Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the average time taken to close a Corporate Insolvency Resolution Process (CIRP) has climbed steadily, from an average of 550 days in 2022 to 724 days in 2025, over double the maximum time prescribed.
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India’s Insolvency and Bankruptcy Code (IBC) was designed to streamline the resolution of corporate distress. However, procedural delays and lower recovery for creditors pose some challenges.

Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the average time taken to close a Corporate Insolvency Resolution Process (CIRP) has climbed steadily, from an average of 550 days in 2022 to 724 days in 2025, over…

The National Company Tribunal Chandigarh, bench of Justice Harnam Singh Thakur and Shri Kaushalendra Kumar Singh, have held that a mere bald denial that invoices forming the basis of the claim were not received cannot prevail over specific, dated communications and signed acknowledgements originating from within the operational creditors’ finance department.

“The cause of this liquidation appears to be related to a failure to account for taxation compounded by the regional cyclone experienced in January 2023,” the report says, under the subheading “additional information”.

“The liquidator has established contact with the company director, and a statement of affairs has been received. The liquidator is conducting searches and investigations through various databases and other avenues open to him to locate any further asset interests that are of benefit for creditors in this liquidation.”

Other creditors include NZ Transport Agency, radio communications company Colvins, Chartered Accountants DPA Limited and forestry industry adjacent companies Forest Management Solutions, Forestry…

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In Ernest Hemingway’s novel The Sun Also Rises, a character is asked how he went bankrupt. “Two ways,” he replies. “Gradually and then suddenly.”

The same goes for the Left’s moral standing on antiracism. Gradually, through years of selective outrage and wilful blindness to antisemitism, including demonising the Jewish movement of self-determination, Zionism, accelerating after the pogrom carried out by Hamas on October 7. Then suddenly, at the recent Victorian Labor conference, with the passage of so-called “emergency motions” on the Israel-Hamas war. These did not merely seek…

The cafe is owned by Darlene and Paul Woodhead.

Kieran Jones and Steven Khov of Khov Jones Ltd were appointed liquidators of Castro Limited today.

Their first liquidator’s report is due on August 26.

New Zealand’s hospitality sector is one of the most vulnerable industries in the current economic climate, according to Centrix.

The hospitality sector overtook the property sector in June as the second-largest industry contributing to company liquidations.

In the year to June, 288 hospitality companies were placed into liquidation, up from 199 compared with the previous…

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Banks going bust has been a major source of anxiety for many people at many points in time. It was a large piece of the Global Financial Crisis (GFC) puzzle and sparked stock market carnage in 2023, when Silicon Valley Bank’s collapse hit headlines. 

But while depositors and shareholders face one set of risks when a bank collapses, borrowers will have a different set of questions entirely.

Do you suddenly get a free pass on repayments? Could you be forced to cough up the full balance? And what happens to your redraw facility or offset account?

Firstly, there’s no need to panic. Here’s what you might expect if – however unlikely – your home loan provider goes bust.

What happens to your mortgage if your home loan lender goes…