The Insolvency and Bankruptcy Board of India (IBBI) has introduced the Insolvency Resolution Process for Corporate Persons (Fifth Amendment) Regulations, 2025 (regulations). These make significant changes to the corporate insolvency resolution process (CIRP) and are in force from 4 July 2025. In particular, the amendments impose disclosure requirements for the information memorandum (IM). This document,…
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 be a…
Dessert brand Sara Lee has relaunched with a new identity brought to life via Disegno, an indie brand design agency. Sara Lee is a recognisable food brand for many Australians. This new brand refresh covers strategy, positioning, brand identity, and packaging design that has already delivered commercial momentum. The rebrand reimagines Sara Lee for a…
Red dust, huge crowds and raging bulls are back in action at Mount Isa Rodeo, and the outback legacy is here to stay. Almost 2,000 kilometres north-west of Brisbane, it’s not the outback city’s first rodeo. And thanks to a team of dedicated volunteers, it won’t be the last. “The vibes are electric, it’s the…
Saasa Musa Sugar Works Private Limited, a company undergoing liquidation under the IBC, is set to be sold as a “going concern” through an e-auction at a reserve price of Rs 92.25 crore. The company, which operates a sugar mill in Bihar, was ordered into liquidation by the National Company Law Tribunal (NCLT), Kolkata Bench,…
Debt-laden Jaypee Cement Corporation Limited (JCCL) has formally invited bids for its revival, kicking off a corporate insolvency resolution process (CIRP) that could reshape India’s cement sector. The resolution professional (RP) issued a detailed Expression of Interest (EoI) notice today, offering the company’s 1.2 million-tonne cement capacity and allied assets to potential investors. Key Assets on Offer…
An expert committee with the Insolvency and Bankruptcy Board of India (IBBI) has proposed a new set of rules to avoid duplication of action against the erring insolvency professionals (IPs). In a report, the committee noted that parallel disciplinary actions by both IBBI and insolvency professional agencies (IPAs) for similar contraventions can be avoided, by…
The news: Financially distressed coal producer Bowen Coking Coal has appointed voluntary administrators from McGrathNicol Restructuring after it was unable to pay its two largest creditors BUMA Australia and the Queensland Revenue Office. The numbers: Bowen previously told the market it was not in a position to pay BUMA’s total claims of $29.3 million and…
Corio Bay Dairy Group liquidator claws back $555k from creditor The Courier Mail Read the original article here
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales decreased by 8.4% to a total of 2,043 in June compared to May 2025’s total of 2,230, and decreased by 15.9% compared to June 2024’s figure of 2,430. The business insolvencies consisted of 332 compulsory liquidations,…