The much-awaited bill to amend the Insolvency and Bankruptcy Code (IBC) was introduced in the Lok Sabha on Tuesday by Finance Minister Nirmala Sitharaman, who said that the proposed changes are aimed at reducing delays, maximising value for all stakeholders, and improving governance of all processes under the Code. The proposed modifications include provisions to…
PixelBiss / Shutterstock.com Several subsidiaries of the Brabant shoe brand Van Lier have been declared bankrupt and its web shop is offline. The parent company is also reported to have filed for bankruptcy. No surprise The webshop of shoe brand Van Lier has been taken offline and several subsidiaries appear to have been declared bankrupt:…
Melbourne: Cricket Australia (CA) chief executive Todd Greenberg has cautioned that some countries may go bankrupt if they persist in playing Test cricket, adding that he sees a future where fewer nations are featured in the game’s longest format. As of now, nine teams compete in the World Test Championship (WTC), but a working group…
German plastic recycler Saperatec files for insolvency Sustainable Plastics Read the original article here
An error has occurred Your request was blocked by Link11 Web Application Security.If you believe this is the result of an error, contact the administrator of www.tipranks.com. ID: 32777c1cb3d2512f061a1d040ecba2ef, IP Address: 110.232.115.214, Status Code: 471Timestamp: 2025-08-13T07:18:27.955249517+00:00 Read the original article here
Groupcard provided prepaid cards to Dutch municipalities for welfare recipients, informal carers and volunteers. Now it is bankrupt, the cards are worthless and consumers and municipalities have lost money. Associate Professor Jessie Pool is investigating whether vulnerable people need better protection in bankruptcies. The main activity of the bankrupt Groupcard, a company based in Aalsmeer,…
KordaMentha allegedly used confidential information it obtained when it was appointed to review a major Melbourne recycling business to pitch the company as an acquisition target for Cleanaway Waste Management. The claim was made by a rival advisory business PKF, which was appointed liquidators of SKM when it collapsed in 2019. The lawsuit, filed in…
DJK provided transport services locally and interstate. Image: Anna/stock.adobe.com Sydney-based DJK Transport has called time on operations after 57 years in business. According to an ASIC notice, DJK Transport, A K G Trucking and Round Em Up Transport all went into voluntary liquidation on Friday, August 8, after a restructuring practitioner was appointed in June. All…
More than 4,000 civil servants declared bankrupt since 2020 NST Online Read the original article here
KUALA LUMPUR, Aug 13 — The Malaysian Department of Insolvency recorded 4,194 bankruptcy cases involving civil servants between 2020 and June 2025, about 0.3 percent of the nation’s 1.6 million public sector workforce. Deputy Finance Minister Lim Hui Ying said the Credit Counselling and Debt Management Agency (AKPK) offers advisory services, financial management assistance and…