The infamous “dirty dozen” and the future of IBC

The Supreme Court’s recent judgment in the matter of Kalyani Transco v. Bhushan Power & Steel Ltd has generated substantial interest and curiosity among stakeholders, prompting speculation regarding the future of the Insolvency and Bankruptcy Code, 2016 (IBC/Code). Although the Code is still in the process of  evolution, its functioning occasionally exhibits both excitement and  disappointment, while…

Apex Court To Hear JSW Steel’s Plea Challenging SC’s Earlier Verdict On Bhushan Power’s Liquidation Today

JSW Steel’s legal battle over the Bhushan Power and Steel (BPSL) resolution continues, as the Supreme Court is set to hear the company’s review petition today. The petition challenges the apex court’s May 2 verdict, which dismissed JSW Steel’s Rs 19,300 crore resolution plan for the acquisition of BPSL, reported Moneycontrol. The case stems from…

Insolvency appointments May 10 to 23 2025

Firm Appointee/Solicitor Role Company Name Published Date RSM Jerome Mohen administrator Supersett Constructions Pty Ltd (Administrators Appointed) 26/05/2025 Hall Chadwick Aaron Dominish liquidator Mobile Pipe Solutions Ltd (In Liquidation) 23/05/2025 Hamilton Murphy Advisory Stephen Dixon liquidator Split Horizon Pty Ltd 22/05/2025 WA Insolvency Solutions Jimmy Trpcevski liquidator Loop2 Digital Pty Ltd 22/05/2025 Worrells Mervyn Jonathan…

Lucapa enters voluntary administration – Australian Mining

The 113 carat gem-quality white diamond found at Lulo. Image: Lucapa Diamond Company KordaMentha has been appointed as voluntary administrators to Lucapa Diamond Company, owner of the Merlin diamond mine in the Northern Territory. Lucapa first acquired Merlin in 2021 for $8.5 million, marking the project as the second Australian prospect to join the company’s…

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