Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Access Blocked We're sorry, but your access has been blocked due to a security concern. 20250815T125834Z-1556bb84bd5c9ls9hC1SYD75ts00000000yg00000000btv6 Copy Incident ID If
Access Blocked We're sorry, but your access has been blocked due to a security concern. 20250815T113253Z-1556bb84bd5c9ls9hC1SYD75ts00000000ug00000000bdga Copy Incident ID If
New Delhi: Apart from speeding up the disposal of distressed companies as going concerns, the proposed amendments to the Insolvency and Bankruptcy Code (IBC) tabled in Lok Sabha on Tuesday also makes it easier for splitting up such firms so that lenders could consider sale of individual assets when they are unable to find takers for the whole business, two persons informed about the government’s deliberations on insolvency reforms said.
The proposed amendments will also prevent orders for liquidation of a distressed company just because the 330-day window available for debt resolution under IBC has expired. This is meant to avoid situations like the Bhushan Power & Steel Ltd., the resolution plan for which was annulled by the Supreme…
Request blocked.
We can’t connect to the server for this app or website at this time. There might be too much traffic or a configuration error. Try again later, or contact the app or website owner.
If you provide content to customers through CloudFront, you can find steps to troubleshoot and help prevent this error by reviewing the CloudFront documentation.
Generated by cloudfront (CloudFront)
Request ID: USTqO5Ds4EcCuzMkWA7YYt4f5J_KJE2bv1MJVPr-pte9MaoCxvSyYQ==
Murray & Roberts has announced that, after over a century of operation, one of its creditors has instituted liquidation proceedings, marking the end of the road for the iconic South African construction company.
Founded in 1902, Murray & Roberts is one of South Africa’s oldest companies and has played a pivotal role in building the country’s mining infrastructure over the past century.
Between 2000 and 2010, Murray & Roberts experienced significant growth, with its project order book increasing exponentially to R42 billion and revenues quadrupling to R32 billion.
This period was characterised by the lead-up to the 2010 FIFA World Cup and the infrastructure investment programme launched by the government to…
Poland is undertaking its largest-ever arms procurement, with costs projected at around 66 billion dollars — and likely to rise even higher.
The deal spans a massive array of weaponry: 1,000 K2 Black Panther tanks alongside hundreds of M1 Abrams, 500 HIMARS launchers and several hundred K239 Chunmoo rocket artillery systems, around 100 Apache attack helicopters, dozens of F-35 fighters, more Patriot air defense systems… The list goes on, but the silver lining is, every item comes with a price tag — and the combined bill is staggering.
