New Delhi: The National Company Law Tribunal (NCLT) has admitted an insolvency plea against Blu-Smart Mobility Tech over non-payment of dues worth Rs 5.84 crore to Lepton Software Export and Research.
The Ahmedabad bench, comprising members Sanjeev Sharma and Shammi Khan, appointed Pawan Kumar Goyal as the interim resolution professional (IRP) and suspended the company’s board. The tribunal said Blu-Smart Mobility defaulted on its operational debt, making the creditor entitled to recovery under Section 9(5) of the Insolvency and Bankruptcy Code (IBC).
Lepton Software, which provides Google Maps Platform services, had a service agreement with Blu-Smart from October 2022 to September 2023, later renewed till September 2024. It claimed…
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A 20 per cent cut to student loans is now just weeks away.
The slashing of HELP bills, including HECS debts, is rolling out by the end of 2025 and is welcomed relief for some 3 million Australians who owe money on their tertiary education — but some say the relief does not go far enough and a “token policy”.
Those with a HECS debt will receive an automatic 20 per cent reduction on the outstanding amount owing, backdated to June 1.
An election promise made by the federal government earlier this year, Education Minister Jason Clare said the reduction would “save millions of Australians thousands of dollars”.
“We’ve also made student repayments fairer. For someone earning $70,000 a year, it will cut the amount they have to repay every year…
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A pilot of the scheme helped secure a combined £1.67m in financial gains for participants
Placing debt and benefits advisers in GP surgeries could ease pressure on the NHS and improve patients’ health across the country, a pilot test shows.
The Financial Shield project, run across 34 GP practices in South London, found that more than half of participants reported improvements in their physical or mental health after receiving tailored financial support, with around one in three saying they needed fewer GP appointments afterwards.
The scheme has government backing and embeds financial support link workers in primary care settings to help patients deal with debt, apply for benefits and negotiate…
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U.S. President Donald Trump speaks with Secretary of Education Linda McMahon during an executive order signing ceremony in the Roosevelt Room of the White House on July 31, 2025 in Washington, DC.
Anna Moneymaker | Getty Images
The Trump administration has agreed to cancel student debt under programs it had partially blocked, reopening a path to student loan forgiveness for millions of borrowers.
The outcome is the result of an agreement reached on Friday between the U.S. Department of Education and the American Federation of Teachers, a union.
In the agreement, the Trump administration said it will again process student loan forgiveness for eligible borrowers in two income-driven repayment plans — the original Income-Contingent…
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Tortoise & Hare fashion boutique enters liquidation owing $670,000 BusinessDesk | NZ
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Joey Essex is reportedly being probed after his personal firm went bust owing £1.2 million.
The 35-year-old former TOWIE star’s company Joey Essex Management Ltd was forced into liquidation in September as he can’t pay its huge debts, mostly due to the taxman.
This is despite Joey earning substantial amounts from appearing on some of our biggest reality shows like I’m A Celebrity, Dancing on Ice, Celebrity Masterchef and SAS: Who Dares Wins.
Now The Mirror reports that accountants are going to be investigating the company director according to new documents sent to Companies House.
According to the publication the papers read: ‘Now that the Company has converted to an insolvent liquidation, the Liquidators will have a duty to enquire into…
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Macon Blair’s The Toxic Avenger isn’t just a wild, gory, hilarious ride, it’s also doing some real-world good. The Peter Dinklage-led horror comedy, which hit theaters in August after years of waiting, has sparked a campaign that’s wiped out an incredible $15 million in medical debt for thousands of people across the country.
Ahead of the film’s theatrical release, Cineverse, the studio behind The Toxic Avenger, announced a charity effort aimed at tackling medical debt in the United States. The original goal was to eliminate $5 million in debt, with Cineverse pledging to match every $1 million the film earned at the box office with another $1 million in debt relief.
According to Cineverse, “What started as a heroic quest to…
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With borrowing costs rising and western governments including the UK cutting their aid budgets, unsustainable debts are driving a development crisis across the global south.
In the latest evidence, Ethiopia last week faced the threat of being sued by its creditors in the English courts, after long-running negotiations about restructuring $1bn (£740m) of its debt collapsed.
In a number of other countries, including Zambia, Chad and South Sudan, private-sector lenders have strung out or disrupted efforts to restructure loans, with the process often taking years.
New analysis published as the International Monetary Fund and World Bank met in Washington last week, by the advocacy group Development Finance International (DFI), shows the scale…
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With Sheffield Wednesday set to be served with a winding-up petition over money owed to HMRC, fans are left wondering what happens next?
Could the club actually go out of business? Is administration more likely?
In terms of the immediate threat of liquidation, there are some things to consider. There is a new football regulator on the way who will be watching closely.
Per sources, the EFL are owed money – as are a group called New Avenue Projects. They are involved in a significant debt secured against Hillsborough Stadium.
It is unlikely that these creditors will allow the club to be wound-up.
When a winding-up petition is issued a court date is set which is likely to be four to eight weeks in the future.
In the meantime, the creditors are…
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