Mumbai, July 24 (UNI) The Anil Ambani-led Reliance Power and Reliance Infrastructure issued a statement today that raids carried out by the Enforcement Directorate (ED) “have absolutely no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of the companies.”
“The media reports appear to pertain to allegations concerning transactions of Reliance Communications Limited (RCom) or Reliance Home Finance Limited (RHFL), which are more than 10 years old,” the statement mentioned.
“It is clarified that Reliance Power is a separate and independent listed entity with no business or financial linkage to RCOM or RHFL,” the statement clarified.
“RCOM has been undergoing the Corporate Insolvency…
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A Del Taco franchise took a risky, million-dollar move. Now, it’s bankrupt.
Matador Restaurant Group, a South Carolina-based operator of Del Taco locations in Georgia and Alabama, filed for Chapter 11 protection last week.
It’s the latest restaurant brand to collapse under financial pressure. The past year has been notably brutal for chains that cater to low- and middle-income diners.
And it adds to a string of troubles for Del Taco itself.
The brand — which competes with Taco…
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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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Martine McCutcheon appeared to have a golden financial future at the height of her fame thanks to roles in EastEnders the hit movie Love Actually.
But MailOnline revealed exclusively on Saturday how she had gone bankrupt for a second time while her company owed £175,000 to the taxman.
The astonishing reversal in her fortunes after a career – which included having a number one single and an Olivier Award as a West End stage star – have led to questions about what happened to the millions of pounds she earned.
Now we can disclose that friends believe her money was frittered away thanks to her high spending habits and her acting work largely drying up in recent years.
McCutcheon, 49 has previously admitted being obsessed with buying luxury…
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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:
1. Open the settings menu by clicking the hamburger menu in the top right
2. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally”…
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Dutch tech company CE-Line, developer of sensor technology for greenhouse horticulture, has been declared bankrupt. The international branch, CE-Line International, is also in a state of bankruptcy. The trustee is investigating a potential restart, and interested parties are invited to come forward.
The CE-Line system, developed by the scale-up from Emmeloord in the Dutch province of Flevoland, enables real-time laboratory analysis of nutrient levels in irrigation and drainage water. The company developed a ‘plug-and-play’ measuring system that can be connected to the grower’s existing water supply, but also be used in water-saving and recycling processes, such as wastewater reuse. After an intensive development and…
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The National Company Law Tribunal (NCLT) Mumbai bench of Shri Anil Raj Chellan (Technical Member) and Shri K. R. Saji Kumar (Judicial Member)has held that the Adjudicating Authority cannot direct realisation of security interest under section 52(5) of the IBC when the Secured Creditor has failed to establish any resistance from the Corporate Debtor or any connected persons in realising the security interest. In this case, the assets sought to be charged in favor of the Creditor could not even be traced, therefore the NCLT refused to allow the application seeking distribution of the sale proceeds in favor of the Applicant.
The Present Application has been filed under section 52(5) of the Insolvency and Bankruptcy Code, 2016…
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The Dutch arm of Taco Bell has been declared bankrupt, marking the fast food chain’s second collapse in the Netherlands in less than a decade, RTL reports. Ten restaurants across the country, including in Amsterdam, Rotterdam, and The Hague, have been forced to close. However, the company said it remains committed to keeping the restaurants open.
On Wednesday, the Rotterdam district court officially declared T Bello Nederland bankrupt. The company operated all Dutch Taco Bell locations under a franchise agreement with a British operator. Dutch bankruptcy trustee Maarten Jansen has been appointed to oversee the proceedings, though he was not immediately available to give RTL a comment.
The collapse comes after a period of financial turmoil…
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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.
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A major change from NAB will soon allow some customers with outstanding student debt to enter the property market or buy a new home sooner.
From 31 July, NAB will make it easier for some customers to obtain a home loan if they have a HELP (Higher Education Loan Program) debt of up to $20,000 or less.
For those applicable, the debt will not be included in NAB’s home lending assessment.
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The bank said the change is especially designed to enable first home buyers to get into the property market, making HELP debt less of a barricade.
NAB executive for home ownership, Matt Dawson, said for too long, student debt has been a roadblock for many…
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NAB lifts borrowing power for first-home buyers with HELP debt change Australian Broker News
