REVEALED: Latest business liquidations in Yarra Herald Sun
Read the original article here
NCLAT Upholds Liquidation of Go Airlines
Busy Bee Airways Pvt. Ltdvs Dinkar T Venkatasubramanian CITATION : 2025 TAXSCAN (NCLAT) 182
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench upheld the liquidation by finding that, in the absence of a compliant resolution plan, the Committee of Creditors (CoC), acting in accordance with Section 33(2) of the Insolvency and Bankruptcy Code, 2016, and using its commercial judgment, was within its rights to decide to liquidate the CorporateDebtor, Go Airlines (India) Ltd.
The Tribunal comprising of Justice Ashok Bhushan (Chairperson), Barun Mitra (Technical Member) and Arun Baroka (Technical Member) have held that the decision of the CoC to liquidate the…
Read the original article here
Simply put, insolvency happens when a business is not able to pay its debts. When a company is not able to locate funds to pay debts that are due, for example through taking on additional debt, it can legally file for bankruptcy. The company is then dissolved, and its assets are sold, usually by a third party such as a law firm, with the money received being divided between the company’s creditors. As a rule, creditors do not receive the full amount they are owed when a company files for bankruptcy. In most countries, a condition for filing for bankruptcy is that the company’s assets are not sufficient to cover the total amount of debt they owe. It is often the case that the outstanding debt is much higher than the value of…
Read the original article here
By Prudhviraj Rupavath
Hyderabad: As 2025 draws to a close, the twin stages of COP30 in Brazil’s Amazon and the G20 summit in South Africa exposed a harsh truth.
The Global South is still struggling to secure real climate finance and debt relief from the developed North, even as disasters grow more severe. In Belém, pledges on forests, adaptation and indigenous rights offered hope but little clarity.
In Johannesburg, cautious talk on debt and development highlighted deep divides. Together, both summits envisioned that a united Global South front on finance, technology and trade can convert climate diplomacy into resources for countries already reeling from floods, heatwaves and food insecurity.
COP30 in Brazil (X@UN)
A Year Of Climate…
Read the original article here
Gambling with the dollar’s future The Japan Times
Read the original article here
Syska LED Lights Pvt Ltd, once a well-known name in the consumer lighting market, is currently going through an insolvency resolution process after facing serious financial trouble. This process has attracted interest from four potential buyers. These include Syska’s own promoter, Germany-based investment firm Mutares Group, and two Indian companies, Aikyam Stressed Asset Fund and Cyfuture India.
Read the original article here
The National Company Law Appellate Tribunal (NCLAT) at Delhi held that a three-day delay in filing an insolvency appeal stood deemed to have been condoned due to a registry error, and on that basis refused to recall its earlier order admitting insolvency proceedings. A coram comprising Judicial Member Justice Yogesh Khanna and Technical Member Ajai Das Mehrotra, passed the order on December…
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
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:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
Read the original article here
That was when Lee realised he had to confront his gambling addiction, which reportedly left him S$200,000 in debt, or else “the problem will continue to exist.”
“So with the courage my family gave me, I spent about two to three years working very hard to pay off my debts,” he shared.
Looking back, Lee admitted he was “very foolish” at the time.
But how did he end up there in the first place?
“I wanted to make the most money in the shortest amount of time, so I went down the path of gambling,” he explained.
Shaking his head in regret, he added: “The outcome was disastrous, an utter defeat.”
This story was originally published in 8Days.
For more 8Days stories, visit https://www.8days.sg/
Read the original article here
That was when Lee realised he had to confront his gambling addiction, which reportedly left him S$200,000 in debt, or else “the problem will continue to exist.”
“So with the courage my family gave me, I spent about two to three years working very hard to pay off my debts,” he shared.
Looking back, Lee admitted he was “very foolish” at the time.
But how did he end up there in the first place?
“I wanted to make the most money in the shortest amount of time, so I went down the path of gambling,” he explained.
Shaking his head in regret, he added: “The outcome was disastrous, an utter defeat.”
This story was originally published in 8Days.
For more 8Days stories, visit https://www.8days.sg/
Read the original article here
CHARLOTTE, N.C. (WBTV) – As Affordable Care Act subsidies expire at midnight ON Wednesday, more than 1.6 million people across the Carolinas will face dramatically higher health insurance costs, potentially leading to mounting medical debt. Experts are offering advice on navigating and negotiating medical bills.
The subsidy expiration affects one million people in North Carolina and more than 600,000 in South Carolina. The average increase is 114% per person, meaning some residents fear they will lose affordable coverage and face detrimental medical bills if a medical emergency occurs.
“I just think that everyone should be able to go to the doctor without even worrying about what is this gonna cost, because it is the way we maintain…
Read the original article here
NHA caps 2025 with debt relief, housing aid, and thousands of new homes Daily Tribune


