Insolvency Guardian Media Centre
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NEW DELHI: Appellate tribunal NCLAT on Tuesday dismissed the plea filed by the former promoters of realty firm Spaze Towers to confine the Corporate Insolvency Resolution Process to only one project — Spaze Arrow. The National Company Law Tribunal (NCLT), on October 21, 2024, directed the initiation of insolvency proceedings against Spaze Towers, admitting a plea filed by its flat owners.
Appealing against the order, the former management approached the National Company Law Appellate Tribunal (NCLAT), requesting to confine the CIRP process to only one project.
However, the appellate tribunal rejected it, saying, “When the…
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A COMPANY has warned there could be a rise in insolvencies in 2025.
Antony Batty & Company, licensed insolvency practitioners, has predicted a rise in insolvencies across Bournemouth, Christchurch and Poole.
This follows the recent budget’s substantial rise in employers’ national insurance and the minimum wage.
Elaine Wilkins, director at Antony Batty’s Bournemouth office, said: “With many businesses already suffering post-pandemic and from high inflation, the Government’s introduction of increased employers’ national insurance contributions along with the big rise in the minimum wage represents a significant escalation in a business’s cost base.
READ MORE: Business closes blaming government budget and high rent
Insolvency experts…
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Antony Batty & Company, licensed insolvency practitioners, has predicted a rise in insolvencies across Bournemouth, Christchurch and Poole.
This follows the recent budget’s substantial rise in employers’ national insurance and the minimum wage.
Elaine Wilkins, director at Antony Batty’s Bournemouth office, said: “With many businesses already suffering post-pandemic and from high inflation, the Government’s introduction of increased employers’ national insurance contributions along with the big rise in the minimum wage represents a significant escalation in a business’s cost base.
READ MORE: Business closes blaming government budget and high rent
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Labour hire company at centre of immigration investigation goes into liquidation Stuff
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Keppel places Avenue Park Development under voluntary liquidation Singapore Business Review
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LOS ANGELES (CNS) — Due to a new pilot program, an estimated 150,000 residents across Los Angeles County will soon have their medical debt cleared, and thousands more will be notified in the coming month of similar news, officials announced Monday.
The L.A. County Department of Public Health launched its Medical Debt Relief Program, an initiative aimed to eliminate such debt that disproportionately affects vulnerable communities.
County officials said the program will initially eliminate $500 million in debt by using a $5 million investment to purchase medical debt for pennies on the dollar for low-income residents. The Board of County Supervisors approved the program earlier this year, which was spearheaded by Supervisors Janice Hahn…
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Key takeaways
- Use financial tools to keep your credit card spending and debt in check
- When things get out of control, look to debt management and credit counseling programs for help
- Face your credit card mistakes and learn from them
I’ve had a love-hate relationship with credit cards for nearly 40…
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