NEW DELHI: The Competition Commission of India (CCI) on Tuesday approved Dalmia Bharat‘s proposal to acquire the debt-laden Jaiprakash Associates Ltd (JAL), which is going through the insolvency resolution process.

Under the provision of the Insolvency and Bankruptcy Code (IBC), an approval from the competition watchdog is a key requirement for submission of resolution plan to participate in the bidding process.

Besides Dalmia Bharat, several other players that have shown their interest to acquire the debt ridden JAL, which operates from cement to real estate, hospitality to fertiliser plant.

Players as billionaire…

A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Find out more about our policy and your choices, including how to opt-out.Sometimes our articles will try to help you find the right product at the right price. We may receive payment from third parties for publishing this content or when you make a purchase through the links on our sites.

An award-winning Melbourne restaurant which began as a delivery service during lockdown has gone bust.

1800 Lasagne graduated to a physical store in August 2020, winning a cult following, awards, and the patronage of Jamie Oliver in the inner-north suburb of Thornbury.

But external administrators have now been called in, and the business may be wound up, sold, or picked apart by people owed money.

“1800 Lasagne has entered into voluntary administration and we are working closely with the administration team to streamline and restructure our model to ensure we take the best steps while moving forward,” owner Joey Kellock posted online on…

A Melbourne restaurant which started as a COVID-19 lockdown favourite has fallen on hard times.

1800 Lasagne entered voluntary administration last week.

The beloved eatery in Thornbury began as the delivery service side hustle for music festival organiser Joel Kellock, but then ballooned in popularity during the pandemic in 2020.

Know the news with the 7NEWS app: Download today

It later laid down roots with a brick-and-mortar boasting wine, music, merchandise, and its trademark small menu and late-night service.

The business garnered a loyal local following over the years with trendy marketing and quality to back it up, becoming the state’s first hatted lasagne restaurant.

But new challenges have recently cropped up.

“We are working…

Getty Images

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

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….

By Yun Park · August 5, 2025, 5:10 PM EDT

A Delaware bankruptcy judge on Tuesday granted final approval for California-based gene-editing technology supplier Synthego Corp.’s liquidation plan, which transfers control of the company to its secured lender following a $90…

To view the full article, register now.

To successfully qualify for Safe Harbour protection, directors and the company must also meet the various qualifying criteria. The most significant of which is that one or more courses of action needs to be reasonably likely to lead to a better outcome for the company (than the appointment of an administrator or liquidator to the company). The interpretation of ‘reasonably likely’ and ‘better outcome’ can be hard to determine and subject to individual opinion.

Furthermore, the Safe Harbour is only open to directors who are acting honestly and diligently and who have taken appropriate steps to ensure the company has:

• paid entitlements of its employees by the time they fall due
• given returns, notices, statements, applications or…

As a leading professional services firm, KPMG Australia (KPMG) is committed to meeting the requirements of all our stakeholders – not only the organisations we audit and advise, but also employees, governments, regulators and the wider community. We strive to contribute to debate that seeks to develop a strong and prosperous economy and welcome the opportunity to provide a submission in relation to the consultation on improving schemes of arrangements to better support insolvent companies.

KPMG has one of the largest restructuring services practices in Australia and around the world. We provide restructuring, turnaround and insolvency services to a wide range of clients from small and medium businesses to large institutional and…

A Receiver may be appointed by a secured creditor, or in special circumstances by the Court, to take control of the assets that are the subject of the security.
The charge, or security, held by the secured creditor under which the appointment of a Receiver is made may comprise:

1. a non-circulating security interest (fixed charge) over particular assets of the company (e.g. land, plant and equipment); and/or
2. a circulating security interest (floating charge) over assets that are used and disposed of in the course of normal trading operations (e.g. debtors, cash and stock).

The powers of the Receiver are governed by the charge document and Corporations Act 2001 Cth (the Act).

If a Receiver has, under the terms of their appointment, the power…