The Insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) aims to enhance the efficiency of the personal guarantors insolvency process with three significant measures. These proposed measures, currently open for public comments until October 19, include mandatory creditors meetings for all personal guarantor insolvency cases, allowing a single resolution professional to handle both personal…
Saturday, 30 September 2023, 8:40 pmPress Release: Hugh Grant Debt relief can be defined as the reorganisation of a borrowers debts. This organisation makes the debts easier to repay and it takes the individuals financial circumstances into account. In this article, we dive into the topic of debt relief by discussing what it is, what…
End of an Era: China’s Real Estate Tycoon Hui Ka Yan Faces His Downfall (Photo: Evergrande Group Website) Following Evergrande’s deepening debt crisis, the fate of Hui Ka Yan, also known as Xu Jiayin, often referred to as the “Chinese real estate magnate,” has taken a dramatic turn. On the evening of September 28, China…