Insolvency Guardian Media Centre
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The borrowing limit for a line of credit is usually higher, but so is students’ responsibility; they are required to pay interest immediately on any money they borrow, even while they are in school, and repayment assistance programs are generally not available. For some students, a line of credit can be a helpful supplement to government aid, but it should not become a substitute for the built-in protections and supports of the federal and provincial student loan system.
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Liquidation starts for company run by fatal Dunkeswell skydiving business director Totnes Times
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Liquidation starts for company run by fatal Dunkeswell skydiving business director Wellington Weekly News
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The Mumbai bench of the National Company Law Tribunal (NCLT) allowed the liquidation of Reliance Capital Ltd. with the provision of the Insolvency and bankruptcy Code(IBC), 2016 and appointed the liquidator.
The Application has been filed under Section 33(2) of Insolvency and Bankruptcy Code, 2016 (“theCode”) read with applicable provisions of the Insolvency and Bankruptcy Code (Insolvency Resolution Process for Corporate
Persons), 2016 (“CIRP Regulations”) by Mr. Pankaj Sham Joshi (hereinafter referred to as the “Applicant”) seeking
The Company Petition was filed by the Financial Creditor i.e. Reliance Capital Limited as per Section 7 of the Code to initiate Corporate Insolvency Resolution Process (“CIRP”)…
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The National Company Law Tribunal (NCLT), Mumbai Bench has held that it is not the appropriate forum to adjudicate matters related to copyright violations related to ‘Kaithi’ movie and contract termination and rejected application preferred by Dream Warrior Pictures.
The applicant, Dream Warrior Pictures file application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ( “the Code”) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 ( “the AAA Rules”) by Mr. Aravendraj Baskaran authorised representative and Executive Producer of the Applicant authorised vide a resolution dated 11.01.2025, for initiating Corporate Insolvency Resolution Process…
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Many North East firms at “crossroads”, insolvency expert says business-live.co.uk
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Online gaming addiction has become a nationwide crisis, with rising cases of suicides, debts, and financial ruin across India. Families are losing their life savings, with over ₹20,000 crore lost annually and 45 crore people impacted. Tragic incidents — from Siliguri to Telangana — highlight the growing dangers of online betting, money gaming, and gambling. Union Minister Ashwini Vaishnaw stresses the need for strict regulation to protect the youth and middle-class families while promoting safe platforms and responsible gaming.
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The situation of the Belgian transport group based in Turnhout had been deteriorating for several years, and hopes of a rescue were abandoned within just a few months. Despite earlier restructuring and attempts to expand into parcel transport and logistics, the company failed to stay afloat.
Five companies declared bankruptcy
The commercial court in Antwerp declared the bankruptcy of five companies belonging to Group De Wolf: holding Group 5216 and four operational companies – Red Line Service, Transport De Wolf & Berre, Red Line Logistic Service, and Transport Bellekens. The latter was taken over by Group De Wolf in 2021.
In total, the group employed about one hundred people, with 80 full-time employees in 2023 within the logistics…
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The situation of the Belgian transport group based in Turnhout had been deteriorating for several years, and hopes of a rescue were abandoned within just a few months. Despite earlier restructuring and attempts to expand into parcel transport and logistics, the company failed to stay afloat.
Five companies declared bankruptcy
The commercial court in Antwerp declared the bankruptcy of five companies belonging to Group De Wolf: holding Group 5216 and four operational companies – Red Line Service, Transport De Wolf & Berre, Red Line Logistic Service, and Transport Bellekens. The latter was taken over by Group De Wolf in 2021.
In total, the group employed about one hundred people, with 80 full-time employees in 2023 within the logistics…
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In an important, the Madras High Court has held that the Commercial Tax Department qualifies as a ‘secured creditor’ under the Insolvency and Bankruptcy Code ( IBC ) where statutory charges are created on the property of a corporate debtor.
Thus, directed the auction purchaser – petitioner, to recover its purchase consideration from the corporate debtor and remit the amount towards long-pending VAT ( Value added tax ) arrears of the Corporate debtor for vacating the attachment.
RLS Alloys Pvt. Ltd., the 3rd respondent which was ordered into liquidation by the National Company Law Tribunal (NCLT) in June 2019. The Commercial Taxes Department, represented by the Assistant Commissioner Srirangam (GST Circle), had earlier attached its…
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As Finland prepares to end its monopoly, a new study has warned the transition to a licensing model needs to be “carefully designed” to alleviate problem gambling concerns.
A study in Finland has found online gambling ads contribute to problem gambling and financial harm, especially among online offshore gamblers.
The study was conducted by Iina Savolainen, a senior research fellow; Tomi Roukka, a senior specialist at the Finnish Institute for Health and Welfare; and Tampere University social psychology professor Atte Oksanen.
The research, titled “The impact of gambling advertising online: a longitudinal study on exposure and harm”, surveyed 1,530 Finnish adults aged 18 to 75 between 2021 and 2024.
Around 75% of…