Through Notification No. IBBI/2024-25/GN/REG122, dated 03.02.2025, the Insolvency and Bankruptcy Board of India ( IBBI ) has proposed changes to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.  The purpose of these modifications is to improve the corporate insolvency resolution process’s (CIRP) efficiency and transparency, especially with regard to real estate developments.

A number of provisions have been altered by the 2016 Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations.

 The addition of Regulation 4E gives the…

We have a good education system.

But it can be a lot better and a lot fairer.

This bill is an important part of achieving that goal. 

It is the first stage of the implementation of the Universities Accord.

It will wipe out about $3 billion of HELP debt for more than 3 million Australians.

It will introduce, for the first time, a Commonwealth Prac Payment. That is, Commonwealth Government financial support for teaching students, for nursing students, for midwifery students and for social work students, to help support them while they do the practical part of their degree.

And it massively expands Fee-Free University Ready Courses – the courses that act as a bridge between school and university, and help ensure that more Australians get…

The U.S. Appeals Court ruled information against the SAVE plan initiated by former President Joe Biden. After this, students are going to face a financial burden that will impact their savings and living conditions. The US Appeals Court Block Biden-ERA SAVE Plan which will increase financial pressure on borrowers. They will not get compensation or debt relief which may affect their lifestyle and affect overall living conditions.

Any student who was planning to get Student Loan Amount using SAVE Plan then they are going to face major problem. They will not get the Student Loan Debt Relief Plan to reduce their debt amount taken as student loan. So, collect full information which will guide you to understand this problem and will…

By Davide Barbuscia

NEW YORK (Reuters) – A potential slowdown of the Federal Reserve’s balance sheet drawdown and Treasury Secretary Scott Bessent’s assurance against imminent long-term debt hikes could offer relief in the near term to bond market jitters as fiscal concerns linger.

Fed minutes from the January 28-29 rate-setting meeting released this week showed officials weighed a possible pause or slowdown of the Fed’s balance sheet reduction, known as quantitative tightening (QT), as a binding government debt cap could complicate the central bank’s ability to gauge market liquidity. Meanwhile, Bessent said in an interview with Bloomberg Television on Thursday that, for now, expanding long-dated government debt issuance is not on…

The Supreme Court hearing, led by Justice Hamdi, confirmed the verdict by the Semarang Commercial Court on Monday, October 21, 2024, which had declared Sritex bankrupt.

The court deemed Sritex failed to fulfill its debt obligations to PT Indo Bharat Rayon (IBR), one of its creditors, as stipulated in the homologation agreement on Tuesday, January 25, 2022.

The decision also implicated three subsidiaries of Sritex − PT Sinar Pantja Djaja, PT Bitratex Industries, and PT Primayudha Mandirijaya − as respondents in the case. Before its bankruptcy declaration, Sritex had already laid off 2,500 workers due to difficulties in securing raw…

Canoo, once a promising startup with a unique electric vehicle and orders from the likes of the U.S. Postal Service and the Department of Defense, has filed for bankruptcy and ceased all operations.

The company announced it filed for Chapter 7 bankruptcy on Jan. 17 in a court in Delaware. This will result in a court-appointed trustee overseeing the sale of any remaining assets to pay off creditors.

Canoo unveiled its first vehicle, the LDV van, five years ago and went public a year later, raising an estimated $600 million in the process. However, despite receiving orders for thousands of vehicles, a high cash burn rate left the company struggling to fill those orders.

In a statement, the company said…