Four months ago, the Federal Court of Australia forced Ally Fashion into liquidation following an application by a landlord for rent arrears. The court appointed Jeff Marsden and Duncan Clubb of BDO Australia on February 28, 2025.
During the liquidation process, around 50 Ally Fashion stores were closed down, with liquidators then entering a license agreement to allow the remaining stores to continue trading.
On May 15, the liquidation was stayed by the Supreme Court of NSW and Ally Fashion was placed into administration, allowing…
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“We have repaid bank loans worth Rs 335 crore during the April-July period of this fiscal year,” Garg told PTI, adding that the company’s net debt had fallen to Rs 1,445 crore at the end of July, down from Rs 1,780 crore at the start of FY26. The company is repaying its loans using internal accruals as well as funds raised from promoters and investors.
“We will become debt-free by the end of this fiscal year,” Garg said.
PC Jeweller had indicated in its investor presentation that it had…
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The Insolvency and Bankruptcy Board of India (IBBI) has dismissed two RTI appeals filed by appellant, who had sought detailed clarifications on provisions of the Insolvency and Bankruptcy Code (IBC) relating to ongoing insolvency proceedings.
Jitendar Sood had approached the IBBI with two separate appeals, both arising from responses received from the Central Public Information Officer (CPIO) of the IBBI.
The IBBI held that RTI Act cannot be used to seek legal interpretations
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In the first appeal, Sood raised a series of queries related to a real estate project undergoing Corporate Insolvency Resolution Process (CIRP). His questions…
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The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted a Section 7 insolvency application filed by DSM Projects Private Limited against A.N. Enterprises Infrastructure Services Private Limited over a default exceeding ₹98 crore.
The case arose from a loan agreement dated September 6, 2017, under which DSM Projects disbursed ₹63 crore to A.N. Enterprises as an Inter-Corporate Deposit for business and working capital purposes. The repayment tenure was fixed at 4 years and 6 months, with the last repayment due by March 13, 2022.
Despite partial repayments totalling ₹4.5 crore, the Corporate Debtor failed to clear the outstanding amount. As of December 2024, the total claimed default stood at ₹60.19 crore in…
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Couple battles debt and hygiene issues while seeking help from Dr. Oh Eun-young – CHOSUNBIZ Chosunbiz
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Over 5K Cagayan Valley farmers receive land titles, debt relief from DAR Philippine Information Agency
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Bowen Coking Coal collapses into voluntary administration amid industry woes grafa.com
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Here are the answers to your HECS debt discount questions thedailyaus.com.au
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(InvestigateTV) — From credit card balances to daily expenses, millions of Americans are struggling to stay ahead off their debt.
But Matt Schulz, chief consumer finance analyst with LendingTree, said it’s never too late to take action.
He said one strategy worth considering is debt consolidation.
“Debt consolidation can be a really big deal because not only can it streamline things for you, making it to where you only have to make one payment instead of several each month,” Schultz noted. “It can also really save you a significant amount of interest and even really shorten the amount of time it takes to really pay off that debt.”
He said consolidation can make sense for those able to qualify for a lower interest rate than what…
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Reserve Bank Cuts Repo Rate by 25 Basis Points, Offering Debt Relief MSN
