New Delhi [India], October 21 (ANI): The Select Committee on Insolvency and Bankruptcy Code (Amendment) Bill, 2025, headed by MP Baijayant Panda, has invited views and suggestions on the Bill from experts, industry associations, organisations, and stakeholders, according to an official statement.
People can send their memoranda and suggestions in English and Hindi within two weeks.
The IBC (Amendment) Bill proposes several structural and procedural changes to the Insolvency and Bankruptcy Code (IBC), 2016, and was…
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Updated: Oct 21, 2025 20:08 IST
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Regional airline Rex has a US buyer, administrators have confirmed more than a year after the airline entered voluntary administration.
An announcement on Tuesday evening revealed Air T – which operates a number of aviation businesses in the US – entered a sale and implementation deed with EY, the administrators of Rex.
‘The sale and implementation deed is subject to customary conditions precedent for a transaction of this type including receipt of regulatory approvals and…
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IN a rare win for student loan borrowers, millions of dollars in their debt have been instantly forgiven in what officials have called a “tremendous win.”
Under a new legal filing, the Education Department said it would continue processing debt relief for loanees on income-driven repayment plans.
The department reached an agreement on October 17 with the American Federation of Teachers, or AFT, to process more student loan forgiveness…
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A high-end Japanese restaurant in Melbourne has suddenly closed permanently after its parent company collapsed, owing tens of thousands of dollars.
Shoya Melbourne, tucked away on Market Lane in the city’s CBD, said it was temporarily closing on September 28 for major renovations.
But last week, the restaurant shared a sobering message on social media and its website announcing that it would not be reopening its doors.
‘This was not an easy decision to make, and we deeply regret any sadness this news may bring,’ it said on Wednesday.
‘While we had originally planned to reopen the restaurant following our renovation, we must share that, due to unforeseen circumstances – including the retirement of our owner-chef – Shoya will not be reopening…
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As Donald Trump’s debt relief plan comes into action, a report has suggested that wiping student loan debt could massively boost the US economy.
Millions of borrowers are due to have their debt forgiven as President Trump’s administration moves to restart loan forgiveness plans that were frozen earlier this year.
The move comes after months of legal battles between the White House and the American Federation of Teachers, who sued when the government stopped processing forgiveness applications.
Since then, the AFT has been in talks with the Department of Education, and on Friday (October 17), the two parties finally reached an agreement.
Eligible borrowers under the Income-Contingent Repayment (ICR) plan or the Pay as You Earn (PAYE) plan…
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Dutch Greenhouse Systems has officially been declared bankrupt, and there will be no restart. In an interview with a local news medium owner Joost Bogaard explained that the bankruptcy is the result of difficult market conditions. As a specialist in water and electrical systems for greenhouse construction, the company depends on new greenhouse projects to keep work flowing. However, with many investors postponing projects due to uncertainty in the market, opportunities have become scarce. Bogaard sees little hope for improvement next year, which ultimately led to the decision to file for bankruptcy.
The company employed…
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Dutch Greenhouse Systems has officially been declared bankrupt, and there will be no restart. In an interview with a local news medium owner Joost Bogaard explained that the bankruptcy is the result of difficult market conditions. As a specialist in water and electrical systems for greenhouse construction, the company depends on new greenhouse projects to keep work flowing. However, with many investors postponing projects due to uncertainty in the market, opportunities have become scarce. Bogaard sees little hope for improvement next year, which ultimately led to the decision to file for bankruptcy.
The company employed…
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- Wayne Miller hid his bankrupt status from a customer who he convinced to pay £30,000 for home renovations
- The home improvements, which included a new kitchen and two-storey extension, were never completed despite numerous promises by Miller
- Miller was handed a suspended sentence and ordered to pay compensation following investigations by the Insolvency Service
A bankrupt builder who persuaded a customer to pay him more than £30,000 for home improvements he never completed has been sentenced.
Wayne Miller deliberately concealed his status as a bankrupt from his victim and abandoned the building project in Canterbury when it was nowhere near finished.
He also promised to repay the customer for the unfinished work…
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Social media has become the go-to place for quick financial fixes, but new research reveals just how dangerous debt advice on social media can be.
A joint study from credit management company Lowell and free debt advice provider Money Wellness found that almost two-thirds (64.22%) of debt advice circulating on TikTok, Facebook, and Reddit is misleading, while an overwhelming 98.27% is unreliable.
With over 10.1 million people in the UK currently over-indebted (FCA Credit & Loans survey), many turn to online communities for support. But according to the study, the loudest voices in debt advice on social media can leave vulnerable people at risk of worsening their financial difficulties.
Misleading debt advice…
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MANILA – Close to 6,000 farmers across Northern Mindanao are set to receive their long-awaited land titles and debt condonation certificates on Wednesday as the Department of Agrarian Reform (DAR) marks another major step toward full land ownership and financial independence for agrarian reform beneficiaries (ARBs) in the province.
In a news release Tuesday, DAR Secretary Conrado Estrella III said 5,788 farmers from Bukidnon, Camiguin, Lanao del Norte, Misamis Occidental and Misamis Oriental will benefit from the distribution covering a total of 6,235.23 hectares of land.
“The distribution covers a total of 6,235.23 hectares of agricultural land,…
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On October 23, 1999, Mr. Rao started working as a customer service assistant at a company. His probation period was six months and after the probation period was over, he was confirmed in the job. Thereafter he was posted in the customer service department of the company’s Bengaluru branch. He was confirmed as a customer service assistant with effect from July 23, 2000. Rao was working in his position and years went by.
However, one day an unfortunate incident happened, and Rao was held to be allegedly responsible for this incident. To investigate Rao’s alleged role in this incident, the company initiated disciplinary proceedings against Rao for misconduct. After the proceedings concluded on August 30, 2008, Rao was dismissed from…
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The Institute of Chartered Accountants of India’s Financial Reporting Review Board (FRRB) has implemented new parameters to enhance the quality of auditing among companies. These include low audit fees, negative reserves, high leverage, and involvement in insolvency resolution processes. The parameters will be integral to reviewing corporate financials.
The FRRB reviews company financial statements to ensure adherence to Accounting Standards, Standards on Auditing, and the Companies Act’s Schedule II and III. It also checks compliance with guidance notes and RBI-issued master circulars/directions. A senior ICAI official emphasized that while the audit fee is a selection criterion, the primary interest is maintaining audit…