Insolvency Guardian Media Centre
Thus, Mansi Brar refines rather than contradicts Pioneer Urban. Homebuyers retain their status as financial creditors, but only those who can demonstrate a bona fide intent to obtain possession, not a return on investment, are eligible to invoke the IBC.
The judgment re-establishes RERA’s primacy, reminding stakeholders that disputes over delay, refund, or possession must first be addressed before the sectoral regulator. Insolvency, in contrast, must remain a tool for resolving genuine financial distress, not an avenue for leverage.
For tribunals, Mansi Brar introduces a new gatekeeping duty: pre-admission scrutiny of agreements. Clauses offering fixed returns, buy-backs, or quick exits will now indicate speculation.
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Damon Jones’ Stunning Fall From NBA Millions to Courtroom Gambling Scandal
Former NBA sharpshooter Damon Jones stepped into Brooklyn federal court yesterday, his face etched with determination as he pleaded not guilty to explosive conspiracy charges. The man who once drained threes for LeBron James now stands accused of betraying the game he loved, allegedly leaking insider injury reports to gamblers and drawing stars into high-stakes poker traps run by organized crime. This latest twist in the sprawling “Operation Nothing But Bet” and “Operation Royal Flush” probes has gripped basketball fans, exposing a dark underbelly where glory collides with greed.
Prosecutors paint Jones as a linchpin in a network that snared over 30…
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(Oslo, Norway, 7 November 2025)
StandardCoin AS (under liquidation) (ticker SCOIN) (the Company) herebyconvenesto an extraordinary general meeting (the EGM) to be held on 21 November 2025at10:00am CET as a physical meeting in the offices of Ro Sommernes advokatfirmaDA, Rådhusgata 33, 0160 Oslo (3rd floor).
Reference is made to the general meeting of the Company held on 11 September2025 where it was resolved to dissolve the Company. In accordance with section16-10 of the Norwegian Private Limited Liability Companies Act, the generalmeeting is convened to approve the liquidation settlement.
Further, the board of directors has in accordance with section 16-6 of theNorwegian Private Limited Liability Companies Act prepared a…
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Meaders Hair Limited, which trades as Meaders Hair & Beauty in Corn Street, Witney, was placed into voluntary liquidation last month.
This means the registered company is being wound down – in this case with debts that need to be settled to creditors.
HMRC is owed £38,638 in unpaid VAT, £16,390 in unpaid PAYE and National Insurance Contributions and £14,176 to the Corporation Tax Services department.
The company’s sole director, shareholder and founder Luke Meader, 42, is listed as a creditor being owed £2,468.
Debts of £20,280 are owed to Lloyds Bank for a Bounce Back Loan and the finance group Liberis is waiting on £24,567, a statement of affairs released on Companies House reveal.
The six creditors are…
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Tim Robberts | Digitalvision | Getty Images
Student loan forgiveness is a major relief for borrowers — many of whom have been in repayment for decades. But after receiving debt cancellation, there are key steps you should take, experts say.
The Trump administration agreed last month to resume forgiving people’s education debts under programs that it had partially paused, including the Income Contingent Repayment plan, or ICR, and the Pay as You Earn plan, or PAYE. The concessions resulted from a lawsuit by the American Federation of Teachers against the U.S. Department of Education, which accused the government of blocking borrowers from opportunities mandated in their loan terms.
Even during the government shutdown, some student loan…
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Major Overhaul Expected In Insolvency and Bankruptcy Code Before Winter Session of Parliament | Image:
Republic
India’s key law for handling bankruptcies might be in for a big update soon. Sources indicate that the Insolvency and Bankruptcy Code (IBC), which is the country’s main framework for resolving corporate debts and insolvencies, could face significant revisions right before Parliament’s Winter Session commences.
This session usually starts in late November and lasts about a month. The push comes from business leaders who want changes to rules on “related parties” and family ties, aiming to make it easier to wrap up deals and boost the “ease of doing business” in India.
History of IBC Amendments and What’s Coming…
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Senegal stride in debt management wins IMF praise APAnews – Agence de Presse Africaine
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Scotland’s insolvency service appointed a specialist insolvency practitioner to manage the bankruptcy estate of former Scottish First Minister Alex Salmond. The service confirmed Kenny Craig from Begbies Traynor as bankruptcy trustee on Friday, following an application by Salmond’s widow Moira.
The appointment comes after significant court costs accumulated from legal battles against the Scottish Government. Salmond, who died of a heart attack in October 2024, had previously won £512,000 in a successful lawsuit against the Scottish Government over its handling of harassment complaints against him, which a court found to be “tainted with apparent bias.”
Ongoing legal proceedings
At the time of his death, Salmond was pursuing further legal…
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The National Company Law Appellate Tribunal (NCLAT) New Delhi bench upheld the initiation of Corporate Insolvency Resolution Process (CIRP) against Majestic Hotels Limited holding that defaults occurred before COVID-19 suspension period are not protected by section 10A of the Insolvency and Bankruptcy Code, 2016 (IBC) even if payments were to be made during the suspension period.
A bench comprising Justice Ashok Bhushan and Mr. Indevar Pandey (Technical Member) dismissed an appeal filed by the suspended directors of the corporate debtor and affirmed an order passed by the National Company Law Tribunal (NCLT) under section 7 of the IBC admitting the petition filed by U.V. Asset Reconstruction Company Ltd. (UVARCL).
“The…
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Kottayam: The Congress has stepped in to stop a private financier from evicting a woman and her differently abled daughter over a loan default. Following the intervention of Kottayam MLA Thiruvanchoor Radhakrishnan, an agreement was reached allowing Usha Kumari of Vishnu Vilasam, Poovanthuruth, Panachikkad, and her daughter to continue living on the first floor of their house until the matter is settled in court.
The intervention came a day after Manorama reported their plight. Usha Kumari and her daughter have been facing severe financial hardship after her husband, P Sivadasan, allegedly took a ₹51 lakh loan from a…
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Around 15 companies, including Vedanta Ltd., Refex Industries Ltd. and Jindal Power Ltd. have shown interest in resolving the debt and operations of distressed electric vehicle firm BluSmart Electric Mobility as part of its insolvency resolution process, people aware of the matter told NDTV Profit.
While multiple companies initially reviewed the assets of BluSmart, a final list of prospective resolution applicants is now expected to submit resolution plans by early December, one of the abovementioned people explained on the condition of anonymity.
In a corporate insolvency resolution process, a prospective resolution applicant is an entity that expresses interest in submitting a plan to resolve the debts and operations of the…
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BluSmart Electric Mobility Attracts Interest from 15 Companies in Insolvency Resolution scanx.trade