Burton mine complex owner Bowen Coking Coal has called in the administrators after failing to secure fresh capital or reach a suitable deal with creditors in its recent financial battles. The company announced today that it appointed Mark Holland and Shaun Fraser of McGrathNicol Restructuring as voluntary administrators for a raft of business entities. ‘The…
Bowen Coking Coal has appointed Mark Holland and Shaun Fraser of McGrathNicol Restructuring as voluntary administrators. The decision follows the company’s inability to secure fresh capital or reach an agreement with BUMA and the Queensland government. Bowen Coking Coal is a Queensland-based company focused on developing metallurgical coal projects. Metallurgical coal is an essential component…
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MinRes turns off funds for founder’s brother The Australian Read the original article here
Bowen Coking Coal has appointed Mark Holland and Shaun Fraser of McGrathNicol Restructuring as voluntary administrators. The decision follows the company’s inability to secure fresh capital or reach an agreement with BUMA and the Queensland government. Bowen Coking Coal is a Queensland-based company focused on developing metallurgical coal projects. Metallurgical coal is an essential component…
When the National Company Law Tribunal (NCLT) was established in 2016 as the unified adjudicatory forum for company law, it bore the promise of timely, specialised justice in a space long weighed down by fragmented forums and procedural drift. That same year, the Insolvency and Bankruptcy Code (IBC) positioned the NCLT and its appellate counterpart,…
Electric ride-hailing startup Blu-Smart Mobility has been admitted into corporate insolvency resolution proceedings (CIRP) by the National Company Law Tribunal (NCLT), Ahmedabad. The order, pronounced on July 28, 2025, follows a petition filed by debenture trustee Catalyst Trusteeship Limited, citing a default of ₹1.28 crore on non-convertible debentures (NCDs). This marks Blu-Smart as India’s first…
Chapter 7 bankruptcy: 100-year-old furniture chain liquidated TheStreet Read the original article here
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The National Company Law Tribunal’s (NCLT) Ahmedabad branch initiated insolvency proceedings against cab-hailing platform BluSmart Mobility over a plea filed by financial creditor Catalyst Trusteeship, for a loan default totalling Rs 1.3 crore. The Tribunal, comprising of Judicial Member Shammi Khan and Technical Member Sanjeev Kumar appointed NPV Insolvency Professionals Private Limited as the Interim…