The National Company Law Appellate Tribunal (NCLAT) is set to hear the IDBI bank‘s plea against Zee Entertainment related to insolvency proceedings on Thursday. “Learned Counsel for Appellant prays for and is allowed a weeks time to file the Additional Affidavit,” said the NCLAT bench, comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra, reported…
The property sector in China, which once accounted for about 30 per cent of the countrys GDP, is deeply connected, not just to its banking system, but its shadow banking sector, or trust industry. The trusts raise funds from households and companies by offering far higher returns than conventional banks (as much as 8 per…
(Bloomberg) — Digital health firm Babylons UK business has been rescued by a US provider of in-home testing kits as part of an insolvency process. Most Read from Bloomberg Babylons UK arm, which provides doctor appointments to private and National Health Service (NHS) patients, has been sold to eMed Healthcare in a move that should…
The average time taken for resolution or liquidation of bad loans facing corporate insolvency resolution process (CIRP) has increased to a three-year high for all stakeholders in the first quarter of the current fiscal, says a India Ratings and Research report. The timelines for the resolution of cases under CIRP or Insolvency and Bankruptcy Code…
Street Talk Aug 31, 2023 5.00am While the attention has been firmly on GenesisCares up-for-sale operations in the United States, some lenders are beginning to toy with the idea of a voluntary administration for the cancer services providers local operations. GenesisCare is the largest operator of cancer care clinics in the country. Michele Mossop It is…
Picture: Edex Live EdTech firm BYJU’S has confirmed that the firm has undertaken a restructuring of businesses and as part of it, three top executives have resigned from the firm. In a statement to The New Indian Express, a spokesperson from BYJU’S said, “As BYJU’S continues to chart its path to profitability and sustainable growth, we…
Traffic Commissioners for Great Britain Published 29 August 2023 Contents 1. Decision of the Traffic Commissioner 2. Introduction 3. The Call to Public Inquiry 4. The Public Inquiry 5. Relevant considerations 6. Decision Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise…
SACRAMENTO, Calif., Aug. 30, 2023 /PRNewswire/ — Navigating the complicated world of personal finance and mounting debts can feel like an insurmountable challenge. However, with “Debt Busters” on the scene, a new era of financial relief and empowerment is unfolding. Launched in March 2023, this innovative debt relief company not only offers a comprehensive suite…
With loans and credit card payments, it can be difficult to keep track of debt and expenses accurately. A person may forget to repay a loan instalment or find it difficult to manage all their dues every month. In this context, debt consolidation may be the answer. The concept allows borrowers to refinance their debts…
Member Article Struggling North East Business Owners Advised To ‘Look For Help’ After Highest Quarterly Corporate Insolvency Figures Since 2009 The owners of struggling North East businesses are being urged to look for whatever help they need to resolve their financial challenges in the light of new figures showing the highest quarterly rate of corporate…