The Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments to the Insolvency Resolution Process for Corporate Process regulations, to enhance efficiency and reduce costs, and sought stakeholder inputs by July 10. These amendments are expected to enhance the efficiency and transparency of the Corporate Insolvency Resolution Process (CIRP), and benefiting creditors and other…
If your credit card payments are seriously delinquent, certain strategies are worth exploring now. nui/Getty Images Over the last few months, there have been numerous signs that a credit card debt crisis could be looming, including an uptick in late payments and maxed-out card accounts. And, a report from the Federal Reserve Bank of New…
Former glamour model Katie Price has been declared bankrupt for a second time over an unpaid tax bill of more than 750,000. Ms Price, who was previously declared bankrupt in 2019, owes 761,994.05 to HM Revenue and Customs (HMRC), a court was told on Monday. At a short hearing at London’s Rolls Building, Insolvency and…
2 min read Last Updated : Jun 20 2024 | 11:47 PM IST The IBBI has proposed amendments to the Insolvency Resolution Process for Corporate Process regulations, to enhance efficiency and reduce costs, and sought stakeholder inputs by July 10. These amendments are expected to enhance the efficiency and transparency of the Corporate Insolvency Resolution…
The British-based restructuring firm spun out of KPMG three years ago is to stage another raid on the accountancy giant by acquiring a unit of its French operation. Sky News has learnt that Interpath Advisory is in advanced talks to acquire KPMG‘s restructuring division in France, with a deal possible as soon as next month.…
Australian agribusiness HS Fresh Food, known for its fresh salads, ready-made meals, and pre-prepared vegetable products, has entered into voluntary administration, impacting around 500 jobs. The company, which operates under brands such as Houston’s Farm, Sunfresh, and Gourmet Selections, and supplies to major retailers like Coles and Woolworths, appointed FTI Consulting administrators Vaughan Strawbridge, Joanne…
SKGroupheadquartersbuilding SK Group, South Koreas second-largest business group in terms of total assets, has asked the countrys state-run Korea Development Bank for more funds as it is set to streamline its business to focus on promising growth engines, such as batteries and chips, after years of making ineffective investments. According to sources in the countrys…
RetireAustralia says it is committed to completing the 42 independent living apartments at Tarragal Glen Retirement Village at Erina despite the building company entering into voluntary administration. Stevens Construction (NSW) Pty Ltd, a major Central Coast company, announced on May 27 it had entered voluntary administration after almost two decades in the construction industry. Described…
In short: Construction in Sydney’s ‘satellite’ city, Gosford, is ramping up, but many in the sector are struggling to keep up. While the skyline is filled with cranes, work on some projects remains at a standstill due to structural issues and voluntary administrations. What’s next? Despite some setbacks, several major projects are expected to be complete…
Normal text sizeLarger text sizeVery large text size Five months after it staged a show set in a public bathroom, the Darlinghurst Theatre Companys finances have gone down the toilet, prompting the City of Sydney to offer free rent of a council-owned venue to prop up the ailing arts organisation. Theatregoers are among creditors owed…