Calling for HELP: Lazy government accounting is costing students thousands The Examiner
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The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted the corporate insolvency resolution process (CIRP) plea filed by the Reserve Bank of India (RBI) against Aviom India Housing Finance Private Limited. The decision, delivered on February 20, 2025, marks a significant move under Section 227 of the Insolvency and Bankruptcy Code (IBC), 2016, governing the insolvency resolution of financial service providers.
RBI Moves Against Aviom
The RBI, acting as the appropriate regulator, had filed the insolvency application citing governance concerns and defaults in payment obligations by Aviom India Housing Finance. The financial service provider, classified as a non-banking financial company (NBFC) with assets…
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The government’s lazy accounting is costing students thousands of dollars over the lifetime of their HELP debt. There’s an easy fix, but the major parties just don’t want to do it. It means people are being punished for doing the right thing.
Think about a home loan. Interest is based on what you owe the bank. So when you make payments, you owe less and your interest goes down. But what if the bank held onto your repayments for a whole year before taking them off the mortgage? And they’re still charging you interest the whole time.
If banks did that, you’d think it was a ripoff. So why do it to people with student debt?
When graduates make HELP debt repayments, these payments aren’t counted before interest is applied. Your debt keeps…
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Calling for HELP: Lazy government accounting is costing students thousands Bay Post-Moruya Examiner
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Calling for HELP: Lazy government accounting is costing students thousands Braidwood Times
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Swedish real estate company SBB reported a reduced pretax loss for the fourth quarter of 2024, marking a significant improvement from the previous year. The company, which specializes in owning properties such as hospitals and care homes across Sweden, announced an October-December loss before tax of 613 million Swedish crowns (USD 57.27 million). This figure represents a substantial reduction compared to the 3.37 billion crown loss recorded in the same period of 2023.
SBB has been actively working to stabilize its financial position amid a challenging economic environment that has impacted many European real estate firms. In recent years, rising interest rates forced several property groups, including SBB, to restructure operations and…
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Bad news for anyone with HECS debt The Australian
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Troutman Pepper Partner Evelyn Meltzer to Serve as Chair of the International Women’s Insolvency & Restructuring Confederation Troutman Pepper
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Ukrainian President Volodymyr Zelensky has said that he is not ready to fix the amount of support from the United States at $100 billion, as this sum includes grants provided to Ukraine. He also emphasized that grants are not a debt.
Zelensky stated this during the “Ukraine. Year 2025” forum in Kyiv on Sunday, according to Ukrinform.
“Let’s first clarify the $500 billion figure. I know that we had $100 billion [in U.S. aid provided to Ukraine], and that’s a fact. But I’m not going to acknowledge $500 billion, regardless of what anyone says, with all due respect to our partners. I stand by this because it’s a true situation. Honestly, I’m not ready to fix even $100 billion. Let me explain why. We should not…
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Haydale places “loss-making” US arm into corporate insolvency process Insider Media
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Independent Sugar Corporation (INSCO), of the Uganda-based Madhvani Group said it has received a favourable order from the Supreme Court of India, clearing its path to acquire Hindusthan National Glass & Industries (HNG) through the Insolvency & Bankruptcy Code (IBC) process.
The Supreme Court ruling has resolved a long-standing corporate dispute, allowing INSCO to establish presence in India’s container glass industry.
Confirming the development Mayur Madhvani, Joint Managing Director, Madhvani Group of Companies said, “With the Supreme Court’s ruling now settled, we are now set to begin operations in India, focusing on revamping HNG’s manufacturing plants, enhancing efficiency, and ensuring long-term sustainability.”
“The…
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This week, Melbourne’s Burnley Brewing has announced that it has entered into liquidation, marking a continuation of a now well-established trend that has seen more than 20 breweries enter into either voluntary administration or liquidation over the past year alone.
According to an update published to ASIC, “notice is given that at a general meeting of the members of the Company held on 09 September 2024, it was resolved that the Company be wound up and that Con Kokkinos be appointed liquidator(s).”
Shortly prior to this on 3 September and 5 August respectively, Prancing Pony Brewery Apollo Bay Brewery both revealed that they had appointed restructuring practitioners to improve the economic viabilities of the…
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