In a significant move aimed at to bring greater scrutiny to past financial dealings of distressed companies, particularly those termed avoidance transactions, the Insolvency and Bankruptcy Board of India (IBBI) has notified key amendments to the Insolvency and Bankruptcy rules. These changes are effective immediately. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process…
Accountant’s development company owes $1.5m The Press Read the original article here
Companies affected include XIT Distribution and Dicker Data. Esel, the ex-parent company to reseller Mwave, reportedly owes more than $15 million to several major Australian distributors following the company filing for voluntary administration last month. Those distributors allegedly owed money include, Dicker Data, Ingram Micro, XIM, Leader, Synnex, MMT, and Centercom. CRN Australia understands some…
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By HARRY WISE Updated: 22:30 AEST, 8 July 2025 Insolvency specialist Begbies Traynor saw annual profits almost double after a spate of larger, higher-value business failures. The group, which achieved its 10th consecutive year of growth, reported pre-tax profits jumped from £5.8million to £11.5million in the year ending April, while its adjusted earnings before nasties rose…
NEW DELHI: Adani Power Ltd. (APL) on Tuesday announced successfully completing the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for a total consideration of ₹4,000 crore. VIPL operates a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing the Corporate Insolvency Resolution Process (CIRP) under…
A Christchurch construction company has gone into liquidation, leaving behind significant debt and limited assets. Select Building Limited, which operated in Canterbury, was placed into liquidation on 3 July by special shareholder resolution. Brenton Hunt of Insolvency Matters Limited has been appointed liquidator. According to the initial report, the company ceased trading in July 2025…
“The untimely softer coal price environment, coinciding with the resumption of the Dartbrook underground mine, has necessitated a top-up to existing finance facilities to provide additional working capital,” Australian Pacific Coal executive director John Robinson told the Newcastle Herald in April. Read the original article here
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60 jobs go as food wholesaler folds BusinessDesk | NZ Read the original article here