New Delhi: Insolvency tribunal NCLT on Monday once again extended the deadline to complete the resolution process of grounded airline Go First by another 60 days. This is the third extension given to Go First by the National Company Law Tribunal (NCLT) from April 4 to June 3.A two-member bench of the Delhi-based NCLT admitted…
DetailsCredit card debt relief can work for the right person, but it may not be the best fit for every borrower. Cavan Images Today’s high interest rate environment is making borrowing money expensive, and while there could be rate cuts later this year, it’s looking less likely right now. Not only has inflation remained persistent, but…
DetailsBarclays PLCs BCS business restructuring and cost-mitigating efforts are likely to aid growth and boost operating efficiency. The companys recent inorganic expansion initiatives are expected to further boost its profitability. However, uncertainties in the capital markets are likely to impede revenue growth to some extent. BCS initiatives to enhance operating efficiency over the last few…
DetailsKatie Price pictured with her new man JJ Slater. (Getty) The Mucky Mansion has been a big part of Katie Price‘s life and the property has hit headlines over the years from break-ins and a rat invasion. Price was recently declared bankrupt again and now it is rumoured she could be leaving the place she…
DetailsThe National Company Law Tribunal (NCLT) on Monday granted another 60-day extension to Go First to complete its insolvency process. The recent extension by the NCLT was based on a Supreme Court judgement in the Essar Steel case, which allows extensions under exceptional circumstances. This is the third extension sought by Go First. The NCLT…
DetailsBus manufacturer Van Hool has been declared bankrupt. The information has been stated by the manufacturer itself this morning, 8th April, and the topic got high attention on local media, in particular from De Standaard. The company is set to be taken over by Dutch VDL and German Schmitz Cargobull, but together they would only…
DetailsA nonprofit group called R.I.P. Medical Debt has relieved Americans of $11 billion in hospital bills. But that did not improve their mental health or their credit scores, a study found. Over the past decade, R.I.P. Medical Debt has grown from a tiny nonprofit group that received less than $3,000 in donations to a multimillion-dollar…
DetailsHigher education financing allows many Americans from lower- and middle-income backgrounds to invest in education. However, over the past 30 years, college tuition prices have increased faster than median incomes, leaving many Americans with large amounts of student debt that they struggle or are unable to, pay off. Recognizing the burden of this debt, the…
DetailsNEW DELHI : In an attempt to revive bankrupt airline Go First, the National Company Law Tribunal (NCLT) on Monday approved another 60-day extension for its moratorium, aiming to give the airline additional time to finalize its corporate insolvency resolution process (CIRP). The extension will be effective 4 April to 3 June, and has been…
DetailsBankrupt glamour model Katie Price is reportedly turning her sights north, with plans to offload her infamous Mucky Mansion. The 45-year-old found herself declared bankrupt for a second time last month due to an outstanding tax bill exceeding 750,000. This follows a previous bankruptcy declaration in 2019, when she faced debts amounting to 3.2 million.…
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