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Mediation to lower burden for NCLTs & speed up resolutions, say lawyers

Lawyers believe mediation will reduce burden on NCLTs, resolve disputes between operational creditors and defaulting companies faster, especially benefiting manufacturing and real estate sectors. An expert committee recommended voluntary mediation framework under IBC, settling 26,000 applications with Rs 9.33 lakh crore debt before admission at NCLT. ....

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It's the worst time to buy a home in a generation, US survey shows – Hartford Courant

U.S. consumers are seeing home buying conditions at their worst in a generation as mortgage rates soar in response to the Federal Reserve’s aggressive tightening cycle. About four in five consumers now describe buying conditions for homes as bad, a record in data going back to 1978, according to the University of Michigan's consumer sentiment survey for November. The number of people who . ....

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Economic Woes Worsen as Support for Xi Jinping's Leadership Begins to Falter

The relentless cascade of bad economic news in China has not only cast doubt on the governance ability of the Xi Jinping leadership, but has also called into question the long-term viability of the Chinese economic model, which stresses maintaining party-state control of the market and limiting international access to sensitive sectors such as finance. Given supreme leader Xi’s Maoist-style … ....

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