Insolvency Guardian Media Centre
Some public sector banks are not in favour of the government exploring the Insolvency and Bankruptcy Code route for stressed central government enterprises, fearing this would make for a more complicated debt resolution process.
Executives at state-owned financial institutions said the government’s backing and guarantees on Central Public Sector Enterprises (CPSE) borrowings and asset monetisation help them settle claims smoothly without having to write-off large portions of debt.
But if the government’s proposal goes through, lenders fear stressed CPSEs may head to the National Company Law Tribunal (NCLT), where resolutions are often time-consuming…
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Salvation Army helps Luton man achieve debt-free life after years of struggle Luton Today
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Sri Lanka’s new public debt management office getting ready to sell gilts EconomyNext
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1. Introduction
A court has made a disqualification order against you under the Company Directors Disqualification Act 1986 (CDDA), or you have given a disqualification undertaking to the Secretary of State, which has been accepted.
You will also be disqualified under the CDDA if you are subject to the director disqualification sanction. These are very serious matters. You could go to prison if you contravene the order or undertaking.
This publication gives you some idea of what the order or undertaking means. It does not give a complete list of everything you must and must not do, nor does it give you legal advice.
To understand exactly how the order or undertaking affects you, you should always get your own independent…
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TGIF 27 June 2025 – Pooling orders possible in group liquidation, but under what provision? Corrs Chambers Westgarth
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The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that Income Tax Refund received by the bank in the corporate debtor’s account during Corporate Insolvency Resolution Process (CIRP) cannot be withheld on ground and such amount must be remitted to the liquidation bank account of the corporate debtor.
Corporate Insolvency Resolution Process (CIRP) of the corporate debtor, Topsgroup Services and Solutions Limited commenced on 19.02.2021, on an application filed by the Punjab National Bank (International) Limited.
During CIRP of the corporate debtor, the appellant received an amount…
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When businesses find themselves blindsided by crisis, they need experienced guidance to navigate the storm.
Tim Gumbleton, Director in RSM’s Restructuring & Recovery division, brings three decades of expertise to help businesses across Regional NSW and Victoria respond to financial distress, governance challenges and restructuring.
With deep experience across restructuring, dispute resolution, financial management, insolvency and strategic advisory services, Tim works closely with a diverse range of businesses, from SMEs to not-for-profits, Indigenous organisations, and government agencies. His pragmatic, independent approach helps organisations manage financial crises, develop recovery plans, and emerge stronger for the future.
Business…
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He turned a gambling debt into usury for a person, the suspect was arrested in Prizren
Kosovo Police have announced that they have arrested a person in Prizren for usury and organizing pyramid schemes.
The suspect had organized gambling and games of chance, initially putting the Kosovar male victim in debt,…
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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….
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
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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….
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Australian organic certification business enters voluntary administration Queensland Country Life