You don’t have permission to access “http://www.business-standard.com/companies/news/nclat-sets-aside-penalty-on-lenders-for-delay-in-mudra-denim-insolvency-125012600615_1.html” on this server.

Reference #18.15b42e17.1737899569.82d7149f

https://errors.edgesuite.net/18.15b42e17.1737899569.82d7149f

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

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…

Previously, we shared the latest statistics from the Malaysia Department of Insolvency (MdI), which revealed that a whopping 31,387 individuals in our country have been declared bankrupt since 2020, a majority of which (49.11%) were due to personal loans.

Now, MdI director-general Datuk M Bakri Abd Majid revealed that among those who are insolvent are around 50 Malaysian celebrities, including a famous singer with a ‘Datuk’ title. 

Around 50 Malaysian celebrities have been declared bankrupt, including a Datuk

M Bakri Abd Majid

Bakri was quoted by Berita Harian as saying that some of these bankrupt ‘rich celebrities’ are refusing to cooperate with his department in paying the monthly amount set by the department for their…

Energy markets are highly regulated, so as an energy supplier we get charged certain costs for every single customer we have; even if they don’t use any energy. These costs are passed on to customers via standing charges.

Costs have increased to cover expanding environmental and social schemes like Warm Home Discount – which will be available to more people this year, so costing more overall – and the ECO scheme. Plus, other things, like the administrative cost of taking over the customers of suppliers who’ve gone out of business, and some distribution costs moving from unit price to standing charge.

Recent regulatory changes – Ofgem’s Targeted Charging Review – have increased those costs even more: which we opposed.

Our CEO…

Audrey and Eddie Buckham worked hard and saved all their lives.

They were still both working in 2020, Audrey as an administrator for the NHS and Eddie as a dispatch driver, when Eddie started to lose weight.

He underwent medical investigation and for months doctors couldn’t establish what was wrong. Then, in October 2020, Eddie was diagnosed with pancreatic cancer and he began 12 gruelling rounds of chemotherapy.

It was a physically and emotionally exhausting time for the 64-year-old grandmother from County Durham, who reduced her work to three days a week to care for Eddie.

‘It was aggressive chemo and he was going every two weeks for six months. He felt terrible, he was tired and had no appetite, but he was a fighter,’ she remembers…

{{ registerForm.errors.get(‘form’) }}

German air taxi manufacturer Volocopter on Monday said it had filed for bankruptcy at the Karlsruhe District Court, days after one of its close competitors was saved from collapse.

However, the company said it was still seeking investors and planned to press ahead with its plan to enter the commercial air taxi market.

Why is Volocopter in trouble?

Volocopter, based near Stuttgart, still needs type certification from the European Union Aviation Safety Agency (EASA) for the market launch of its two-seater Volocity product line.

Although it has applied for insolvency proceedings, the company said it was proceeding on the assumption that an investor would be found in the new year.

In the meantime, it said the bankruptcy petition was…

The National Company Law Appellate Tribunal ( NCLAT ) bench in New Delhi has ruled that, even in cases where the National Company Law Tribunal ( NCLT ) has not yet started or is in the process of liquidating a corporate debtor, an application under section 95 of the Insolvency and Bankruptcy Code (Code) against the personal guarantor may be maintained before the NCLT under section 60(1) of the code.

The appellant, Anita Goyal, appealed a decision made by the adjudicating body that granted an application under section 95 and…