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New IBBI Amendments: Clear Cost Approvals, Creditor Oversight, and Accountability in Resolution Plans [Read Notification]

The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2026. The changes, issued under the Insolvency and Bankruptcy Code, 2016, aim to strengthen transparency, creditor participation, and oversight in corporate insolvency resolution processes (CIRP). The amendment to Regulation…

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Tongaat Hulett faces liquidation hearing next week

Business Rescue Practitioners say there are no viable alternatives to a rescue plan that has legally lapsed Tongaat head office stripped of expensive paintings and antiques ahead of a possible visit by liquidators. Photo supplied The Durban High Court will hear arguments next week on whether to liquidate sugar giant Tongaat-Hulett. The SA Canegrowers Association…

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