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The jurisprudence surrounding avoidance applications under the Insolvency and Bankruptcy Code (IBC), 2016, has evolved into one of the most crucial debates in India’s insolvency ecosystem. At the heart of the issue lies a fundamental question, can avoidance proceedings, filed to reverse preferential or fraudulent transactions, survive once the corporate insolvency resolution process (CIRP) concludes?
While the IBC was designed as a time-bound mechanism focused on resolution and value maximization, recent judicial and regulatory developments have expanded its interpretive boundaries. From the Delhi High Court’s contrasting rulings…

Bruno Mars’ $60 Million Vegas Debt Bombshell: The Hilarious Truth About The Rumors

Bruno Mars keeps dazzling crowds with his electrifying performances and infectious hits. Yet lately, whispers about a massive $60 million gambling debt tied to his Las Vegas residency have fans buzzing with worry and curiosity. This rumor, which first surfaced in early 2024, refuses to fade even as Mars thrives in 2025. Just last month, he swept the MTV Video Music Awards with “APT.” alongside Rosé, proving his star power burns brighter than ever. Today, we dive into the facts, the fun, and the finances that show why this pop king remains untouchable.

Despite the introduction of the municipal Eskom debt relief programme in 2023, municipalities are still battling to address ballooning debt to the power utility.

According to the department’s Medium Term Budget Policy Statement (MTBPS), the debt has grown to some R94 billion as of the end of March this year – up from some R55 billion.

“While 24 municipalities have qualified for the first one-third write-off after 12 consecutive months of payments and 21 have generally maintained payments, as of 7 May 2025, 47 municipalities remain in default. 

“This is the combined result of weak collections, excessive electricity and water losses due primarily to a lack of maintenance, and inadequate credit control. Measures are being taken to…

Home care and disability services provider Annecto Incorporated has entered voluntary administration, leaving more than 1,000 employees and 3,000 clients in limbo across Victoria, New South Wales, Queensland, and South Australia. In June, the…