Hemant Mishra/Mint The corporate insolvency and resolution process (CIRP) initiated against Jaypee Infratech Ltd under the Insolvency and Bankruptcy Code, 2016, has triggered an amendment in the insolvency code itself. Earlier, the code did not include homebuyers of under-construction projects as creditors under any category. However, according to the amendment carried out on 16 August,…
Detailsby Innes Willox Revisionism is the latest strategy of the union movement to bolster their power in workplaces and to increase union membership. The ACTU is calling for sweeping changes to the Fair Work Act on the false premise that it took away union rights and treated workers unfairly. The changes that the unions are…
DetailsIt is serendipity that the final suite of insolvency reforms largely inspired by the misconduct of disgraced liquidator Stuart Ariff will be introduced the same month Ariff finishes his parole, after serving a jail sentence on 19 counts of criminal fraud. ASIC Commissioner John Price sees the various reforms, including increased powers to the regulator,…
DetailsQ: My parents took out loans to pay for my college education and I feel guilty that they’re still paying them back. How can I help? A: I’m with you. When I got paltry scholarship aid from my dream school, my parents and I took out loan after loan. Throughout college, I don’t think I…
DetailsWASHINGTON There are two words that can rock people with regret. Just ask them about their student loans. Then watch their faces. They will wince as they disclose how much education debt theyre carrying. Politicians have been promising to fix the growing loan crisis for years, but outstanding student debt has now mushroomed to $1.4…
DetailsIn a recent National Company Law Appellate Tribunal (NCLAT) ruling of Neelkanth Township and Construction Pvt. Ltd. v. Urban Infrastructure Trustees Ltd.[1] (11.08.2017), several issues with regard to the Insolvency and Bankruptcy Code, 2016[2] (IBC) were discussed. One of the issues for consideration before the NCLAT was whether the application under Section 7 of the…
DetailsQuestion: My parents took out loans to pay for my college education and I feel guilty that theyre still paying them back. How can I help? Answer: Im with you. When I got paltry scholarship aid from my dream school, my parents and I took out loan after loan. Throughout college, I dont think I…
DetailsSigns are emerging that the capital inflow from China to Australian property is slowing, but is being offset by Singaporean investors. In the first half of this calendar year, Chinese investment in Australian real estate fell 69 per cent, compared with the same period last year. Hong Kong investors recently bought London’s Leadenhall building (centre), also…
DetailsPM Malcolm Turnbull says it is unacceptable Tony Abbott was passed out drunk for parliamentary votes in 2009 Former prime minister Tony Abbott has defended his past drinking incident saying its an old story. Photo: Mick Tsikas/AAP FROMER Prime Minister Tony Abbott has defended the night of excessive drinking that led to him passing out…
DetailsHomebuyers in Delhi-NCR are preferring ready to move flats in the wake of recent developments in which thousands of investors were not handed over their units by the builders. While more than 32000 investors are facing uncertainty following Jaypee Infratech becoming bankrupt, the process for corporate insolvency resolution under the insolvency and bankruptcy code is…
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