Jay Leno has dismissed rumors suggesting he has gambling debts and is “being beaten up by the mob.”

The speculation arose after the former Tonight Show host was spotted wearing an eye patch, with a black eye, a bruised face, and a bandaged wrist following an incident.

Leno explained that he sustained the injuries after slipping while walking down a hill toward a restaurant near his hotel.

This isn’t the first time the comedian has faced injuries in recent years. In 2022, he suffered third-degree burns during a garage fire while working on the undercarriage of a 1907 White Motor Co. steam car alongside his long-time friend, Dave Killackey.

A few months later, Leno endured yet another accident, breaking…

New Delhi: As many as 28,818 applications for initiation of the Corporate Insolvency Resolution Process (CIRP), having an underlying default of Rs. 10.22 lakh crore, were resolved before their admission till March 2024 due to the behavioural change in debtor-creditor relationship effectuated by the Insolvency and Bankruptcy Code (IBC), according to the Ministry of Corporate Affairs’ year-end review

Till September 2024, 1,068 CIRPs have culminated in resolution plans, achieving on average 86.13 per cent of the fair value of the Corporate Debtor (CD). Creditors have realised Rs. 3.55 lakh crore under the said resolution plans.

By June 2024, the IBC successfully navigated 3,409 CDs through the insolvency process, with 1,068 achieving…

Exclusive: Zig Zag, the 25-year-old UK producer behind shows including Fox’s I Wanna Marry Harry, is shutting its production arm after being hit by the unscripted commissioning drought.

Zig Zag is putting Zig Zag Productions Limited into insolvency as part of a financial restructuring that has resulted in six employees being made redundant.

The company, founded in 1999 by Danny Fenton, has appointed an administrator following a meeting with creditors on Wednesday. The insolvency company will be announced shortly.

Deadline understands that Zig Zag had three shows greenlit last year, worth as much as £4.5M ($5.6M), but the series were delayed indefinitely amid uncertain market conditions.

Zig Zag’s other companies, including Zig Zag…

Joe Biden has pushed during his presidency to cancel student debt for tens of millions of Americans. Now Donald Trump, who has branded such efforts “vile”, is preparing to succeed him – leaving borrowers at risk of losing relief they received, or had been waiting for.

Mary Ann Rockwell, 72, is a librarian in upstate New York. She has grappled with her student loans for years, as interest ballooned while she often struggled to afford to make payments.

“I’m entitled to be forgiven,” she said, having completed thepaperwork for loan forgiveness through the Public Service Loan Forgiveness program. But she is still in “limbo”, waiting for it to happen.

“It’s taking so long to happen that I’m afraid, when Trump gets in,…

1. Introduction

Key points for asset-based lenders

We explore the implications for the Act in the context of asset-based lending below. Key points to note are:

• The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium is a rescue process intended to give the company a breathing space to allow time to implement a rescue plan. It is not an insolvency process. Importantly, the directors of an eligible company can file the necessary documents required to put the company into a moratorium without giving notice to the holder of a qualifying floating charge. This is a major change, when compared with…

The Supreme Court has held that any delay in arriving at the conclusion that the company is to be liquidated is detrimental to a Company, especially when the Company has long awaited timely and positive action from the successful resolution applicant as regards the implementation of the approved resolution plan.

The court added that liquidation should be the last resort and that delay in arriving at this decision does not have the effect of hampering the realizations that can be made through liquidation. “This judgment serves as a clarion call for all stakeholders in the insolvency ecosystem to align their actions with the IBC’s goals, fostering…

Lim Oon Kuin, the founder of Singapore-based oil trading company Hin Leong Trading Pte., has been officially declared bankrupt. Known as “OK Lim,” the 82-year-old once helmed a successful oil trading empire that collapsed in 2020 during the Covid-19 pandemic. The downfall followed a sharp drop in oil prices, revealing significant financial troubles within the company.

The bankruptcy order, issued on December 19, also extends to Lim’s children, Lim Huey Ching and Lim Chee Meng, who served as directors at Hin Leong. The details of the bankruptcy were published in the…

New Delhi: Lim Oon Kuin, the former oil tycoon and founder of Hin Leong Trading Pte., has been declared bankrupt in Singapore. The bankruptcy order, issued on December 19, also applies to his children, Lim Huey Ching and Lim Chee Meng, who served as directors at the company. The announcement was made through the government gazette.

Leow Quek Shiong and Seah Roh Lin from BDO Advisory Pte. Ltd. have been appointed as trustees to oversee the bankruptcy proceedings.

Hin Leong Trading was once a prominent name in the oil industry, trading a variety of oil products, manufacturing lubricants, and operating loading terminals and storage facilities. However,…