Despite this, the primary criticism of the IBC remains its long timelines. By late 2025, the Insolvency and Bankruptcy Board of India (“IBBI”) recorded that the average duration of the Corporate Insolvency Resolution Process (“CIRP”) had drifted past 600 days, far exceeding the statutory limit of 330 days under Section 12(1). The Insolvency and Bankruptcy…
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An attempt to sell the troubled Barbeques Galore franchise has failed months after the Australian retailer collapsed into voluntary administration, with 62 stores expected to close and hundreds of jobs lost. A recapitalisation deal which would have saved the iconic business has fallen through after the sale process did not secure any “offers capable of…
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Grim truth behind Aussie icon’s collapse News.com.au Read the original article here
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
REVEALED: Latest business liquidations in Bayswater Daily Telegraph Sydney Read the original article here
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