The Parliamentary Standing Committee on Finance has called out the Ministry of Corporate Affairs on persistent vacancies in National Company Law Tribunals (NCLTs) leading to delays in corporate insolvency under the Insolvency and Bankruptcy Code (IBC). The committee has also recommended that the IBC be amended to prevent frivolous litigation and non-adherence to deadlines under…
DetailsThe National Company Law Tribunal (NCLT) has dismissed a petition of the promoters of IT firm Rolta India Ltd seeking one-time settlement and regain the control of the company TopicsNCLT The National Company Law Tribunal (NCLT) has dismissed a petition of the promoters of IT firm Rolta India Ltd seeking one-time settlement and regain the…
DetailsShe’s preparing to say ‘I do’ for the fourth time after finding love again with personal trainer Ryan Mahoney – a new chapter in a remarkable reversal of fortune for Kerry Katona. Kerry, who has just moved back to her home county of Cheshire in a 2 million mansion, has transformed her life in the…
DetailsIt is important to know the difference between good and bad debt. Not all debt is created equal and when prioritising which debt to pay off, it can be beneficial to know the difference between good and bad debt. RACQ Banks Eszter Cathcart said good debt should allow you to make money or save money,…
DetailsSarah Douglas has struggled with debt and poor mental health for decades, and says the Covid crisis has made matters worse. The pandemic has aggravated existing issues for people like me, says the 51-year-old from Bristol. Its massively stressful dealing with the uncertainty but for someone prone to mental health problems, its particularly bad. Nine…
DetailsNew Delhi, Aug 7 (PTI) The National Company Law Tribunal (NCLT) has dismissed a petition of the promoters of IT firm Rolta India Ltd seeking one-time settlement and regain the control of the company facing insolvency proceedings. In an order dated August 6, 2021, the tribunal rejected the Section 12 A plea of the promoters,…
DetailsSAN JOSE (KPIX) San Jose Sharks star Evander Kane is under investigation by the National Hockey League after his wife, Anna, alleged on social media that he bet on his games, perhaps even tanking them. How does the NHL let a compulsive gambling addict still play when hes obviously throwing games to win money? Hmm…
DetailsVarious credit cards are displayed in a picture illustration. The economics task force of the Vatican COVID-19 Commission is drawing attention to the need to help families struggling with debt. (Credit: Maxim Zmeyev/Reuters via CNS.) ROME The Catholic Churchs advocacy for debt relief is focused primarily on enabling nations with high foreign debt to provide…
DetailsCo Founders of Relief Relief Team There is a total of $807 billion in credit card debt in America. The average American family has $6,270 in credit card debt, and families with the lowest quartile of net worth (median net worth $310) hold an average of $4,830 in credit card debt. As a result of…
DetailsThe National Company Law Tribunal (NCLT), New Delhi Bench, on Friday, admitted an application for initiating a corporate insolvency resolution process (CIRP) against McLeod Russel India, the largest bulk tea producer in the country. In a stock exchange filing, the company said that an application had been filed by Techno Electric & Engineering Company against…
Details