Yet again, the Supreme Court of India has said that if the National Company Law Tribunal (NCLT) is satisfied that a default has occurred, then it has no option but to admit an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The tribunal has no discretion in such matters, it said…
The Congress on Friday attacked the government over the low debt recovery under the Insolvency and Bankruptcy Code and asked whether it was a mechanism to rescue stressed firms or another tool for organised loot”. The Opposition party also asked whether the Insolvency and Bankruptcy Code (IBC) was aimed at helping cronies for creating monopolies…
Normal text sizeLarger text sizeVery large text size Three million Australians who were hit with a 7.1 per cent increase in their HECS debt last week will now also find it more difficult to secure a home loan. As of September, banks were made to include the HECS or HELP debt in debt-to-income ratios, meaning…