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DJK provided transport services locally and interstate. Image: Anna/stock.adobe.com Sydney-based DJK Transport has called time on operations after 57 years
Botswana: Technical Assistance Report-Report on Data Quality Assessment for Public Sector Debt Statistics Mission (May 14–20, 2025) International Monetary Fund Read
New Delhi [India], August 13 (ANI): Finance Minister Nirmala Sitharaman on Tuesday introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the Lok Sabha, aiming to reduce delays and strengthen governance of the insolvency resolution process.
The Bill, which proposes several structural and procedural changes to the Insolvency and Bankruptcy Code (IBC), 2016, was referred to a Select Committee for wider examination.
The proposed amendments in the bill seeks to incorporate new concepts including a Creditor-Initiated Insolvency Resolution Process (CIIRP), enabling provisions and measures to enhance efficiency at both resolution and liquidation stages.
Under the existing law, applications for initiating corporate insolvency…
DJK provided transport services locally and interstate. Image: Anna/stock.adobe.com
Sydney-based DJK Transport has called time on operations after 57 years in business.
According to an ASIC notice, DJK Transport, A K G Trucking and Round Em Up Transport all went into voluntary liquidation on Friday, August 8, after a restructuring practitioner was appointed in June.
All companies had the same director and shareholder, David Kean, and were registered to the same principal place of business in Austral in Sydney’s west.
Big Rigs has attempted to contact Kean for comment.
According to the DJK Transport website, the business has been a “locally-owned and trusted transport service since 1968” and still had its original owner.
KordaMentha allegedly used confidential information it obtained when it was appointed to review a major Melbourne recycling business to pitch the company as an acquisition target for Cleanaway Waste Management.
The claim was made by a rival advisory business PKF, which was appointed liquidators of SKM when it collapsed in 2019. The lawsuit, filed in the Federal Court last week, threatens to drag in Commonwealth Bank, which had appointed KordaMentha for the review, and Cleanaway, which is publicly listed and at the time was run by businessman Vik Bansal.
Groupcard provided prepaid cards to Dutch municipalities for welfare recipients, informal carers and volunteers. Now it is bankrupt, the cards are worthless and consumers and municipalities have lost money. Associate Professor Jessie Pool is investigating whether vulnerable people need better protection in bankruptcies.
The main activity of the bankrupt Groupcard, a company based in Aalsmeer, was the sale of local gift cards. Acting on behalf of more than 120 municipalities, it issued gift cards to people who needed a bit of extra support, such as welfare recipients, informal carers and volunteers. Now the company has been declared bankrupt, these cards are useless. Vulnerable consumers, like other holders of gift cards, are last in…
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The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, tabled in Parliament, seeks to overhaul the IBC framework with provisions for creditor-initiated insolvency, domestic group insolvency, cross-border proceedings, and faster resolution timelines.
To address long delays, currently averaging over 434 days versus the mandated 14, the Bill amends Section 7 to ensure financial creditor applications are admitted solely on proof of default, with information utility records deemed sufficient evidence.
This aims to reduce value erosion for debtors.
The Bill expands the definition of resolution plans, restricts the corporate applicant’s role in appointing resolution professionals, clarifies government dues priority, and limits…
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, tabled in Parliament, seeks to overhaul the IBC framework with provisions for creditor-initiated insolvency, domestic group insolvency, cross-border proceedings, and faster resolution timelines.
To address long delays, currently averaging over 434 days versus the mandated 14, the Bill amends Section 7 to ensure financial creditor applications are admitted solely on proof of default, with information utility records deemed sufficient evidence.
This aims to reduce value erosion for debtors.
The Bill expands the definition of resolution plans, restricts the corporate applicant’s role in appointing resolution professionals, clarifies government dues priority, and limits…
KUALA LUMPUR, Aug 13 — The Malaysian Department of Insolvency recorded 4,194 bankruptcy cases involving civil servants between 2020 and June 2025, about 0.3 percent of the nation’s 1.6 million public sector workforce.
Deputy Finance Minister Lim Hui Ying said the Credit Counselling and Debt Management Agency (AKPK) offers advisory services, financial management assistance and debt restructuring programmes for individuals facing serious financial difficulties.
“For new officers, the Public Service Department conducts the Mind Transformation Programme, which provides early exposure to personal financial management to ensure they can manage debt prudently.
