MUMBAI: Mumbai-based power transmission and distribution company Jyoti Structures has been ordered to be liquidated by the National Company Law Tribunal (NCLT) after lenders could not agree with a resolution plan within the stipulated deadline. The company owed lenders a total of Rs 8,000 crore and was among the 12 companies which the Reserve Bank…
MPs have called for greater support to help UK households that struggle financially, to help them deal with debt and encourage saving. Members of the Treasury Committee also called for the Lifetime ISA (individual savings account) nicknamed ‘Lisa’, to be scrapped due to its “perverse incentives and complexity”. The call came with number of recommendations,…
The Government must take urgent action to help hard-pressed households deal with debt, MPs have warned. A report from the Commons Treasury Select Committee also calls on ministers to act now to tackle a looming crisis caused by 12million people not saving enough into pensions. It comes after figures from the Money Charity revealed Britains…
A Braddon candidate declared bankrupt a decade ago says he won’t pull out from this weekend’s by-election even though he’s likely to be ineligible to sit in parliament. Australian People’s Party candidate Bruno Strangio was declared bankrupt in 2008 – undischarged bankrupts are ineligible to sit in parliament. Bruno Strangio, He was one of 13…