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.
The Insolvency and Bankruptcy Board of India (IBBI) has introduced the Insolvency Resolution Process for Corporate Persons (Fifth Amendment) Regulations,
In a key development under Jet Airways’ ongoing insolvency proceedings, global alternative investment major Brookfield Asset Management has acquired an
According to Newscorp papers liquidators are scrutinizing a company run by the children of a collapsed truck repair group.
Gold Coast business, Truck Repair Group (TRG) went into voluntary liquidation in December last year (see original Paint & Panel article here) owing money to a host of suppliers and contractors.
Scott Hunter was director of the company and its sole shareholder was Natalie Hunter of the same address.
The assets of the original Group were sold to a new company directed by the Hunters’ children, Jasmine and Joshua.
The new business continues to operate from the same locations and still uses the original website. It employs more than 100 staff.
The liquidator, Nick Combis of Vincents, said the sale price of the…
China South City Holdings Ltd, the largest Chinese property developer by assets to face court-ordered liquidation since China Evergrande Group, has been ordered to wind up by Hong Kong’s High Court, dealing another blow to already fragile investor confidence in the country’s real estate sector.
Bloomberg reported that the ruling from Judge Linda Chan came after the Shenzhen-based company failed to secure sufficient creditor backing for its restructuring plan. The winding-up petition was filed by Citicorp International Ltd, acting as trustee for the firm’s dollar bonds, raising fresh concerns about recovery prospects for offshore creditors in China’s ongoing property turmoil.
The Insolvency and Bankruptcy Board of India (IBBI) has introduced the Insolvency Resolution Process for Corporate Persons (Fifth Amendment) Regulations, 2025 (regulations). These make significant changes to the corporate insolvency resolution process (CIRP) and are in force from 4 July 2025.
In particular, the amendments impose disclosure requirements for the information memorandum (IM). This document, prepared by the resolution professional, contains detailed information on the financial, operational and legal position of the corporate debtor. Prospective resolution applicants rely on the IM when drawing up their resolution plans.
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally” (This will use…
HONG KONG SAR – Media OutReach Newswire – 11 August 2025 – The 2025 edition of the Atradius Payment Practices Barometer survey for Asia reveals a nearly even split between businesses expecting stable payment behaviour from their customers and those foreseeing a deterioration in payment risk in the coming months.
The survey, conducted in the second half of Q2 2025 across China, Hong Kong, India, Indonesia, Japan, Singapore, Taiwan, and Vietnam, highlights regional resilience amid rising financial vulnerabilities driven by global trade policy uncertainty, liquidity constraints, and worsening B2B payment behavior.
Late payments affect 44% of B2B credit sales, with bad debts averaging 5%—a seemingly modest figure that…
Dessert brand Sara Lee has relaunched with a new identity brought to life via Disegno, an indie brand design agency.
Sara Lee is a recognisable food brand for many Australians. This new brand refresh covers strategy, positioning, brand identity, and packaging design that has already delivered commercial momentum.
The rebrand reimagines Sara Lee for a new generation while building on its legacy. It comes just 18 months after entering voluntary administration, which saw new owners Klark and Brooke Quinn acquire the brand in January 2024 and move quickly by appointing Disegno to lead a complete rethink of how Sara Lee can reach consumers.
At the heart of the rebrand is the tagline ‘ Tastes Like Home’.
The Canadian Bishops’ pastoral letter also calls for ecological justice (CCCB)
Faith-based organisations are commending a new pastoral letter from the Canadian Conference of Catholic Bishops pressing the Global North to wipe out low-income countries’ crippling debt and consider the ecological burden it has placed on the Global South. Source: NCR Online.
“Forgive us our Debts: Pastoral Letter on Debt Forgiveness in the Jubilee Year,” written by the CCCB’s Episcopal Commission for Justice and Peace and released on July 28, continues the tradition of urging the relaxing of crippling monetary obligations during a year of special grace in the universal Catholic Church.
A state government employee in Harda, Madhya Pradesh, ended his life by inhaling gas directly from a LPG cylinder over debts amounting to lakhs. Thirty-five-year-old Laxminarayan Kewat died after putting the pipe of a domestic gas cylinder directly in his mouth. Due to the strong effect of the gas, he suffocated and died within a short time.
The incident occurred around 9:30 pm on Saturday. Laxminarayan, a peon in the Sports and Youth Welfare Department, was found dead in his rented house. An LPG cylinder with its regulator open was kept nearby and the rubber pipe was directly in his mouth. According to the police, his body had become completely stiff due to gas exposure.
Initial investigations revealed that the deceased was addicted to…
Red dust, huge crowds and raging bulls are back in action at Mount Isa Rodeo, and the outback legacy is here to stay.
Almost 2,000 kilometres north-west of Brisbane, it’s not the outback city’s first rodeo.
And thanks to a team of dedicated volunteers, it won’t be the last.
“The vibes are electric, it’s the red dirt, it’s the people, it’s the feel of it all,” said committee member Ally Finlay.
The crowd was “electric” on Saturday night. (Supplied: Mount Isa Pro Rodeo Ltd)
Despite being on the brink of collapse just months ago, the largest and richest rodeo in the southern hemisphere made a comeback in front of a record crowd on the weekend.
About 700 cowboys and cowgirls from all over Australia, New Zealand and America competed for a prize…
Saasa Musa Sugar Works Private Limited, a company undergoing liquidation under the IBC, is set to be sold as a “going concern” through an e-auction at a reserve price of Rs 92.25 crore. The company, which operates a sugar mill in Bihar, was ordered into liquidation by the National Company Law Tribunal (NCLT), Kolkata Bench, on February 20, 2025.
The sale, approved during the 67th Stakeholders’ Committee of Creditors (SCC) meeting, will be conducted by Liquidator Mr. Manish Jain. The entire business, including its assets, will be sold on an “As is where is,” “As is what is,” “Whatever there is,” and “Without any recourse” basis. This approach, as per Regulation 32(e) of the IBBI Liquidation Regulation,…
Bhopal: A 35-year-old peon with the sports and youth welfare dept allegedly committed suicide by inhaling LPG gas at his rented home in Harda on Saturday night. Police suspect he was under heavy debt linked to online gaming.The deceased, Laxminarayan Kewat, was found around 9.30 pm with a domestic cylinder placed beside him, its regulator open and the rubber pipe in his mouth. Police said the body had stiffened from the strong effect of the gas. No suicide note was recovered.Originally from Bhopal, Kewat had been posted in Harda for the past three years after a transfer from Sehore in 2021. He lived with his wife and five-year-old daughter, though they were away at his wife’s parental home when the incident occurred.His elder brother…
In a key development under Jet Airways’ ongoing insolvency proceedings, global alternative investment major Brookfield Asset Management has acquired an additional office floor in commercial tower Godrej BKC in Mumbai’s business district Bandra-Kurla Complex for Rs 370.25 crore, said persons with direct knowledge of the development.
