The issues before the Ld. NCLAT were whether the demand notice was properly served and whether the initiation of the proceedings was barred by the limitation.

Background of the Case

The corporate debtor availed the loan facility from the financial creditor and the appellants were the personal guarantors for the same. The accounts of the corporate debtor were classified as the NPA in 2015, and the DRT issued the debt recovery certificate after concluding the debt recovery proceedings in 2019.

Subsequently, the financial…

Two directors behind various high-profile franchises in Ireland have been restricted in acting as company directors for five years after the High Court found they had failed to act responsibly in their roles as directors of one company, Downtul Ltd, which ultimately went into liquidation.

Downtul Ltd leased a premises to Atercin Liffey Unlimited Company, which operated a Starbucks in a prominent location at St Stephen’s Green in Dublin. Atercin occupied the property rent-free for 2.5 years while also obtaining support from the government to deal with the effects of the Covid pandemic. However, the court noted that during that period Downtul Ltd, the entity responsible for paying the rent, failed to receive any “contribution from…

She paid £50 of her own money to secure the booking and began fundraising through a JustGiving page and a collection at her workplace.

“I’ve raised nearly £1,000, about £500 in cash and the rest online,” she said. “I was literally about to pay the rest last week. I’m so glad I didn’t.”

The skydive was especially meaningful for Ms Cann, who was fundraising in memory of her father-in-law, Roger Cann, who died at Rowcroft Hospice on 13 December.

“They’re like angels in disguise,” she said of the hospice staff. “Everyone gave money thinking I was going to do this skydive, and now I feel really bad for them,” adding she was determined to complete a skydive elsewhere.

Rosie Dawson, from Dawlish, said her niece had been expecting to jump on…

The major bank is following regulator recommendations and implementing student debt servicing assistance to help boost home ownership.

NAB will no longer consider Higher Education Loan Program (HELP) debt in home loan servicing if they owe $20,000 or less, effective from 31 July.

Matt Dawson, NAB’s executive for home ownership, said these changes will help get more first home buyers into the market.

However, he also recognised that supply remains a key challenge, calling on “collaboration across the board” to help address these issues.

Last month, APRA set a start date for its guidance on the servicing of HELP debt when assessing home loan applications, kicking off on 30 September 2025.

Back in…

(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…

The e-auction to sell Eurotas Infrastructure Limited (EIL), currently under liquidation, has been relaunched after the earlier notice dated July 22, 2025, was withdrawn. The fresh e-auction, scheduled for August 28, 2025, will offer the company on a going concern basis or allow the sale of its movable assets on a collective basis.

As per the latest sale notice issued by the liquidator, Huzefa Fakhri Sitabkhan, the sale will be conducted via the IBBI-approved e-auction portal https://ibbi.baanknet.com, between 2:00 pm and 3:00 pm.

The key assets of EIL include:

• 36.37 hectares of sub-leasehold land in Additional Sinnar Industrial Area, MIDC, Musalgaon, Sinnar, Nashik, Maharashtra
• An under-construction cement…

As promised, Labor’s first act in the 48th parliament was to cut 20 per cent off all student debt. It’s a long-overdue move and undeniably welcome. Students have spent years shouting into the void about the rising cost of degrees, and this announcement suggests that some people in Canberra might finally be listening. Or, at the very least, want to look as if they are.

But if this is the government’s headline act – the big proof that they’re listening to students – then we’ve got a serious problem. The 20 per cent cut will help, as will the higher threshold and tweaked rates for repayment, but these steps don’t come close to fixing the structural mess that got us here. The core problem remains: students are still…

In a recent case, the Madras High Court ruled that the petitioner company need not undergo the process of giving reply to the impugned show cause notices since, in any case, it is going to result only in launching of a prosecution against the petitioner company and its new management. It was observed that the interpretation of “going concern sale” under Regulation 32 of the Liquidation Process Regulations must align with section .53 of Insolvency Bankruptcy Code(IBC), 2016.