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Six non-bank financial institutions (NBFIs) out of 35 are set to be liquidated finally due to poor financial health, after the Bangladesh Bank (BB) board approved the move today. The six NBFIs are FAS Finance, Premier Leasing, Fareast Finance, Aviva Finance, People’s Leasing, and International Leasing. Initially, the regulator had planned to liquidate nine NBFIs.…
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The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute resolution and laying the foundation of a more resilient and robust economy, Financial Services Secretary M Nagaraju said on Wednesday. “Despite these achievements, several challenges still remain, which include timelines…
The legislative push comes as official data and independent analysis reveal a critical gap between the Insolvency and Bankruptcy Code’s (IBC) intended efficiency and its on-ground performance. While the framework has successfully driven down gross non-performing assets (NPAs) for scheduled commercial banks to a multi-year low of 2.05% as of September 2025, the process…
TOFS has gone into administration with Interpath, being appointed administrator of the Burnley-based discount retailer as of today. 1200 jobs thought to be at risk. Update 19th January 2026 TOFS has filed a second intention to appoint administrators. This is its last chance to find a buyer for the business. The moratorium lasts 10…
IBC has been a game-changer, transformed the insolvency landscape: DFS secretary MSN Read the original article here
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The corporate entity formerly known as Diginex, which last operated under the EQONEX brand, remains entangled in a multifaceted liquidation process. With its core operational business effectively dissolved, there is no traditional enterprise left to value. For remaining shareholders and creditors, the focus has narrowed exclusively to the specifics of the court-supervised administration and the…
A popular Bury St Edmunds restaurant remains open despite the company that owns it entering voluntary liquidation. Anjuna Restaurants Limited closed its Blue Fig restaurant at Market Hill, Woodbridge, at the end of last year, six months after it opened. The company also owns Blue Fig in Abbeygate Street, Bury, which opened in 2024, serving…