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Bowen Coking Coal has entered voluntary administration, a move that has heightened concerns regarding the future of the coal industry in Queensland, Australia, and the security of more than 500 jobs at the Burton Mine near Moranbah.
The company had previously sought a royalty deferral from the Queensland Revenue Office, which was rejected on 29 July.
Mark Holland and Shaun Fraser of McGrathNicol Restructuring have been named the voluntary administrators.
“The administration process is expected to provide a window which will allow for a sale or recapitalisation to be completed,” the company said in a stock exchange filing.
Bowen Coking Coal has attributed the introduction of Queensland’s high royalty rates, peaking at…
State Rep. Corey Paris speaks during a meeting of the Relief for Connecticut Borrowers Working Group on July 29, 2025. Credit: Jamil Ragland / CTNewsJunkie
HARTFORD, CT — A bipartisan group of Connecticut legislators, state officials and advocates is seeking ways to provide relief for the more than 500,000 state residents burdened by student loan debt.
State Rep. Corey Paris, D-Stamford, co-chair of the Relief for Connecticut Borrowers Working Group, said the state had to step in to aid the half million student loan recipients in Connecticut, as the federal government has basically abdicated on the issue.
“We’re trying to not just gather ideas or understand facts and figures around the crisis as it is today,…
The government has introduced its bill to reduce student debt. Photo: Australian National University.
The Federal Government has fired the starter’s gun on the business schedule for the new parliament by introducing its legislation to cut student debt.
Labor’s bill seeks to cut 20 per cent off all higher education student debts, with the aim to wipe away more than $16 billion for about three million Australians.
It’s likely to pass with little trouble, as both the Opposition and the Greens have signalled enough initial support for it to get up when it arrives in the Senate.
The government won’t need any help to have it first pass the House of Representatives.
Anthony Albanese said the aim of the bill was to deliver cost of…
The National Company Law Tribunal (NCLT), Ahmedabad bench, comprising Justice Shammi Khan (Judicial Member) and Mr. Sanjeev Kumar Sharma (Technical Member), has initiated the Corporate Insolvency Resolution Process (CIRP) against Blu-Smart Mobility Ltd. (Corporate Debtor) upon an admitted default of Rs.1,28,02,195.
Brief Facts
Catalyst Trusteeship Limited (Applicant/ Financial Creditor) filed the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Blu-Smart Mobility Limited (Corporate Debtor). The Corporate Debtor had issued 15 secured, redeemable, unrated, and unlisted Non-Convertible Debentures (NCDs) worth Rs. 15 crore, for meeting its working capital requirements for its 100% electric …
The photo shows frontline soldiers stationed along the border with Thailand, taken in Oddar Meanchey on July 2. Photo: Sem Vanna
PHNOM PENH – The National Bank of Cambodia (NBC) has urged banking and financial institutions to consider financial relief for frontline soldiers and civilians affected by the five days of Cambodia-Thai military clashes.
The measure followed Prime Minister Hun Manet’s July 29 call to the Association of Banks in Cambodia to help ease the financial burdens of armed forces, families of fallen and injured soldiers, disabled soldiers, and displaced people.
It followed discussions between the Association of Banks in Cambodia…
A commercial judge has recalled a warrant for diligence on the dependence by arrestment and inhibition granted based on an action raised in England by a Scottish offshore company after finding that there was no real or substantial risk that justified the warrant’s continuation.
James Fisher Offshore Ltd, the respondent to the petition raised by Mermaid Subsea Services UK Ltd, argued that its updated 2024 accounts and commitments made by its parent company had ameliorated the petitioner’s concerns about its financial position. The petitioner contended that the…
The Ministry of Corporate Affairs (MCA) in response to questions raised by Shri Raghav Chadhahas responded to the Rajya Sabha that as of March 2025, a total of 6,988 cases were pending under the Insolvency and Bankruptcy Code (IBC). And as of now there is no proposal to increase the NCLT benches to avoid the backlogs.
It was also mentioned that a total of 1,194 Corporate Insolvency Resolution Processes (CIRPs) under IBC have yielded resolution plans taking an average duration of 597 days (after excluding the time excluded by the AA) for conclusion of process, against the prescribed timelines.
It was clarified that to facilitate expeditious disposal of cases, the Government has undertaken six legislative amendments…
The Central District Court has appointed a provisional receiver for foodtech company InnovoPro, which produces chickpea protein. The company, which in the past few years has raised millions of dollars, has become insolvent, with debts amounting to NIS 6 million. The court issued a stay of proceedings, freezing lawsuits by creditors, and appointed Adv. Gonen Kestenbaum as provisional receiver. A hearing on the situation of the company has been set down for September 7.
Last week, Innovopro applied to the court to start insolvency proceedings. The request, filed by Adv. Idan Adler Reiss of Furth, Wilensky, Mizrachi, Knaani, states that the company was founded in 2013 by physician and engineer Dr. Ascher Shmulewitz. The main…
