Insolvency Guardian Media Centre
Small business restructuring booms amid economic strain Adelaide Advertiser
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New Delhi, Feb 9 (PTI) In a rare move, NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with “fraudulent and mala fide intentions” and a collusive petition was filed by the financial creditor.
NCLT said “there is a nexus and connection” between its financial creditor Experts Realty Professionals whose plea for insolvency was initiated against Logix Infrastructure. The corporate tribunal said the entire transaction was “orchestrated” and forum was used “with purported malicious intent”.
The insolvency petition filed “with an ulterior motive” against Logix Infrastructure and its financial creditor has used this forum for…
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(PDF) Preliminary Report to the UK Insolvency Service into Outcomes in Company Voluntary Arrangements ResearchGate
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Subordination without borders? German court refers matter to the ECJ for clarification Taylor Wessing
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Adroit Pharmaceuticals Pvt. Ltd. Through Its Director Sanjay Kukreja Vs. Amit Poddar Resolution Professional & Ors., Company Appeal (AT) (Insolvency) No. 1274 of 2024
Super Floorings Pvt. Ltd. Vs. Napin Impex Ltd., Company Appeal (AT) (Insolvency) No. 1928 of 2024 & I.A. No.7115 of 2024
Mr. Tajinder Singh Bhathal vs. MRF Limited & Ors., Company Appeal (AT) (CH) No. 94/2023 (IA No.1191/2023)
MOHAMMED ENTERPRISES (TANZANIA) LTD. VERSUS FAROOQ ALI KHAN & ORS., CIVIL APPEAL NO. 48/2025 (and connected cases), 2025 LiveLaw (SC) 19
CSA Corporation Pvt. Ltd Versus Mr. Rajiv Bhatnagar, Company Appeal (AT) (Insolvency) No. 1497 of 2024
Amit Dineshchandra Patel, Vrindavan Versus State Bank of India and Anr., Company…
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Pakistan has approached China with a request to reschedule its USD 3.4 billion debt over two years, aiming to cover a foreign funding shortfall highlighted by the International Monetary Fund (IMF). The request marks Islamabad’s second appeal for aid from Beijing in just five months.
The formal plea was delivered by Deputy Prime Minister Ishaq Dar during a visit to Beijing, according to The Express Tribune, citing governmental insiders. This appeal includes a proposal for the rearrangement of loans maturing from October 2024 to September 2027, offered by China’s Export-Import Bank (Exim Bank).
The move is part of a larger effort to bridge an external financing gap of USD 5 billion, stretching through a three-year program period,…
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The African Development Bank (AfDB) has inaugurated the Debt Management Forum for Africa (DeMFA), a strategic platform aimed at addressing Africa’s escalating debt challenges. The forum was launched during a two-day event held on December 16-17, 2024, in Abuja, Nigeria, under the theme “Making Debt Work for Africa: Policies, Practices, and Options.”
The event convened key stakeholders including representatives from African Ministries of Finance, Central Banks, debt management offices, academics, and financial experts. The discussions focused on the continent’s rising debt levels, increasing borrowing costs, and declining credit ratings, and sought to identify policies and strategies to enhance debt sustainability and…
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| COVID-19 did not create the so-called retail apocalypse. More than 9,300 U.S. stores closed in 2019, and over 5,800 did the year before that, according to tracking by Coresight Research. A timeline by business analytics firm CB Insights dates the apocalypse to at least 2015.
But the pandemic has been its most swiftly destructive horseman. Following years that saw major retailers swapping hands in debt-bingeing buyouts while consumers shifted from shopping malls to shopping online, the mass shutdown of 2020 pushed some of America’s most iconic brands to the brink.
The pandemic brought a parade of headline-making Chapter 11 filings, with…
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(PDF) Debt Management Programme or Plan and Financial or Credit Counselling: An Analysis ResearchGate
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NSW builder Clarke Homes, which formerly traded as Hotondo Homes, has been placed in administration following a meeting with creditors held on Wednesday.
Documents reveal the company owes employees wages and superannuation.
Clarke Homes owes in excess of $3.1m to more than 100 creditors.
Jason Porter and Joshua-Lee Robb of SV Partners have been appointed administrators.
“We have been working with the company to obtain all the company’s books and records including information on customer projects,” they said in a statement to clients.
“It is our…
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Special to IFN
RALEIGH — The N.C. Department of Health and Human Services has received approval from the Centers of Medicare and Medicaid Services to continue the Healthcare Access and Stabilization Program (HASP) that makes hospital incentives for the state’s medical debt relief initiative possible.
The first two years were approved in July 2024. This new approval supports the state’s work to relieve more than $4 billion and a decade’s worth of medical debt for nearly 2 million low- and middle-income North Carolinians and prevent accumulation of new debt going forward.
“Carrying medical debt for too many people is like carrying a financial anvil. North Carolina’s medical debt relief initiative is…
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A decade strong: Apptrade marks 10 years of providing liquidation services, auctioneering, and surplus trading BusinessWorld Online