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Labor’s Budget botches HECS debt relief for 3 million Australians
The Albanese Government has botched its Budget commitment to cut student debt for three million Australians with the ATO confirming
Fall Damage Studio declared bankrupt by parent company Fragbite Group
Fall Damage's book value will be down to zero on Fragbite's forthcoming balance sheet Stay Informed Get Industry News In
The interplay between the Cape Town Convention and insolvency law when a private airline company undergoes liquidation in India
Krrishan SinghaniaK Singhania & Co, [email protected] SinghaniaK Singhania & Co, [email protected]. Anjana DeviK Singhania & Co, [email protected] ShahK Singhania &
Shohei Ohtani’s Interpreter Stole More Than $16 Million
Shohei Ohtani's Interpreter Stole More Than $16 Million
Bonza’s directors accused of trading while insolvent, creditors may walk away with nothing
In short: Administrators for collapsed airline Bonza say the company likely traded while insolvent.The company's directors are likely to be
Bonza creditors liquidate company in Hall Chadwick meeting
The future of budget airline Bonza is officially over, with creditors voting to liquidate the company. At a meeting with
Inflation’s rising. Here’s how debt relief can help.
With inflation rising yet again, for many Americans it may be time to explore debt relief options. Getty Images At
Ex-ILVA declared insolvent – Business
A Milan bankruptcy court on Thursday declared the former ILVA steelworks at Taranto in Puglia insolvent, the necessary premise for
REX ASX: Rex Airlines enters voluntary administration” – WAtoday
REX ASX: Rex Airlines enters voluntary administration”  WAtoday Read the original article here
A timeline of Shohei Ohtani’s ex-interpreter’s spiraling gambling debts
Paula Lavigne, ESPN Investigative ReporterApr 11, 2024, 05:25 PM ETCloseData analyst and reporter for ESPN's Enterprise and Investigative Unit. Winner,
Bradley Wiggins could lose Olympic gold medals after being declared bankrupt – The Mirror
Bradley Wiggins could lose Olympic gold medals after being declared bankrupt  The Mirror Read the original article here
What’s keeping the Go First insolvency saga boiling?
Last week the National Company Law Tribunal (NCLT) granted a 60-day extension to the grounded airline Go First to complete

The Albanese Government has botched its Budget commitment to cut student debt for three million Australians with the ATO confirming HELP loans will rise by 4.7 per cent from 1 June 2024, rather than the 4 per cent increase Labor promised.

Shadow Minister for Education, Sarah Henderson, said Labor’s go-slow on student debt reform means there is no certainty as to when Labor’s HELP indexation changes will be implemented.

With no legislation in sight to enact Labor’s changes, there is also no certainty as to when last year’s crippling indexation rate of 7.1 per cent will be backdated to 3.2 per cent, as Labor promised.

On 5 May 2024, Education Minister Jason Clare announced “..in response to the Australian Universities…

Read the original article here

  • Fall Damage’s book value will be down to zero on Fragbite’s forthcoming balance sheet


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The board of directors of Fragbite Group has declared bankruptcy for its subsidiary Fall Damage Studio.

According to the company in a release, the bankruptcy became unavoidable after the Swedish development team was unable to pen an agreement with a publisher for its ALARA Prime PC game which led to an “unsustainable financial situation”. 

As a result, the Fragbite board determined that Fall Damage Studio cannot pay its debts as they became due, promting their application for bankruptcy. However, parent company Fragbite Group and its other subsidiaries will continue to operate as…

Read the original article here

Krrishan Singhania

K Singhania & Co, Mumbai

[email protected]

Avni Singhania

K Singhania & Co, Mumbai

[email protected]

K. Anjana Devi

K Singhania & Co, Mumbai

[email protected]

Aayush Shah

K Singhania & Co, Mumbai

[email protected]

Overview of the aviation insolvency proceedings before Indian courts

In India, the Insolvency and Bankruptcy Code (IBC) was introduced to safeguard stakeholders’ interests and facilitate the restructuring of enterprises to continue their operations. Presently, the IBC governs all insolvency proceedings including the aviation industry.

The Corporate Insolvency Resolution Process (CIRP) under the IBC is initiated when the corporate debtor either voluntarily  or involuntarily, (ie by…

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Shohei Ohtani’s Interpreter Stole More Than $16 Million



















































































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