Insolvency Guardian Media Centre
The Insolvency and Bankruptcy Board of India (IBBI) recently suspended an Insolvency Resolution Professional (RP) for a period of one year, noting that they had been found negligent in liquidation, which led to an unjustified delay in conducting the process.
The disciplinary proceeding, initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) stem from the Corporate Insolvency Resolution Process (CIRP) of Ila metals which was initiated by Somani Multibiz Private Limited – who was an operational creditor.
The present order pertained to the conduct of Shivkumar Madanlal Baser, a member of the Indian Institute of Insolvency Professionals of ICAI (IIIP-ICAI), who was appointed as the…
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Game over for Lucknow youth who killed mother over gambling losses | Hindustan Times Hindustan Times
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By Rowan Holzberger
MOST Australians instinctively understand the value of a good education.
A trade certificate, a TAFE diploma, a university degree. It’s the ticket to a better life. But with cost-of-living pressures and student debts piling up, that ticket has started to feel more like a millstone than a launchpad.
That’s why the Albanese Labor Government’s 20% cut to student debt matters so much.
It’s practical. It’s fair. And, crucially, it’s a promise kept. In Forde alone, around 23,000 people will see the benefit – young Australians trying to get their start, and older graduates still chipping away at student debt decades later.
This isn’t a hand-out. It’s smart policy. It lets people get on with life: buy a…
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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:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
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Judges, lawyers, and business recovery experts have called for urgent reforms to Nigeria’s insolvency framework, stressing that effective restructuring mechanisms were critical to rescuing distressed businesses and safeguarding jobs, Anne Agbi reports.
Nigeria’s insolvency ecosystem must evolve beyond liquidation and punitive approaches if businesses are to survive the country’s turbulent economy, judges, lawyers, and business recovery practitioners have said.
They spoke at the 2025 Annual International Insolvency Conference of the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), which opened on Thursday at the Civic Centre, Victoria Island, Lagos. The two-day event had the theme:…
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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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When advising clients on complex debt relief transactions, it is crucial to understand not only the substantive law governing the timing of income recognition but also the procedural prerequisites for challenging IRS determinations. The recent Summary Order issued by the United States Court of Appeals for the Second Circuit in Romeo Salta, Jr., Phyllis Polega v. United States of America, 24-2700-cv (Oct. 6, 2025), affirmed the District Court’s finding regarding the proper tax year for cancellation-of-indebtedness (COI) income and provided a stark reminder of the binding nature of the doctrine of variance.
Factual Background and Taxpayer Reporting
The case originated from the reporting of cancellation-of-indebtedness income by Romeo…
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A series of decisions on solutions and company conversions were taken by the competent authorities, approving six company solutions and two conversions of corporate forms.
In detail:
The Chamber of Dodecanese approved the solution, the commencement of liquidation and the appointment of liquidators of the Société Anonyme with the name “Thomas Hotel Anonyme Etaireia”, in accordance with a decision of the General Meeting of Shareholders.
The Athens Chamber of Commerce and Industry approved the dissolution of the companies:
- “Pheidian Tourist Hotel and Commercial S.A.”,
“Wonderland Tourist – Hotel – Investment S.A.”,
based on decisions of the General Meetings of their shareholders.
The Chania Chamber approved the…
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