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Deputy Prime Minister and Foreign Minister Ishaq Dar speaks at the high-level political forum on sustainable development at the United Nations, on July 21, 2025. — X@ForeignOfficePk
NEW YORK: Deputy Prime Minister and Foreign Minister Ishaq Dar stressed that sustainable development in developing countries depends on debt relief and grant-based financial support.
Dar was addressing the high-level political forum on sustainable development at the United Nations.
He said that Pakistan is firmly committed to the 2030 Agenda and has undertaken transformative initiatives to drive inclusive…
Last month, Dalmia Cement (Bharat) Ltd also filed a notice with CCI seeking approval to acquire 100 per cent stake in JAL, including its assets and shareholding in subsidiaries, associate companies and joint ventures.
According to a notice filed with CCI, the proposed acquisition would be carried out by Adani Enterprises Ltd (AEL) and Adani Infrastructure and Developers Pvt Ltd, or any other entity within the group….
Legislation was introduced to parliament on Wednesday to slash HECS debts by 20 per cent and increase income thresholds before minimum repayments kick in.
It is expected to be passed with the support of the opposition in the coming weeks.
Prime Minister Anthony Albanese credited the bill as a key reason behind Labor’s victory in the May election.
No positive STI results to date as testing of children in case of accused Melbourne childcare paedophile continues
Benita Kolovos
All children tested so far for sexually transmitted infections after coming into contact with accused childcare paedophile Joshua Dale Brown have tested negative, the Victorian deputy premier, Ben Carroll, has told reporters.
Carroll this afternoon said he’d received the advice from staff at the Royal children’s hospital:
I’ve even spoken with people involved at the Royal children’s hospital that I think they’ve tested just about everyone, but I can get that clarified, and all the tests have been negative. And this is something we hoped for and wished for.
Case Title: Bhadra International India Pvt. Ltd. & Ors. v. Punjab national Bank & Ors.
Citation: 2025 LiveLaw (Del) 823
The Delhi High Court has dismissed a petition while upholding that if a borrower has already approached the Debt Recovery Tribunal (DRT) under the SARFAESI Act, for a one-time settlement, a writ seeking the same relief under Article 226 of the Constitution is not maintainable.
NCLAT
Case Title: Satish Chander Verma v. Grand Reality Pvt. Ltd. & Ors.
Case No.: Company Appeal (AT) (Ins.) No. 289 of 2023 & I.A. No. 1401, 3827 of 2024 with Contempt Case (AT) No. 14 & 15 of 2024
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Yogesh…
The National Company Law Tribunal (NCLT), New Delhi Bench, has dismissed an application for the dissolution of Shakti Bhog Snacks Limited (the Corporate Debtor) under Section 54 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by Umesh Gupta, the Resolution Professional (RP) for Shakti Bhog Snacks Limited.
The tribunal in its order dated 30 June 2025 said that allowing dissolution of Shakti Bhog Snacks despite pendency of case in PMLA court would amount to judicial overreach and would impair Enforcement Directorate’s ability to complete the trial and recover proceeds of crime. The NCLT further said that insolvency resolution process cannot be used as a mechanism to frustrate or sidestep the…
Labor has introduced legislation to parliament to wipe 20 per cent off everyone’s HECS debts. (Source: Getty)
The federal government has introduced legislation to parliament to wipe 20 per cent off the value of the country’s collective student loan debt. It was one of Labor’s big election promises, and the party is finally making good on that pledge.
A poll of more than 3,000 Yahoo Finance readers found 51 per cent of people felt they would never fully pay off their HECS debts by themselves or without government support. Once this measure is passed, a person with an average loan of $27,600 will have around $5,520 taken off their total.
“This is another way my government is continuing to deliver cost-of-living…
Latest figures revealed by the Insolvency Service show that £57.5 million has been returned to the UK economy in the past year, and over 69,000 people have been supported through emergency redundancy payments.
The Annual Report and Accounts show that Insolvency Service Official Receivers handled 10,817 new insolvency cases during 2024-25 , this has resulted in a return of £57.5 million to the economy through distributions to creditors and debtors.
Additionally, there has been continued support for those who have lost their jobs unexpectedly, where their employers cannot pay their redundancy period.
For example, the Redundancy Payments Service, has processed more than 69,000 payments in the past year. The service…
The Australian Securities and Investments Commission (ASIC) has announced a probe into credit repair and debt management services amid reports of dishonest practices.
The investigation aims to weed out those exploiting financially vulnerable consumers by not meeting debt management terms, charging high fees, or not communicating adequately with customers.
ASIC said it is concerned some licencees are engaging in these unfair practices that can leave these customers worse off.
There are around 100 organisations in the sector offering these services that will come under the regulator’s scrutiny.
ASIC commissioner Alan Kirkland said there have been multiple reports of these debt management firms not…
