The National Company Law Appellate Tribunal (NCLAT) at New Delhi, has recently reiterated that that the Covid-era suspension under the Insolvency and Bankruptcy Code does not protect personal guarantors from insolvency proceedings. The appellate tribunal ruled that the suspension applies only to companies and does not bar creditors from initiating insolvency proceedings against individuals…

Countries in spiralling debt distress are set to deliver billions in profits to funds managed by asset managers including BlackRock, JP Morgan and other household names, new analysis from Christian Aid and Debt Justice shows.

The research, which has been shared exclusively with The Independent, shows that funds managed by BlackRock stand to make an estimated $2.1 billion profit from loans to countries in or at high risk of debt distress. Funds managed by Goldman Sachs are set to make $900 million, while those managed by JP Morgan are estimated to make $700…

National Company Law Tribunal, Mumbai: In an application filed by EnQuest PetroSolutions Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with seeking initiation of Corporate Insolvency Resolution Process (CIRP), the two-member Bench of Nilesh Sharma (Judicial Member) and Sameer Kakar (Technical Member) observed that from the evidence and materials, it was clear that there was existence of the financial debt exceeding the minimum threshold of Rs.1 Crore prescribed under Section 4 of the IBC due and payable by the respondent as well as the default in repayment thereof by the respondent.

The Tribunal observed that all the pre-requisites of application filed under Section 9 of IBC by the applicant for…

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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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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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The collapse of the The View Café in Aviemore comes as the sector “continues to face significant challenges”.

George Lafferty of Begbies Traynor has been appointed provisional liquidator of the firm and said that it is working to “ensure all staff who have been made redundant are able to recover sums due to them as quickly as possible”.

READ MORE: What did your MSP claim in expenses in 2024/25? See the full list here

The company entered provisional liquidation on Tuesday and has now ceased trading with 12 members of staff being made redundant

Thomas McKay, managing partner at Begbies Traynor in Scotland, said: “We are currently working with the Redundancy Payments Service to ensure all staff who have been…