ABOUT 18 individuals are declared bankrupt every day in this country, with the surge in cases involving youths under 30 years old recording almost 60 percent of the total increase in cases this year.
Senator Datuk Sivaraj Chandran recently said the estimate was made based on a total of 4,875 people who were declared bankrupt in the first nine months of this year, an increase of 5.7 percent compared to the same period last year.
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REVEALED: Latest business liquidations in Yarra Herald Sun
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Economic pressures force Wagga transport giant to call in the administrators The Daily Advertiser
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The Supreme Court has set aside a judgment of the National Company Law Appellate Tribunal (NCLAT) and restored the order of the National Company Law Tribunal (NCLT) admitting an insolvency petition against Dhanlaxmi Electricals Private Limited. The Court held that the defense of a pre-existing dispute raised by the Corporate Debtor was “mere moonshine” and contradicted by its own ledger account and subsequent payments.
The legal issue before the Apex Court involved the initiation of the Corporate Insolvency Resolution Process (CIRP) by an operational creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The NCLT, Mumbai Bench-IV, had admitted the application filed by M/s. Saraswati Wire and Cable Industries….
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Stocks to watch: Keppel Reit, CLI, MPACT, Ultragreen.ai, Ossia The Business Times
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As we mark the 16 Days of Activism Against Gender-Based Violence under the 2025 theme “Break Barriers, Build Safe Spaces”, we must confront the uncomfortable intersections of addiction and violence that shatter South African families.
While physical and emotional abuse often receive the most attention in conversations about domestic violence, another equally destructive force frequently goes unnoticed — the effect of problem gambling on families and relationships. This often-hidden issue is not simply a personal struggle but is deeply intertwined with cycles of abuse within families.
The toxic relationship between gambling addiction and domestic violence creates devastating consequences for adult victims, who may endure not only…
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As we mark the 16 Days of Activism Against Gender-Based Violence under the 2025 theme “Break Barriers, Build Safe Spaces”, we must confront the uncomfortable intersections of addiction and violence that shatter South African families.
While physical and emotional abuse often receive the most attention in conversations about domestic violence, another equally destructive force frequently goes unnoticed — the effect of problem gambling on families and relationships. This often-hidden issue is not simply a personal struggle but is deeply intertwined with cycles of abuse within families.
The toxic relationship between gambling addiction and domestic violence creates devastating consequences for adult victims, who may endure not only…
Read the original article here
The BoT told the Cabinet it supports the “Clear Debt, Move Forward” scheme as a public–private cooperation to help small borrowers with relatively low non-performing balances resume debt repayment, close their bad loans more quickly and rebuild a good repayment record.
The central bank also raised no objection to additional, tailor-made restructuring measures by SFIs, noting that SFI clients are often more vulnerable than commercial bank borrowers and may need softer terms. These SFI-specific measures may include:
