In nine months through December, it took 821 days on average for the courts to approve a resolution plan. That’s 35 per cent longer than in the fiscal year ended March 2023, according to IBBI data. Meanwhile, investors on average recovered about 28 per cent during the financial year ended March 2024, down from 46 per cent in 2018-2019, data from the Reserve Bank of India show.

First steps

If you are behind in repaying a debt you owe, your creditor (the person or organisation you owe money to) can usually charge you a higher rate of interest, as well as seek to recover its legal and enforcement costs in pursuing the debt. There are a number of options available to creditors, depending on the size of the debt. These include appointing a third-party debt collector or taking you to court for the money you owe them and/or for possession of any secured property (for example, your home, if you have given your creditor a mortgage over your house).

If you think you may start struggling to repay your debt, tell your creditor about your situation as soon as possible. Ask them to put a hold on your debt while you see a…

Hundreds of students marched on the University of Cape Town campus last week protesting against financial exclusion. Archive photo: Ashraf Hendricks

Students at the University of Cape Town (UCT) returned to lectures on campus on Monday after several days of protests over student debt. This comes as an agreement between the UCT council and Student Representative Council (SRC) was reached on Thursday, 20 February.

The first week of lectures had been disrupted by hundreds of students blocking entry and marching on campus. This forced some lectures to move online.

SRC members demanded that management give concessions to financially excluded students who were academically eligible to register but unable to settle their outstanding…

Facing overwhelming debt can be a stressful and uncertain experience. A bankruptcy discharge lawyer in New Jersey [https://www.straffilaw.com/bankruptcy-discharge-lawyer/] can help individuals and businesses understand their options and work toward financial recovery. Daniel Straffi, of Straffi & Straffi Attorneys at Law, has dedicated his practice to assisting clients in navigating the bankruptcy process and seeking a fresh start.

As a bankruptcy discharge lawyer in New Jersey, Daniel Straffi provides legal guidance for those seeking relief from debts through bankruptcy. Many individuals struggle with credit card balances, medical bills, and other financial burdens that make it difficult to stay…

Many celebrities are known for taking risks – whether it’s in the roles they take on, the music they produce, or the opportunities they pursue outside their fields. When this is in the realm of their careers, the rewards are often worth the gamble. However, not all risk-takers are as lucky when it comes to placing (literal) bets.

What happens in Vegas

Devyani International, a listed company, runs quick service restaurants (QSRs) such as KFC and Pizza Hut across India. 

The dispute traces back to October 1, 2021, when B9 Beverages Limited approached Devyani International to enhance its business presence and market growth. Following negotiations, the parties entered into several agreements, including:

1. Brand alliance agreement – Aimed at brand enhancement and market growth.

2. Two supply agreements – For the supply of products at various locations, including Ile Bar at Lucknow’s CCS Airport and Indira Gandhi International Airport, New Delhi.

3. Supply agreements with sister concerns – Agreements with Devyani Food Spirit Private Limited (DFSPL) and Devyani Airport Services Mumbai…