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Central Bank of India, Generali Central Bank of India has entered into joint venture arrangement with Italian insurer Generali Participations Netherlands
Central Bank of India has entered into joint venture arrangement with Italian insurer Generali Participations Netherlands N.V. and other Generali Group entities.
Cyril Amarchand Mangaldas advised Central Bank of India on this JV.
Central Bank of India entered into the following agreements:
shareholders agreement with Generali Participations Netherlands N.V. (Generali) and Future Generali India Life Insurance Company Limited (FGILICL);
shareholders agreement with Generali and Future Generali India Insurance Company Limited (“FGIICL”);
Following an application made by the Official Receiver, the court has also appointed Matthew Callaghan, Andrew Johnson, Joanne Hewitt-Schembri and Samuel Ballinger of FTI Consulting LLP as Special Managers of the companies. The Special Managers have been appointed to assist the Official Receiver with the liquidations.
The Official Receiver will wind-up the companies in accordance with his statutory duties. He also has a duty to investigate the cause of the companies’ failure and conduct of current and former directors.
Information for customers and suppliers
If you are a customer of Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited, and Prax Terminals Killingholme Limited please contact the Special Managers…
People take part in a march demanding a UN-led framework for sovereign debt resolution, on the eve of the 4th International Conference on Financing for Development, in Seville, Spain, June 29, 2025. REUTERS/Claudia Greco
Braving the sweltering heat, activists marched through Seville in southern Spain on Sunday, demanding debt cancellation, climate justice, and higher taxes on the super-rich, ahead of a UN summit on financing development that critics argue lacks ambition and substance.
The four-day meeting – held once every decade – promises to take on poverty, disease and climate change by mapping out the global framework for development. But the United States’ decision to pull out and wealthy countries’ shrinking appetite for…
James Hickmann, founder of South Australian-based LED lighting and technology company Vailo, has been declared bankrupt by the Federal Circuit Court in Adelaide after failing to repay a $600,000 loan.
The decision automatically disqualifies Hickmann from managing corporations or holding positions such as director of more than 50 of his companies, including Vailo.
As reported by Adelaide’s The Advertiser, the development follows Marlbury Capital Lending Services Pty Ltd having pursued a sequestration action against the 36-year-old over a claim that he had not repaid a $596,424.20 loan.
The Australian Taxation Office (ATO) had recently joined the legal action as a “supporting creditor” over alleged unpaid taxes.
STAFFORD, Texas, June 26, 2025 (GLOBE NEWSWIRE) — With more Americans overwhelmed by debt and falling behind on payments, Money Management International (MMI) is stepping up with a new solution. The national nonprofit today announced the launch of its Debt Resolution Plan (DRP), a structured option designed for clients who need help but who owe creditors that do not participate in a traditional Debt Management Plan (DMP).
The announcement comes as FDIC filings show consistent growth in charge-offs across lenders and loan products following an extended period of rising debt balances, delinquencies and interest rates.
(June 30): Thailand’s household debt level fell to the lowest since early 2020 after lenders tightened new loan approvals and government unveiled measures to provide relief to millions of borrowers.
The debt level as a ratio of gross domestic product stood at 87.4% in the first quarter, down from 88.4% at the end of last year, according to data published by the Bank of Thailand (BOT) on Monday. An economic expansion of 3.1% in the January-March quarter also helped cut the debt as a percentage of GDP, according to BOT Senior Director Pranee Sutthasri.
The debt in nominal terms fell marginally to 16.35 trillion baht (US$503 billion or RM2.12 trillion) at the end of March from 16.4 trillion baht three months earlier.
