With IBC Amendment Bill, govt hopes to expedite insolvency process, maximise value: Key takeaways | Current Affairs

Amendment to the Insolvency and Bankruptcy Code (IBC) The proposed amendment to the IBC aims to enhance the efficiency and governance of insolvency processes while aligning with international best practices. The amendment seeks to address various challenges faced by the current framework. Key Objectives Reduce procedural delays and maximize stakeholder value. Introduce out-of-court mechanisms for…

Debts increase to $35m | Otago Daily Times Online News

Another business linked to Christchurch property developer Andrew Bendemski has folded, leaving a string of connected companies owing at least $35 million to creditors. Among failed projects was a Wanaka development with consent to build about 60 townhouses near the lake waterfront, which went to mortgagee sale last year. This was owned by Stoney Creek…

Self-deportation in US: Trump administration offer migrant children $2,500 to voluntarily leave US

Wia dis foto come from, Andrew Harnik/Getty Images 5 October 2025 Di Trump administration dey offer unaccompanied migrant children $2,500 to voluntarily comot from di United States, according to one letter wey dem send to migrant shelters, wey Reuters see. Officials of Immigration and Customs Enforcement (Ice) under di Department of Homeland Security (DHS) confam…

Michael J Lonsdale administrators still chasing outstanding debts and retentions as former staff await payout

Restructuring experts, Begbies Traynor, said its team was preparing to “move the company into liquidation” in the latest update since the £250 million London contractor entered administration in October 2023, after close to 40 years of trading.  More than 300 people were employed at Michael J. Lonsdale (Lonsdale) when it collapsed, buckling under several pressures at…

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No Cookies To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to…