Using big data to monitor and forecast corporate insolvency – Notebook – Big Data: Practical use cases Asia Insurance Review Read the original article here
CCI approves Jindal Power’s acquisition of Jaiprakash Associates under insolvency proceedings MSN Read the original article here
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“Notably, 90+ day delinquencies have now fallen for the fourth consecutive month, and mortgage inquiries rose 10.6%, largely driven by increased refinancing activity,” she said. However, company insolvencies remained high and accounted for nearly 70% of all liquidation applications, compared with between 30% and 40% during the Covid years. She said the increase reflected the…
Company liquidation numbers remain high as tax debt collection has intensified following a more lenient approach taken during the Covid years. Photo: RNZ/Nick Monro Credit trends are improving, though the number of company liquidations remain high as tax debt collection has intensified following a more lenient approach taken during the Covid years. Credit reporting service…
Introduction The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following…
29 September 2025 IRS rules that REIT may make liquidating consent dividend The IRS ruled that a real estate investment trust (REIT) with debt in excess of its inside asset basis may make a consent dividend under IRC Section 565 in the year of its liquidation, and should include the consent dividend in calculating its…
India’s anti-trust regulator, Competition Commission of India (CCI), on Tuesday (September 30) granted in-principle approval to Naveen Jindal-led Jindal Power Ltd to acquire debt-laden Jaiprakash Associates Ltd (JAL), subject to winning the ongoing insolvency bid. The move comes as part of CCI’s clearance for resolution plan submissions under the Insolvency and Bankruptcy Code (IBC). “Commission…
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A liquidator has been appointed to four companies controlled by Paddy McKillen Jr after a creditors’ meeting last Friday. Accountant Cormac Mohan was approved as liquidator of the four non-trading companies called Ingaro Ltd, a former Oakmount management company; Beautiful Oak Ltd, another small management company; Tomose Ltd, the former Union Café operating…