Tax Guru2d
CoC decision to liquidate accepted as Corporate Debtor has no assets: NCLAT Delhi
NCLAT Delhi held that CoC decision to liquidate the Corporate Debtor is acceptable as corporate debtor has no assets and thus CIRP Period only implies zero returns. Thus, adjudicating authority order ...
Lenders and borrowers tussle over personal guarantees on distressed deals
As cycle plays out, personal guarantees from Chetrits, Aby Rosen are coming into play, giving lenders more grist for lawsuits ...
Khaleej Times9d
New UAE insurance rules: Direct payments, claim payouts start February 15
From February 15, insurance customers in the UAE will have to make direct payments to insurers instead of going through ...
South Hadley woman fighting bank to recover $20K lost in alleged scam
An 84-year-old South Hadley woman claims she was scammed out of nearly all her life savings. She has now turned to Western ...
Adelaide 500 sponsor Vailo has been hit with an enormous debt claim in the Supreme Court
Vailo, the sponsor of the Adelaide 500 racing car festival, is being sued for more than $23m by a Chinese-backed property ...
Tax Guru14d
Delhi HC Orders Custom dept to Release Bank Guarantee with Interest
This case marked the second round of litigation after a prior judgment in December 2023, which had directed Customs to release the bank guarantee with interest due to delays in finalizing the ...
Post-Courier19d
Kina Bank lending officers get credit guarantee service training
Facilitated by CGC’s business operations manager Tony Deklin, the training focused on the eligibility criteria for SMEs, the processes involved in leveraging CGC’s guarantee services, and how these ...
cnbctv1819d
Bandhan Bank receives claim payout of ₹290 crore under credit guarantee fund for micro units scheme
Kolkata-based private sector lender, Bandhan Bank has received a claim payout of ₹289.59 crore under the credit guarantee fund for micro units (CGFMU) scheme, the bank said in a regulatory filing.
ndtvprofit19d
Bandhan Bank Receives Rs 290-Crore Claim Payout Under CGFMU Scheme
Bandhan Bank Ltd. has received a claim payout of Rs 290 crore under the credit guarantee fund for micro units scheme, the bank said in an exchange filing. This is computed as Rs 314.68 crore assessed ...
Business Line19d
Bandhan Bank shares gain after it announces receiving claim payout of ₹289.59 cr under CGFMU scheme
Shares of Bandhan Bank gained nearly 1 per cent on Wednesday after the private sector lender announced that it has received a claim payout of ₹289.59 crore under the Credit Guarantee Fund for ...
Reuters21d
Zelenskiy says security guarantee would need at least 200,000 peacekeepers
The prospect of a rapid settlement has focused minds in Kyiv and Europe on the urgent need for security guarantees to prevent any future Russian attack, with the idea of peacekeeping force ...
Mail & Guardian22d
Ithala liquidation: Government guarantees depositors’ funds
The National Treasury has assured depositors of Ithala SOC Limited that their deposits will be protected by a government guarantee after ... liquidation of the bank. The Prudential Authority ...