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Posted on September 14, 2022

In Ananta Charan Nayak v. Right here, new NCLAT, The fresh Delhi refused the fresh new contention of one’s appellant this got submitted a-one time settlement proposition on the financial collector, that has been pending choice, and therefore, brand new Adjudicating Power ought not to keeps enacted an admission purchase with the a software significantly less than Part eight of your own Code. The fresh NCLAT, The fresh Delhi detailed that when funds will be hit, then your appellant would have to just take recourse in order to Area 12A of one’s Code.

Inside Bhatpara Local government v. Nicco East Private Minimal & Anybody else, new NCLAT, The new Delhi kept that auction buyer can not be held responsible to pay such dues regarding the period prior to the confirmation from selling. Here, the market-customer are presented with a consult notice out of a great property fees five days following the public auction business is complete underneath the Password. The new NCLAT, New Delhi listed the an excellent expenses of property taxation relevant with the months prior to the deals confirmation, is actually dues which can be similar to allege out of https://onlineloanslouisiana.net/ a keen unsecured collector (Bhatpara Town in the modern situation) and should feel discharged with regards to the attributes off delivery regarding assets given below Section 53 of the Password. The newest NCLAT, This new Delhi next indexed you to towards a conjoined learning from Regulation 34(2)(f) and you can Regulation 13 of your own Liquidation Legislation, the liquidator, when you are entry a primary are accountable to this new Adjudicating Power into the resource memorandum, must give the new observe of the Adjudicating Power people liabilities depending on the assets. (more…)

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Posted on September 23, 2022

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The financial aid office at Fitchburg State College has received dozens of calls every day since the Massachusetts Educational Financing Authority made its announcement.

FSC Dean of Enrollment Management, Pam McCafferty, said the MEFA announcement has left parents and students scrambling to find new loans in order to meet upcoming tuition due dates.

“The biggest problem, or the biggest impact this has had on our families is the confusion it’s caused,” she told the Sentinel & Enterprise recently.

MEFA Executive Director Tom Graf released a statement explaining the nonprofit authority was unable to secure money in time for loans in the upcoming fall semester.

Graf advised students and families to work with college financial-aid officers and to exhaust all federal and state money they qualify for before seeking private loans.

McCafferty said MEFA had earlier announced it could face some financial trouble, so FSC’s financial-aid office sent out mailings to students and parents to advise them to consider possible alternatives.

MEFA loans were popular among parents of FSC students, with about 56 percent of them using MEFA financing to pay for college costs, McCafferty said.

The school can help parents maximize what they get in federal money, such as the parent PLUS loan, which has a fixed interest rate of 7.9 percent, she said.

“The federal government has made some good changes in repayment policies,” she said. “The parent can actually now defer payment until after the student graduates.”

Antonucci called the MEFA failure “unacceptable,” saying it came at a time when families should be starting to get excited about going off to college.

“You don’t put parents and students in that situation this late in the game,” he said. “It’s not insurmountable, but it is a distraction. It just adds another obstacle.”
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