Aussie used car giant collapses, 90 workers sacked

Used car dealership chain OzCar has collapsed into administration, forcing the closure of four dealerships across NSW, and leaving 90 workers without jobs. Voluntary administrators were appointed to the company on Thursday, weeks after NSW Fair Trading fined the business $50,000 over its sales practices. The closures affect OzCar’s dealerships in Penrith, Cardiff and Gosford,…

IBBI amends real estate insolvency rules to protect homebuyers’ interests | Industry News

The Insolvency and Bankruptcy Board of India (IBBI) has amended insolvency rules for stressed real estate developers to facilitate home delivery, strengthen homebuyers’ participation, and enable project-wise treatment while reducing information asymmetry.   IBBI notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2026, on October 30.…