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Educomp Solutions Limited ( (IN:EDUCOMP) ) has shared an update.

Educomp Solutions Limited has announced the publication of its audited standalone financial results for the quarter and year ending March 31, 2025, in compliance with SEBI regulations. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) under the supervision of a resolution professional, following an order by the National Company Law Tribunal (NCLT). The resolution plan has been approved but not yet implemented, and contempt proceedings have been…

25 Sep 2025
Equality
Finance

FMQs: Scottish Government must wipe ‘toxic’ council tax debt to help families in poverty 

The Scottish Government must support changing the law and wiping ’toxic and unpayable’ council tax debt as part of their efforts to end child poverty in Scotland, says Scottish Greens co-leader Ross Greer MSP.

Speaking at First Minister’s Questions, Ross raised the following question: 

“Yesterday the First Minister said it is our moral imperative to eradicate child poverty. He is right to highlight that Scotland is the only part of the UK where child poverty is decreasing.

“But one in five children here still live in poverty. One in five…

In a recent ruling, the Supreme Court has refused to interfere with the Gujarat HighCourt’s decision confirming the decision that no fresh income tax claims or reassessment proceedings can be initiated once a resolution plan under the Insolvency and Bankruptcy Code (IBC), 2016 is approved.

We are deeply saddened to learn that MS Society South Australia & Northern Territory (MS SA&NT) has entered into voluntary administration.

Our immediate concerns are for people living with MS, families and carers who rely on the services provided by MS SA&NT, as well as the dedicated staff who have contributed so much to supporting people living with MS in our communities.

MS SA&NT is a separate Member Organisation, and its decision to move into voluntary administration does not affect MS Australia or the capacity of our other state Member Organisations to meet the needs of their clients, supporters and funders.

MS Australia will work closely with our MS Member Organisations, sector partners and government to assess the situation…

Saudi regulators are planning a further expansion of the local debt markets as the kingdom seeks more capital to finance massive construction projects.

There’s been about $228 billion in issuance to date in the history of the Saudi market, representing around 18% of gross domestic product, according to Abdulaziz Abdulmohsen Bin Hassan, a member of the five-person board that governs the Capital Market Authority.

The amount of money owed to energy suppliers by customers has increased to a new record high of £4.4bn, figures from the regulator show.

Ofgem said that the level of energy debt and arrears in England, Wales and Scotland had risen by more than £750m compared with a year earlier.

The data, which covers the period from April to June, shows that more than one million households have no arrangement to repay their debt, also a record high.

The regulator is considering ways to tackle growing household debt. Earlier in the week it said plans included suppliers “debt matching” repayments by customers to clear the amount owed more quickly.

The level of debt to energy suppliers has increased sharply since the price of domestic gas and electricity…

The level of debt to energy suppliers has increased sharply since the price of domestic gas and electricity pushed many households into financial difficulty in recent years.

The cost of essentials, including domestic energy, created the post-Covid crisis that led to millions of people receiving cost of living payments from the last government.

Energy prices are lower than their peak but remain relatively high. Some customers are struggling to pay their bills now, even before they try to repay unpaid bills from previous months and years.

Average debt for people who do not have a repayment plan with their provider stands at £1,716 per household.

Ofgem is studying how any debt that has little chance of being repaid should be covered.

On…

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09/25/2025 10:52

Increase in insolvencies in the first half of 2025 weaker than in previous years

In the first half of 2025, the number of corporate insolvencies filed rose to 12,000, but the increase was lower than in the first six months of 2024 and 2023.

The number of company insolvency petitions rose to around 12,000 in the first half of 2025….

The Nigerian government has called for urgent action to promote debt relief as a clear path to peace and prosperity, rather than an act of charity. President Bola Tinubu made the call in his national statement at the 80th session of the United Nations General Assembly on Wednesday in New York.

Mr Tinubu, represented by the Vice-President Kashim Shettima, also called for a new and binding mechanism to manage sovereign debt.

“It is a sort of International Court of Justice for money, that will allow emerging economies to escape the economic straitjacket of primary production of unprocessed exports. It has been over for decades since the Lagos Action Plan outlined a route away from debt and dependence that highlighted…