According to the survey, the NCLT reported adjudicating 34,690 cases out of 35,501 cases filed, achieving a 98% adjudication rate as of July 2024. However, 2,593 cases are still awaiting admission, and 4,723 cases remain pending after admission. As of September 2024, 30 courts and 16 benches (of NCLT) were functioning headed by the President, and 31 each of judicial and technical members, the survey noted. 

Addressing the reason for the delay, the survey said

“Reasons for delay in admission occur as the AA (NCLT) tries to establish the existence of debt and default, as promoters file objections. Including evidentiary proof in the form of contracts, GST filings, etc., is all provided for, but all of this can be contested.”

To…

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A pair of closed Nottinghamshire restaurants, which are being liquidated, owe hundreds of thousands of pounds to various creditors. Madam Yaks Ltd, which’s trading address was listed as The Herbalist & Dante’s Italian in Retford, appointed liquidators on Tuesday, January 28.

The eateries, which had both been located on Bridgegate, closed in October but the family who ran the businesses said this was due to “exciting plans for the future” elsewhere. Madam Yaks Ltd, which was listed at the venues, had £0 in assets to provide to creditors when it was placed into liquidation, according to documents submitted by CB Business Recovery to Companies House.

The filed documents estimated a total of £220,235.78 was owed to suppliers, a company…

A high-profile attorney who has argued cases before the Supreme Court was indicted Thursday after federal prosecutors in Maryland accused him of tax evasion and using his law firm’s money to pay millions of dollars in high-stakes poker debt.

Thomas Goldstein, 54, the publisher of SCOTUSblog, has been charged with several tax-related crimes, along with making false statements on loan applications, according to an federal indictment obtained by HuffPost.

From 2016 until March 2023, Goldstein was the sole owner of his law firm, Goldstein & Russell, and rose to prominence over the years, arguing more than 40 cases in the Supreme Court. In 2002, Goldberg and his wife founded SCOTUSblog, a popular news outlet covering the Supreme Court.

ASHEVILLE, N.C. (WLOS) — $10 million worth of debt forgiveness is coming to thousands of Western North Carolina residents who are still reeling from the destruction that Hurricane Helene left behind.

Verizon has partnered with the public benefit corporation “ForgiveCo” to forgive debt to 6,500 residents who were impacted.

Also collaborating is renowned North Carolina Tar Heels basketball coach and Asheville native Roy Williams. He has signed on to directly call Helene-impacted families to share the news of their debt being relieved.

Leighanne Lanier, Verizon Consumer Group market president, said that this is about Verizon being a good corporate neighbor.

POLL: DO YOU THINK THERE’S A BETTER WAY TO DEAL WITH THE FINANCIAL SHORTFALLS FROM…

Governor Phil Murphy has announced a third round of medical debt elimination, benefiting over 20,000 residents with a total of $26 million in debt relief. This initiative is part of a partnership with the national non-profit, Undue Medical Debt, which has already helped eliminate $246 million in medical debt for 147,000 New Jersey residents.

The latest round of debt relief will erase an average of $1,300 in medical bills per person. The state allocated $270,000 in federal funds from the American Rescue Plan to achieve this goal. According to NorthJersey.com, those eligible for relief are individuals below 400% of the federal poverty line or those with medical debts exceeding 5% of their annual income.

Governor Murphy emphasized the…

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Listed law group RBG Holdings has suspended trading of its shares this week, and indicated that it is nearing a declaration of insolvency.

[Update: it’s now happened, with RBG announcing on Friday that the board “regrettably has resolved to and subsequently has filed today a notice of intention to appoint administrators to the Company”.] 

On Tuesday the company announced to the market that talks with another party to sell all but the Rosenblatt-branded parts of the business had failed.

“It is the Board’s view that it is unlikely to be able to secure the funding that it requires in a timely manner to secure the Company’s future and so is now taking action to protect value in the business for the…