Synopsis: Diksha Greens hit a 5% lower circuit after NCLT admitted an insolvency plea by Punjab & Sind Bank over unpaid dues of Rs 46.03 crore. The loan, given in 2018, turned NPA in 2019. NCLT has started CIRP and appointed an IRP. With a market capitalisation of Rs 4.34 crore, the shares of Diksha…
Why Has Bowen Coking Coal Entered Voluntary Administration? Bowen Coking Coal, a Queensland-based mining company, has appointed voluntary administrators as of July 30, 2025, putting more than 500 jobs at risk at its Burton Mine near Moranbah. The company’s decision follows a series of financial challenges that have made its operations increasingly unsustainable in Queensland’s…
Bowen Coking Coal has entered voluntary administration, a move that has heightened concerns regarding the future of the coal industry in Queensland, Australia, and the security of more than 500 jobs at the Burton Mine near Moranbah. The company had previously sought a royalty deferral from the Queensland Revenue Office, which was rejected on 29…
State Rep. Corey Paris speaks during a meeting of the Relief for Connecticut Borrowers Working Group on July 29, 2025. Credit: Jamil Ragland / CTNewsJunkie HARTFORD, CT — A bipartisan group of Connecticut legislators, state officials and advocates is seeking ways to provide relief for the more than 500,000 state residents burdened by student loan…
The government has introduced its bill to reduce student debt. Photo: Australian National University. The Federal Government has fired the starter’s gun on the business schedule for the new parliament by introducing its legislation to cut student debt. Labor’s bill seeks to cut 20 per cent off all higher education student debts, with the aim…
The National Company Law Tribunal (NCLT), Ahmedabad bench, comprising Justice Shammi Khan (Judicial Member) and Mr. Sanjeev Kumar Sharma (Technical Member), has initiated the Corporate Insolvency Resolution Process (CIRP) against Blu-Smart Mobility Ltd. (Corporate Debtor) upon an admitted default of Rs.1,28,02,195. Brief Facts Catalyst Trusteeship Limited (Applicant/ Financial Creditor) filed the petition under Section 7…
The photo shows frontline soldiers stationed along the border with Thailand, taken in Oddar Meanchey on July 2. Photo: Sem Vanna PHNOM PENH – The National Bank of Cambodia (NBC) has urged banking and financial institutions to consider financial relief for frontline soldiers and civilians affected by the five days of Cambodia-Thai military clashes. The…
A commercial judge has recalled a warrant for diligence on the dependence by arrestment and inhibition granted based on an action raised in England by a Scottish offshore company after finding that there was no real or substantial risk that justified the warrant’s continuation. James Fisher Offshore Ltd, the respondent to the petition raised by…
Owners of Bowen Basin mine enter administration amid coal price slump MSN Read the original article here
The Ministry of Corporate Affairs (MCA) in response to questions raised by Shri Raghav Chadhahas responded to the Rajya Sabha that as of March 2025, a total of 6,988 cases were pending under the Insolvency and Bankruptcy Code (IBC). And as of now there is no proposal to increase the NCLT benches to avoid the…