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Children First, Scotland’s national children’s charity, has made the plea as January is one of their busiest months.
The charity’s support line offers guidance on budgeting, benefits, debt, and energy bills to assist families in managing their finances.
Sinead Haddow, service manager at Children First, said: “Talking about your finances can be really daunting and we understand it can cause lots of anxiety for families.
“Our friendly support line team will listen to your worries, free of judgement, and start to help you put together a plan to get back to financial health.
“When families speak to us, it may be the first time they have had a good night’s sleep in months.”
The Indian National Company Law Tribunal (NCLT) has issued an order for the liquidation of the grounded ultra low-cost Indian carrier Go First, marking the final chapter in the airline’s financial turmoil.
The decision was made by an NCLT bench comprising Judicial Member Mahendra Khandelwal and Technical Member Dr. Sanjeev Ranjan, who upheld the Committee of Creditors (CoC) application for liquidation.
The liquidator should submit a preliminary report to the tribunal within 75 days from the date of commencement of the liquidation.
The cash-starved airline reported a loss in the range of INR 1,800 crore, including an INR 800 crore notional loss due to accounting standards in the financial year ended March…
NEW DELHI: NCLT on Monday ordered liquidation of GoAir (Go First), following a request from lenders of the bankrupt airline. The Wadia Group airline had stopped flying in May 2023 when it filed a voluntary plea for insolvency. Attempts to revive it under India’s bankruptcy laws did not materialise and lenders had sought to liquidate the company’s assets in last Aug. GoAir owes over Rs 6,521 crore to creditors, including Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank. Allowing the committee of creditors’ application for Go First’s liquidation, A NCLT comprising judicial member Mahendra Khandelwal and technical member Sanjeev Ranjan bench directed that Shailendra Ajmera, the airline’s resolution…
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“Gambling triggered my brain’s reward center, releasing dopamine in the same way substance abuse might,” Whitaker told GOBankingRates. “While in action — whether placing bets, holding chips or watching volatile investments — I felt a heightened sense of excitement and…
Canoo Inc., a U.S.-based advanced mobility and energy company, has voluntarily filed for Chapter 7 bankruptcy, signaling the end of its operations. The filing, made in the U.S. Bankruptcy Court for Delaware, initiates the liquidation of the company’s assets under the supervision of a federally appointed Bankruptcy Trustee. Despite high-profile partnerships and delivering products to major organizations, the company was unable to secure critical financial support, leading to its insolvency.
Key Highlights:
Chapter 7 Bankruptcy Filing: Canoo Inc. has filed for Chapter 7 bankruptcy in Delaware, marking the end of its operations and the start of asset…
New Delhi, Jan 20 (PTI) The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes.
In May 2023, the airline filed for a voluntary insolvency resolution process citing financial woes.
The tribunal, in a 15-page order, said it is ordering the liquidation of the corporate debtor Go Airlines (India) Ltd.
The NCLT said the Committee of Creditors (CoC) in the legislative scheme is empowered to make the decision to liquidate the corporate debtor, any time after its constitution and before confirmation of the resolution plan.
New Delhi, Jan 20 (PTI) The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly two years ago amid financial woes.
In May 2023, the airline filed for a voluntary insolvency resolution process.
The tribunal, in a 15-page order, said it is ordering the liquidation of the corporate debtor Go Airlines (India) Ltd.
On Monday, the NCLT said the Committee of Creditors (CoC) in the legislative scheme is empowered to take the decision to liquidate the corporate debtor, at any time after its constitution and before confirmation of the resolution plan.
“It is well settled that the decision taken by the CoC for liquidation…
The bankruptcy court in Delhi on Monday admitted Go Airlines (India) Ltd, which runs Go First airline, into liquidation after the lenders failed to receive a viable revival plan for the company. The company has admitted liabilities of about ₹8,575 crore.The NCLT division bench of judicial member Mahendra Khandelwal and technical member Sanjeev Ranjan, allowed the application filed by the company’s lenders through resolution professional (RP) to initiate a liquidation process.
“The applicant (RP) submits that the resolution plans received were neither compliant with the mandatory requirements of the IBC (Insolvency and Bankruptcy Code) nor commercially acceptable to the CoC (committee of creditors), therefore, in view of the unviability…
