The Official Debt Relief Partner of NASCAR^® will have colors featured at the 2025 DAYTONA 500

NEW YORK, Jan. 30, 2025 /PRNewswire/ — National Debt Relief, the industry leader in debt settlement known for its unique approach to debt relief, announces today its first team and driver partnership with Joe Gibbs Racing and Denny Hamlin as the 2025 NASCAR season kicks off. National Debt Relief will be the primary sponsor of Hamlin’s No. 11 Toyota Camry XSE for four NASCAR Cup Series races this season, including the 67^th running of the DAYTONA 500 on Sunday, February 16, 2025.

Denny Hamlin will have National Debt Relief sponsorship in four NASCAR Cup Series races in 2025, Joe Gibbs Racing announced Jan. 30.

The No. 11 will first feature National Debt Relief backing in the season-opening Daytona 500.

The company then returns at Circuit of the Americas, the Coca-Cola 600 at Charlotte Motor Speedway and at Talladega Superspeedway in October.

“National Debt Relief is going to be a great asset to our team,” Hamlin said in a team release. “Growing up, my parents did everything possible to further my racing career, and that was obviously not easy financially. So I understand the reality that so many people are facing and the uncertainty that financial hardship can bring. I’m excited about…

Mumbai: The Reserve Bank of India (RBI) on Thursday announced that it has filed an application for the initiation of a corporate insolvency resolution process (CIRP) against Aviom Housing Finance Pvt Ltd under the Insolvency and Bankruptcy Code (IBC) at the New Delhi Bench of the National Company Law Tribunal (NCLT).

In a separate statement, the RBI also announced the formation of a three-member advisory committee to assist the company’s administrator, Ram Kumar, ex-Chief General Manager of Punjab National Bank. The committee comprises Paritosh Tripathi, ex-Chief General Manager of State Bank of India, Rajneesh Sharma, ex-Chief General Manager of Bank of Baroda, and Sanjaya Gupta, ex-Managing Director and CEO of PNB…

Within days of superseding the board and appointing an administrator, the Reserve Bank of India has filed an insolvency petition against the troubled housing finance firm Aviom India Housing Finance at the New Delhi bench of the National Company Law Tribunal (NCLT). The apex bank has also appointed a three-member panel of experts to advice the administrator of the firm.

The RBI had on Monday superseded the management and board of the Delhi Aerocity-based Aviom, and appointed Ram Kumar, an ex-chief general manager of Punjab National Bank as the administrator. The banking regulator cited serious governance lapses and many payment defaults on the sided of the housing finance company.

In two separate actions on Thursday, the RBI field an…

The National Company Law Appellate Tribunal (NCLAT) has set aside the penalty imposed against lenders of debt-ridden Mudra Denim, saying there was no laxity on their part for delay in insolvency process. The Mumbai bench of the National Company Law Tribunal had, on November 11 last year, while deciding creditors’ plea seeking extension of deadline to complete the insolvency process, imposed a cost of Rs 55,000 on the Committee of Creditors (COC).

This was challenged before NCLAT by COC through IDBI Bank, contending that there was not any laxity on the part of COC which decided to take Mudra Denim for liquidation on December 13, 2023, prior to the…

The Reserve Bank on Thursday said it has filed an application with the National Company Law Tribunal, New Delhi bench, for initiation of corporate insolvency resolution process against Aviom India Housing Finance Private Limited. On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting various payment obligations.

The Reserve Bank has appointed Ram Kumar, ex-CGM of Punjab National Bank, as the Administrator of the New Delhi-based company.

In a statement on Thursday, the central bank said an application for initiation of Corporate Insolvency Resolution Process (CIRP) against Aviom India Housing Finance Private Limited filed under the Insolvency and Bankruptcy Code,…

Denny Hamlin and the No. 11 Joe Gibbs Racing team will have a new primary sponsorship partner plastered on the team’s Toyota Camry XSE in this year’s Daytona 500, which is set for Sunday, February 16. National Debt Relief will sponsor Hamlin in The Great American Race, as well as three other events during the 2025 NASCAR Cup Series season.

National Debt Relief will also serve as Hamlin’s primary sponsor in the NASCAR Cup Series events at Circuit of the Americas (March 2), Charlotte Motor Speedway (May 25), and Talladega Superspeedway (October 19).

Hamlin, who leaned on his family on his path through the racing ladder, says he relates to the services provided by National Debt Relief.

“National Debt Relief is going to be a great asset to…

New Delhi, Jan 30 (PTI) IBBI chief Ravi Mital on Thursday said companies in India have not learnt how to use the insolvency law and pitched for efforts to ensure that more companies opt for the voluntary resolution process to increase productivity.

The Insolvency and Bankruptcy Code (IBC), which provides for a market-linked and time-bound resolution of stressed assets, came into force in 2016.

So far, most of the insolvency resolution processes have been initiated by creditors while in comparison voluntary…

An insolvency litigation funding service launched by Liverpool law firm Provenio Litigation a year ago is now backing claims worth more than £10m. Tony McDonough reports

 

Liverpool law firm Provenio Litigation launched its insolvency litigation and financing optimise a year ago and the venture already has an “exceptionally strong” pipeline.

LBN revealed in early 2024 that Provenio had created Optimise to support the work of insolvency practitioners to make the best possible recoveries for the creditor estates.

The liquidator or administrator receives an upfront payment and an agreed percentage of the final recovery on the claim. Now Provenio has revealed Optimise is…