More than 31,500 people in Scotland sought support from StepChange Debt Charity during 2020. And more than 11,000 went through a full debt advice process last year as the pandemic impacted peoples finances, according to the charitys latest Scotland in the Red update. Average client rent arrears rose 43%, which StepChange said was one of…
DetailsThe Committee of Creditors (CoC) of Rohit-Ferro Tech Ltd has declared Tata Steel Mining as the successful resolution applicant for the insolvent ferro alloy manufacturing company TopicsTata Steel|mining activity|Indo Borax Chemicals IANS | Mumbai Last Updated at June 7, 2021 12:21 IST In yet another acquisition for Tata Steel under the Insolvency and Bankruptcy Code,…
DetailsOn 7 June 2021, the Maritime and Commercial High Court declared Gefion bankrupt.Policyholders must report their claims to the claims handlers mentioned in their policy. Further information can be found on the homepage of the bankruptcy estate, www.gefioninsurance.com. Furthermore the bankruptcy means that policyholders can cancel their policy, if they wish to do so. The…
DetailsThe Uniting Church in Australia’s Tasmanian synod has urged the government to swiftly progress the passage of legislation to prevent interactive gambling providers from directly or indirectly accepting credit card payments. A Senate inquiry has been tasked to examine the bill and its due to provide its final report to Parliament on July 30. The…
DetailsA Sydney director whose companies owed creditors more than $3.1 million has been banned from managing companies for two years. ASIC has disqualified Grant Evan Donley of Sydney, NSW, from managing companies until 25 May 2023 for his role in the failure of Conceptual Interiors NSW Pty Ltd, Conceptual Interiors Group Pty Limited, and Conceptual…
DetailsDebt can creep up on you like a thief in the night. It starts innocently enough perhaps you let your credit card balance roll over for a few months or take out a personal loan to tide you over until payday. The next thing you know, your mailbox is bulging with bills. If you are…
DetailsWhile its committee of creditors as well as the RBI and the CCI, have given their approval to the resolution plan put forward by the Piramal Group, the plan is awaiting the NCLT TopicsDHFL|Housing Finance|NCLT Mortgage lender Dewan Housing Finance Limited (DHFL) has reported a net profit of Rs 97 crore on a standalone basis…
DetailsJun 03 2021, 8:28 AMJun 03 2021, 5:52 PMJune 03 2021, 8:28 AMJune 03 2021, 5:52 PM cThe Insolvency and Bankruptcy Code, 2016 has emerged as the most impactful legislation for enforcement actions by creditors against corporate debtors. Its interpretation has not been without controversy for that you may thank the ingenuity of various stakeholders…
DetailsA Taiwanese businessman who used to own one of the worlds biggest shipping empires before losing almost everything in the financial crisis is seeking to leave Britain after years of legal disputes and a spell in prison. Nobu Su, who was released from Pentonville prison in April last year having been detained for breaching a…
DetailsTata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday. TopicsTata Steel|Mining industry Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said…
Details