the resolution of 1,068 cases till September 2024. The government highlights the market-driven nature of recovery under the IBC. New Delhi, Nov 25 (PTI) Creditors have recovered around Rs 3.55 lakh crore through resolution of 1,068 cases under the insolvency law till September…
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Home News US to go bankrupt? Debt Increasing by Rs 531948578490 daily, burden per citizen is… Since the outbreak of COVID-19 pandemic, America’s debt has increased by nearly USD 16 trillion, marking the highest debt accumulation in the history of the country. US to go bankrupt? Debt Increasing by Rs 531948578490 daily, burden per citizen…
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