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.
Why Has Bowen Coking Coal Entered Voluntary Administration? Bowen Coking Coal, a Queensland-based mining company, has appointed voluntary administrators as
The bill adjusts the Eskom debt relief allocation for the 2025/26 financial year from R40 billion to R80.2 billion, while introducing a further R10 billion allocation in 2028/29.
These adjustments are part of the broader R230 billion debt relief package enacted in 2023 to help Eskom address its crippling debt burden and improve energy security.
Chairperson of the Select Committee on Appropriations, Tidimalo Legwase, said the amendment reduces the allocated amount for the current year and converts the full 2025/26 allocation into a conditional loan.
“One, it reduces the amount allocated for Eskom in the 2025-26 financial year. Two, it converts the entire 2025-26 amount into a loan. And lastly, it provides for an allocation to Eskom into the…
The National Company Law Appellate Tribunal (NCLAT) dismissed an appeal filed by Mr. Rakesh Verma, the suspended director of a company under liquidation, reaffirming that once a company enters the liquidation stage under the Insolvency and Bankruptcy Code (IBC), individual objections from suspended directors, especially those not rooted in legal merit, cannot delay or derail the process.
The case revolved around Vasudeva Buildcon Pvt. Ltd., a company that entered liquidation after undergoing CorporateInsolvency Resolution Process (CIRP). Mr. Verma had challenged the liquidation proceedings initiated by the Adjudicating Authority (NCLT), arguing that the process lacked transparency and due opportunity, and raised concerns…
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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
The appeal was filed by the liquidator of Nextgen Procon Pvt. Ltd., challenging an order dated 6 August 2024 passed by the NCLT, New Delhi, which allowed a Section 60(5) application by M.R.A. Associates Pvt. Ltd., the respondent, to intervene and raise a claim during the pendency of the dissolution proceedings.
Nextgen Procon Pvt. Ltd. had entered into a project management and technical audit agreement with M.R.A. Associates in 2013. The agreement was terminated prematurely…
Synopsis: Diksha Greens hit a 5% lower circuit after NCLT admitted an insolvency plea by Punjab & Sind Bank over unpaid dues of Rs 46.03 crore. The loan, given in 2018, turned NPA in 2019. NCLT has started CIRP and appointed an IRP.
With a market capitalisation of Rs 4.34 crore, the shares of Diksha Greens are currently trading at Rs 4.40 per share, down by 31 percent from its 52-week high of Rs 6.40 crore. In the last one year, the stock has delivered a positive return of 26 percent.
The National Company Law Tribunal (NCLT) in Kolkata has accepted a petition from Punjab & Sind Bank under Section 7 of the Insolvency and Bankruptcy Code (IBC), which sets off insolvency proceedings against the company.
Why Has Bowen Coking Coal Entered Voluntary Administration?
Bowen Coking Coal, a Queensland-based mining company, has appointed voluntary administrators as of July 30, 2025, putting more than 500 jobs at risk at its Burton Mine near Moranbah. The company’s decision follows a series of financial challenges that have made its operations increasingly unsustainable in Queensland’s current regulatory environment.
Mark Holland and Shaun Fraser from McGrathNicol Restructuring have been appointed as voluntary administrators to oversee the process. According to the company’s stock exchange filing, “The administration process is expected to provide a window which will allow for a sale or recapitalisation to be completed,” suggesting that…
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…
