Street Talk Dec 3, 2023 7.33pm Mid-market private equity firm Pemba Capitals National Disability Insurance Scheme services provider Oncall is understood to be weighing its options as it battles high debt levels. Oncall is a Victorian NDIS services business that has been expanding nationally under PE ownership. AAP Street Talk understands Oncall, Victorias largest disability and…
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, comprising of Justice Rakesh Kumar Jain (Judicial Member) and Shreesha Merla (Technical Member) has dismissed an appeal and held that claims of a Financial Creditor and members of CoC cannot be reargued once the order of NCLAT has already attained finality. Background Facts On 02/04/2011, Mahal…
New Delhi: Sustainability is set to become a central consideration for debt resolution under the Insolvency and Bankruptcy Code (IBC), in a move that could make India a pioneer in the decision-making process over whether and how to rescue distressed businesses. Rule-maker Insolvency and Bankruptcy Board of India and the ministry of corporate affairs have…
Industry: Financial Services Debts affect everything from getting a car, a home loan, or even another loan. In Australia, there are several lenders that specialise in offering debt consolidation loans to individuals with bad credit. In this article, we will explore the top five companies that provide debt consolidation loans for borrowers with bad credit…
In 1983, Adarsh Engineering Workshop in Savar secured around Tk4 lakh from the local branch of Agrani Bank. Due to non-payment, the loan, including the interest, increased to a staggering Tk11 lakh in 1990. In July 2001, a bankruptcy court declared Md Shahjahan, proprietor of the business, bankrupt and mandated the liquidation of his assets…