When the Insolvency and Bankruptcy Code (IBC) came into force in 2016, it was presented as a legal fix to expedite bankruptcies. It turned out to be much more: a structural reset of incentives that has rebalanced power in Indian business, revived credit markets, and crucially — altered the behaviour of promoters.

At the heart of the Code was a simple, hard-nosed idea: make default costly. Under the IBC, a default can trigger a creditor-controlled resolution process with strict timelines (the ordinary Corporate Insolvency Resolution Process is to be completed in 180 days, with a limited extension window; a fast-track regime for smaller firms runs 90 days, extendable once by 45 days). That penalty loss of control, reputational…

Fast forward five years, and sadly the industry is coming to terms with the failure of ISG: another huge contractor with a multi-billion pound turnover, employing more 2,000 people working across some of the biggest projects in the public and private sector.

But while ISG is undoubtedly the biggest name to fail since Carillion in 2019, the sector has also lost significant players such as Buckingham Group, Osborne, Henry Construction and Inland Homes recently.

Indeed, out of all industries, the construction sector accounted for 17% of corporate insolvencies in the 12 months to June 2025. It has been a consistent theme for a number of years as insolvency continues to be a major concern for the sector.

Cause and effect

There are several…

SAN FRANCISCO – One day after Marriott International
terminated its licensing agreement with Sonder, the apartment-style rental
hospitality company announced it will wind down its operation and initiate a
Chapter 7 liquidation of its U.S. business. Sonder also intends to initiate
insolvency proceedings in the international countries in which it operates.

At the same time, Sonder took a parting shot at its former
partner, Marriott, stating its integration was substantially delayed “due to
unexpected challenges in…

A STRUGGLING Airbnb rival has gone bankrupt after a major hotel chain ends partnership.

Short-term rental firm Sonder Holdings announced its US operations will come to an end after hotel chain Marriot suddenly ended their partnership.

A statement released by the San Francisco based company revealed plans to file “a Chapter 7 liquidation of its US business,” and “initiate insolvency proceedings” in other countries where it…

Sonder Holdings (SOND) announced that it will complete winding down operations immediately and expects to initiate a Chapter 7 liquidation of its U.S. business. The hotel operator also intends to initiate insolvency proceedings in the international countries in which it operates.

Pieces of history up for grabs at now-former Hollywood Theater

The Bethesda Health Clinic is giving the community a chance to own a piece of local cinema history as it prepares for a massive renovation of the former Regal Tyler Rose Theatre (also known as the Hollywood Theater) at 1250 S Southwest Loop 323. Items up for sale include neon signs, marquee boxes, theater seating and more.

The theater permanently closed in February of this year, and Bethesda is now clearing the 74,000-square-foot space ahead of a $14 million renovation project, designed by Fitzpatrick Architects, which is slated to begin in December and be…

The details of two recent, high-profile illegal-gambling indictments read like a screenplay by Martin Scorsese, with NBA players and members of the New York Mafia rigging poker matches and using insider information to bet on basketball games. But for some, the news was more personal. When Diana first heard the story, she thought, Thank God, people are going to be talking about this. She’d had no idea which signs to look out for when her husband was gambling away around $300,000 on DraftKings and FanDuel. “Being addicted to casino gambling is…

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Sinotruk Hong Kong ( (HK:3808) ) has shared an update.

Sinotruk (Hong Kong) Limited announced the voluntary liquidation of its subsidiary, Sinotruk Finance Co, following approval from the National Financial Regulatory Administration. The liquidation process, effective from November 10, 2025, will not adversely affect the financial position and business operations of the Sinotruk Group.

The most recent analyst rating on (HK:3808) stock is a Buy with a HK$32.00 price target. To see the full list of analyst forecasts on Sinotruk Hong Kong stock, see the HK:3808 Stock Forecast page.

More about Sinotruk Hong Kong

Sinotruk (Hong Kong) Limited is a company incorporated in Hong Kong, primarily involved in the…

The National Company Law Tribunal (NCLT) on Tuesday (November 11) issued a notice to online gaming platform WinZO following an insolvency plea filed by Paytm’s parent company, One97 Communications Ltd, which claimed unpaid dues of around ₹3.6 crore for advertising services.

The matter was heard by a Bench comprising Justice Jyotsna Sharma (Judicial Member) and Anu Jagmohan Singh (Technical Member). The tribunal granted WinZO two weeks to file its response, with the next hearing scheduled for December 15.

Appearing on behalf of Paytm, Senior Advocate Krishnendu Datta told the tribunal that the dues stemmed from four invoices issued under purchase orders for promoting WinZO’s real-money gaming products, such as poker and rummy, on…

Nine years after its first request for court protection, Oi has been declared bankrupt by a Rio de Janeiro court. In her ruling, Judge Simone Gastesi Chevrand, of the 7th Business Court of Rio de Janeiro— where the company’s restructuring case is being handled—ordered the suspension of all lawsuits and enforcement actions against the telecom carrier, as well as a ban on any sale or encumbrance of the bankrupt entity’s assets.