Insolvency Guardian Media Centre
Noida: Home loans disbursed by a bank to buyers cannot be considered a financial debt owed by a project’s developer, the National Company Law Appellate Tribunal (NCLAT) has ruled, dismissing UCO Bank’s plea to be recognised as a financial creditor in the insolvency case of Bulland Buildtech Pvt Ltd, the developer of the Bulland Elevates project in Greater Noida.A two-member bench of chairperson justice Ashok Bhushan and technical member Arun Baroka upheld two orders of the National Company Law Tribunal (NCLT) that rejected the bank’s Rs 19-crore claim and approved a resolution plan for the developer submitted by Saviour Builders.Residential units at Bulland Elevates were sold between 2013 and 2015. Forty-five homebuyers took loans…
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Kobo Biotech’s Committee of Creditors Approves 90-Day Extension for Insolvency Resolution Process scanx.trade
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Dereck Lively II is Helping to Erase Medical Debt With Blocks This Season slamonline.com
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Setubandhan Infrastructure Fails to Submit Regulatory Reports Amid Ongoing Insolvency Process scanx.trade
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Kobo Biotech Limited’s Committee of Creditors Approves Multiple Resolutions, Including CIRP Extension scanx.trade
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Birmingham city council was “likely never bankrupt” and the decision to issue the section 114 notice two years ago was “based on unaudited and materially incorrect information”, accounting experts have claimed.
The Labour-run council issued a section 114 notice in September 2023, in effect declaring itself bankrupt, which triggered a wave of spending cuts and plans to sell £750m worth of assets. This prompted the government to appoint commissioners to run the council for five years.
At the time, council leaders blamed a £760m bill for equal pay claims, problems installing a new IT system and £1bn in Tory government cuts over the previous decade.
However, having done a fresh analysis of the council’s 2022-25 financial accounts,…
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Facebook App: Open links in External Browser
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Ballarat flight school enters administration, but a US airline may save it The Courier | Ballarat, VIC
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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Trump administration drastically alters student debt relief as court battle looms MSN
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NJ medical debt relief tops $1.3B in 5th round NJBIZ
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MPs criticise Ofgem’s ‘completely inadquate’ response to energy debt crisis London Evening Standard