Insolvency Guardian Media Centre
Adilabad:The state government has sanctioned ex gratia and pending arrears to 20 families of farmers who committed suicide due to crop loss and mounting debts in the erstwhile Adilabad district. This long-awaited relief comes as part of a broader order (GO No. 15) issued on the High Court’s direction, benefitting 141 families across the state.
The sanctioned amount of Rs 6 lakh per family is expected to help these bereaved families repay debts owed to moneylenders and focus on their children’s education. Among the beneficiaries, 18 families are from Adilabad district, with one each from Asifabad and Mancherial districts.
A majority — 85 per cent — of the farmers who took their own lives were tenant farmers who lacked land…
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JIND: On the occasion of the 76th Republic Day, tractor and vehicle marches were held at different locations in Haryana. In Jind district, farmers started their march from Narwana road bridge in Jind city via Patiala Chowk, Rani Talab, and culminated at the New Bus Stand. In the procession farmers, laborers, employees, and retirees participated to press for their demands. The march was joined by members of the Kisan Sabha, CITU, Sarv Karmchari Sangh, Bharatiya Kisan Union Ghasi Ram, Retired Employees Association, DYFI, and other organizations.
Kisan Sabha’s state vice-president Phool Singh Sheokand, stated that the country’s resources are being sold off at dirt-cheap prices to benefit the capitalists. Due to the policies of the…
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German energy retailer Otima declares itself insolvent as energy crisis bites Reuters.com
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Former Singapore oil tycoon OK Lim and children declared bankrupt over Hin Leong debts MSN
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Big Shed Brewing placed into voluntary administration MSN
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Press Releases
Legislation Would Put Workers, Retirees Ahead of Executives During Bankruptcy
Press Contact: Kara Deniz Phone: (202) 497-6610 Email: [email protected]
(WASHINGTON) – The Teamsters Union commends Sen. Dick Durbin (D-Ill.) and Sen. Josh Hawley (R-Mo.) for introducing the Protecting Employees and Retirees in Business Bankruptcies Act in the U.S. Senate, which would correct abuses of the corporate bankruptcy process that rob employees and retirees of their hard-earned wages, benefits, and retirement savings.
“Corporate bankruptcy law in the U.S. is a joke,” said Teamsters General President Sean M….
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National Company Law Appellate Tribunal Dismisses Insolvency Proceedings Plea Against HUL NDTV Profit
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MLT Aikins lawyers Dana Nowak and Paul OIfert will be featured panellists at the Annual Review of Insolvency Law (ARIL) February 7 in Montreal.
Discussions will focus on two topics: environmental regulatory cleanup obligations when a company is insolvent, and what Canadian companies need to know about the limitations period in insolvency proceedings.
Panel: “Calming Troubled Waters” – Dana Nowak
Dana Nowak, a litigator and partner with MLT Aikins Calgary, will present a paper titled Calming Troubled Waters, co-authored by Carly Toronchuk, an associate from the Edmonton office.
“We’re exploring the change in regulatory engagement in formal insolvency proceedings following the Supreme Court of Canada’s…
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MORE than 40 per cent of adults in Britain expect their financial situation to worsen this year — and energy bills will be the cause.
The StepChange Debt Charity, which helps people manage their debts, said that of the 41 per cent who expected to be worse off, 59 per cent blamed higher energy bills.
Since the energy crisis began in 2021, 20 energy companies in Britain made a staggering £457 billion in profits by August last year, according to the End Fuel Poverty Coalition.
A survey by StepChange found that 17 per cent of adults said they always worried about money and 59 per cent said they often or sometimes worried about money.
Women in particular said they were worrying more about money now than a year ago — 58 per cent…
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Airwork faces risk of liquidation BusinessDesk
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SDAI Limited Provides Update on Subsidiary Liquidation with No New Developments TipRanks
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The Office of the New York State Attorney General (OAG) protects consumers from illegal debt collection, deceptive credit and debt counseling, identity theft, and mortgage and loan fraud. We investigate businesses that may be operating illegally. If a business is violating the law, we pursue satisfactory outcomes, such as restitution or changes in business practices under governing laws, rules, and regulations.
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