In a bid to make resolution plans more transparent, the Insolvency and Bankruptcy Board of India (IBBI) has amended its regulations, whereby avoidance transactions must be disclosed upfront in the Information Memorandum prepared by the corporate debtor’s resolution professional.

Avoidance transactions include undervaluation, fraud, overvaluation, preferential diversion or a combination of some of these.

Now, all avoidance transactions have necessarily to be included in the Information Memorandum, as per the IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025.

This is now a mandatory part of the resolution plan and cannot be assigned without disclosures. What this means is that avoidance…

A financial advisor recently watched one of his clients lose Rs 18 lakh in just six months. Not to stocks, not to crypto, but to online betting.

Abhishek Kumar, a Sebi-registered analyst and founder of SahajMoney, shared the story in a LinkedIn post. “One of my clients lost Rs 18 lakhs in 6 months,” he wrote. “Not to stocks. Not to cryptos. To online betting.”

The client kept the losses hidden from his wife until the situation had already spiralled. “He had taken a personal loan, and was borrowing from friends,” Kumar added.

The rise of online betting apps, often disguised as harmless fantasy sports or casino-style games, has created a fast-growing but poorly understood problem in India’s digital economy. Flashy…

Announcement of the commencement of liquidation – NP Bar Bilje and KZB Bashkimi”

NEWS

Express newspaper

07/07/2025 15:39

NOTICE TO ALL CREDITORS AND OWNERS OF ENTERPRISES PLACED IN THE LIQUIDATION PROCESS BY THE KOSOVO PRIVATIZATION AGENCY

The Board of Directors of the Privatization Agency of Kosovo has approved the initiation of the…

The shipping industry, being the mainstay of international trade, is not left unaffected by economic highs and lows, which can lead to the downfall of the largest shipping companies. The bankruptcies impact the global chain while showcasing the vulnerabilities and pressures faced by maritime companies to remain competitive.

One of the most notable cases of bankruptcy recently is that of Hanjin Shipping, a South Korean conglomerate which was once the 7th biggest container shipping line in the world.

It was declared bankrupt in February 2017, which shocked the entire sector and led to the stranding of around $14 billion worth of cargo at sea and disrupting supply chains.

However, why did Hanjin…

Tackling household debt alongside interest rate policy

Thailand faces a combination of short-term and structural challenges, including the lingering effects of global trade tensions and persistently high household debt levels, which continue to weigh on domestic consumption.

According to the World Bank’s July edition of the Thailand Economic Monitor, household debt has declined slightly to 87.9% of GDP but remains the highest in ASEAN. Much of this debt is non-productive, such as consumer loans.

Roong said that many Thais, especially younger generations, are incurring debt earlier and for longer periods. Some retirees also remain trapped in the debt cycle due to inadequate financial literacy or unexpected life events.

To address…

1. What bankruptcy means

Bankruptcy is one way for individuals to deal with debts they cannot pay. It does not apply to companies or partnerships.

The bankruptcy process:

• makes sure your assets are shared among those you owe money to (creditors)
• lets you make a fresh start free from debt (with some restrictions)

2. Who can be made bankrupt

A bankruptcy order can be made for one of three reasons:

• you cannot pay what you owe and want to declare yourself bankrupt
• your creditors apply to make you bankrupt because you owe them £5000 or more
• an insolvency practitioner makes you bankrupt because you’ve broken the terms of an individual voluntary arrangement (IVA)

2.1 If you do not live in England or Wales

You…