MINNEAPOLIS (FOX 9) – The Minnesota Attorney General is announcing new legislation aimed at reducing the burden of medial debt.

A livestream of the news conference can be viewed above. 

Sandwich stalwart Pret A Manger has…

Sandra Kunda

The Zambia Conference of Catholic Bishops (ZCCB), through Caritas Zambia, has called for support from the stakeholders in the debt cancellation campaign which was launched on 31st January 2025 by the Zambian Catholic Bishops.

The ZCCB Caritas Executive Director Fr. Gabriel Mapulanga says that to kick-start the campaign, they look forward to working with civil society organizations, the government, opposition politicians, church mother bodies, other religious organizations that are not Christian, the media, and the lenders themselves.

Fr. Mapulanga says the Church intends to undertake several activities, such as conferences for stakeholders, marches, public awareness campaigns, and the distribution of placards to…

The National Company Law Tribunal (NCLT), has admitted insolvency claim against M/s Hellios Tubealloys Pvt,  a mumbai based firm, who had availed financial assistance from Bank of Baroda (BOB), securing a term loan of Rs 3.66 crore and additional credit facilities amounting to Rs 30.05 crore.

Hellios Tubealloys Pvt. Ltd. was engaged in the manufacturing and export of stainless steel and alloy steel pipes. The company had availed financial assistance from Bank of Baroda (BOB), securing a term loan of Rs 3.66 crore and additional credit facilities amounting to Rs 30.05 crore. However, due to adverse market conditions and operational difficulties, the company failed to regularize…

It’s already the middle of February, and if you’ve been following the KTM insolvency saga, then the name of this month may just ring a bell for you. Why? Because February 25th is the deadline for any KTM restructuring plan to officially be approved by its creditors. 

Preliminary hearings have so far allowed KTM to continue operation under self-administration, per AKV Europa, the Alpine Creditors’ Association, which is administering the proceedings. According to the most recent tally of claims from creditors, a total of 3,534 claims against KTM were filed, with over 2,000 from employees and nearly 1,200 from creditors.

According to AKV, EUR 1,665,985,681.24…

Insolvency board IBBI issued a discussion paper to provide clarity on various operational aspects including those related to coordinated resolution of interconnected entities and streamlining of submission of resolution plans. The paper proposes several amendments to address operational challenges in the resolution framework.

The IBBI has invited public comments on the discussion paper till February 25 through its website. In the discussion paper, the Insolvency Bankruptcy Board of India (IBBI) said, one of the major proposals is to strengthen the Committee of Creditors (CoC) decision-making process by mandating regular review of operational expenses, particularly leased properties.

This resolution would be…

The recent Supreme Court ruling in Independent Sugar Corporation Ltd. (INSCO) v. Girish Sriram Juneja & Ors. has been hailed as a landmark judgment, fundamentally reshaping how insolvency and competition laws intersect in India. The verdict underscores the judiciary’s commitment to statutory compliance, reinforcing the principle that regulatory approvals must precede the approval of resolution plans under the Insolvency and Bankruptcy Code (IBC) and certain sections of the Competition Act, 2002. This decision sets a critical precedent that will guide future insolvency resolutions and protect market fairness.

Background and Legal Dispute

The case revolved around the insolvency resolution of Hindustan National Glass & Industries Ltd….