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The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has partnered with the Federal High Court to streamline insolvency division processes to boost the administration of business recovery in the country.
President, BRIPAN, Mr Chimezie Ihekweazu, said this in a communique made available to the News Agency of Nigeria (NAN) yesterday in Lagos.
NAN reports that BRIPAN is a professional body involved in business recovery and insolvency, promoting best practices and handling financially troubled individuals and businesses.
Ihekweazu, also Senior Advocate of Nigeria (SAN), said the collaboration would streamline insolvency proceedings and processes.
Insolvency division is a section within a legal or…
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Adani, Vedanta, Patanjali, and 23 other companies are vying to acquire Jaiprakash Associates, which is undergoing insolvency proceedings due to defaulted loans. The company has significant assets in real estate, cement, and hospitality.
Others who showed interest in acquiring Jaiprakash Associates Ltd (JAL), currently under insolvency proceedings initiated to recover defaulted loans, include Ahmedabad-based Torrent Group, Jindal Power, Dalmia Cement, GRM Business, Oberoi Realty and Kotak Alternate Asset Managers Ltd, according to a…
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With 59% of Indians getting less than six hours of uninterrupted sleep, experts explain that the body tracks sleep debt by considering both duration and quality. Many focus on sleep hours, but experts recommend prioritising sleep quality too.
Dr Urvi Maheshwari, an internal medicine expert at a private hospital, says, “Poor sleep due to waking up frequently, tossing, and turning can lead to sleep debt, even if the total sleep duration seems sufficient. It’s essential to get uninterrupted, restful sleep at night.”
She adds, “The best approach is to gradually recover lost sleep by improving sleep habits, sticking to a consistent sleep schedule, and ensuring good sleep quality — rather than trying to sleep for 9 or more hours…
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Jaiprakash Associates issued the provisional list of eligible Prospective Resolution Applicants (PRAs) under Regulalation 36A(10) of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations 2016 (CIRP Regulations) on April 4, 2025.
A total of 26 Prospective Resolution Applicants (PRAs) submitted Expressions of Interest to the Company and have met the preliminary eligibility criteria. These PRAs feature names like Adani Enterprises Limited, Asset Reconstruction Company (India) Limited, Authum Investment & Infrastructure Limited, Dalmia Cement (Bharat) Limited, GMR Business & Consultancy LLP, Jaypee…
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As consumers drown in debt, is it time for India to allow individuals to go bankrupt? MSN
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Raise the bar for self-declared bankruptcy, govt urged MSN
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Development and Peace-Caritas Canada’s Solidarity Sunday is aiming to “Turn Debt into Hope.”
Its Share Lent campaign will culminate April 6 as Catholics from across the country are called to show their charity through the national collection.
This year, Solidarity Sunday will join Caritas Internationalis’ campaign “Turn Debt into Hope,” a call to support and lessen cycles of debt plaguing many throughout the Global South.
Having been the core global dimension of the organization’s Share Lent campaign since 1967, Solidarity Sunday continues to act as the pinnacle fundraising opportunity in driving D&P’s work around the world.
“It has always been this beautiful moment of people coming together as a Church in Canada with all…
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Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023.
Jordan Vonderhaar | Bloomberg | Getty Images
Embattled genetic testing company 23andMe, once valued at $6 billion, filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night.
The company’s CEO, Anne Wojcicki, has resigned from her role as chief executive effective immediately, though she will remain a member of the board. Joseph Selsavage, 23andMe’s chief financial and accounting officer, will serve as interim CEO, according to a filing with the U.S. Securities and Exchange Commission.
“We have had many successes but I equally take accountability for…
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Raise the bar for self-declared bankruptcy, govt urged Free Malaysia Today
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Mired under debt post-Raya: Help citizens in distress, govt urged The Star
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OCEANIA – Debt crisis in the Pacific: Jubilee Year campaign aims to provide relief
Port Moresby (Agenzia Fides) – “Fiji, Papua New Guinea, and Samoa are Pacific countries at risk of experiencing the worst consequences of internal and external debt. The Caritas Internationalis Jubilee campaign, ‘Transform Debt into Hope,’ should convince everyone to be vigilant about what political elites could do to avoid the dire circumstances of debt growth,” writes Father Giorgio Licini, missionary of PIME (Pontifical Institute for Foreign Missions) and Caritas collaborator of the Episcopal Conference of Papua New Guinea and the Solomon Islands, in a letter sent to…