Insolvency Guardian Media Centre
You don’t have permission to access “http://www.business-standard.com/companies/news/nclt-admits-insolvency-proceedings-against-aviom-india-housing-finance-125022100726_1.html” on this server.
Reference #18.d0b42e17.1740138825.47d203f1
https://errors.edgesuite.net/18.d0b42e17.1740138825.47d203f1
Read the original article here
Corporate insolvencies in England and Wales increased by 6.4% in January 2025 to a total of 1,971 compared to December 2024’s total of 1,852, and increased by 10.7% compared to January 2024’s figure of 1,780.
Corporate insolvencies increased by 13.1% from January 2023’s total of 1,743.
Personal insolvencies in England and Wales decreased by 3.4% in January 2025 to a total of 9,706 compared to December 2024’s total of 10,045, and increased by 11.6% compared to January 2024’s figure of 8,698.
Personal insolvencies increased by 12.5% from January 2023’s total of 8,630.
Bethan Evans, South West chair of R3, the UK’s insolvency and restructuring trade body, said: “The monthly and yearly rise in corporate insolvencies is down to an increase in…
Read the original article here
Forever 21 may close remaining stores as second bankruptcy looms MSN
Read the original article here
Business insolvency: reflections and predictions Cumbria Crack
Read the original article here
WA builders, restaurants among the hardest hit as insolvencies surge MSN
Read the original article here
The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against AVIOM India Housing Finance, following the Reserve Bank of India’s intervention due to governance concerns and payment defaults.
On January 27, the Reserve Bank had superseded the board of AVIOM owing to governance concerns and defaults in meeting various payment obligations, and appointed Ram Kumar, ex-CGM of Punjab National Bank, as its Administrator.
The action was taken basis recommendation of the National Housing Bank (NHB).
Later, it filed an application with the…
Read the original article here
If you’re burdened with high-interest credit card payments, medical expenses, or other unsecured debts, a debt settlement company like CreditAssociates may be able to help.
Business Insider’s personal finance team compared CreditAssociates to the best debt relief companies and found it to be a standard offering. CreditAssociates can negotiate with your creditors to reduce the amount you owe and lower your monthly payments. However, you’ll have to pay a fee for each debt settled, and there’s no guarantee of success. Read on to see whether CreditAssociates is a good fit for your circumstances.
Pros and Cons
Pros
- Debt counseling experience: The debt counselors will work with…
Read the original article here
CHARLOTTE, N.C. — Legendary former North Carolina basketball coach Roy Williams helped eliminate $10 million in debt for thousands of Western Carolinians affected by Hurricane Helene last fall.
Williams, with the help of Verizon and ForgiveCo, called several of the beneficiaries this week to give them the good news.
Madeline Fry, a Bryson City resident who lost her house and car, was one of the more than 6,500 who had their debt wiped away and heard the news directly from the hall of famer.
Read the original article here
“If notice under Section 8 is not replied by the Corporate Debtor for some reason or other it does not debar the Corporate Debtor to contest the application filed under Section 9 of the Code by raising its defence”
The National Company Law Appellate Tribunal (“NCLAT”) New Delhi bench has held that the Corporate Debtor cannot be prevented from opposing the application submitted under section 9 of the Insolvency and Bankruptcy Code, 2016 (Code), simply because the Debtor did not respond to the Operational Creditor’s demand notice issued under section 8 of the Code.
The appellant, Spik Enviro Management Pvt. Ltd., filed an application under Section 9 of the Code for Rs. 2,77,68,000 that it claimed was owed and payable by the…
Read the original article here
Asset manager VanEck has stated that a Strategic Bitcoin Reserve could help mitigate the US’ growing debt, which currently stands at $36 trillion.
To explore the potential effects of this idea, the firm has developed an interactive tool inspired by the BITCOIN Act.
How Will a Strategic Bitcoin Reserve Reduce US Debt?
The BITCOIN Act, introduced by Senator Cynthia Lummis, outlines a plan for the US government to acquire up to 1 million Bitcoins (BTC) over five years, purchasing no more than 200,000 BTC per year.
These assets would be held in a dedicated reserve for at least 20 years. Lummis believes such a reserve could substantially reduce the nation’s debt.
Notably, VanEck’s new calculator lets users know…
Read the original article here
RBI retains 3-member advisory committee for AVIOM India Housing Finance insolvency process Upstox
Read the original article here
Retail company voluntary arrangements: A dubious remedy? – Wiejak‐Roy – 2024 – International Insolvency Review Wiley Online Library