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.
In their first liquidator’s report, Mason-Thomas and Meltzer said directors had taken multiple reviews and restructures of the company’s business.“However,
The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025, bringing significant changes aimed at enhancing transparency and accountability in the corporate insolvency resolution process (CIRP).
The amendment mandates stricter disclosure of “avoidance transactions” and bars their post-facto inclusion in resolution plans unless previously disclosed. These changes amend the original 2016 regulations under the Insolvency and Bankruptcy Code (IBC), 2016.
Mandatory Disclosure of Avoidance Transactions:
Regulation 36(1) now includes the clause “and its subsequent updates thereof,” emphasizing continuous…
Before the federal election, Labor made a promise to cut student loan debts like HECS and HELP debts by 20 per cent, if it was re-elected.
However since June 1, students with a HECS or HELP loan would have seen their debt increase due to indexation; a yearly adjustment to a student loan according to inflation.
ABC NewsRadio’s Sarah Morice spoke with Dr Melinda Hildebrandt, an expert in tertiary education policy, about why some loans have gone up despite Labor winning the election.
Anthony Albanese‘s pledge to slash university student debt by 20 per cent is an unfair policy that will end up favouring the rich, new analysis shows.
Labor was resoundingly re-elected in May with a plan to cut student debts by an average of $5,520 with more than three million Aussies having $16billion wiped from their loans on June 1 this year.
The total relief approaches $20billion, with the government also reducing student debt by another $3billion by indexing it to either the consumer price index or the wage price index – whichever is lower.
The e61 Institute think tank argues Labor’s student debt relief policy is unfair because it will mainly benefit those who go on to earn higher salaries later in life.
In their first liquidator’s report, Mason-Thomas and Meltzer said directors had taken multiple reviews and restructures of the company’s business.
“However, since 2020 and Covid, the declining student population and adverse economic climate have contributed to difficult trading conditions.
“After careful consideration and taking professional advice, the directors have recommended to the shareholders that the appropriate decision is to place the company in liquidation.”
New Delhi: The National Company Law Appellate Tribunal (NCLAT) has ruled that the Insolvency and Bankruptcy Code (IBC) does not supersede the Prevention of Money Laundering Act (PMLA), stating that assets attached by the Enforcement Directorate (ED) and confirmed by the competent authority cannot be released for the purpose of insolvency resolution.
The three-member bench clarified that if a property is considered to be proceeds of crime and the attachment is validated by the adjudicating authority under the PMLA, such assets are outside the purview of the resolution estate, even if insolvency proceedings are ongoing.
“Where attachment is made by the ED and confirmed, the same cannot be undone under the IBC,” the tribunal observed…
Kate Moss’s foray into the beauty and wellness industry with her brand Cosmoss has quietly concluded, with the company entering voluntary liquidation proceedings. Just under three years after its launch, documents filed on June 24, 202, confirm the wind-up of the skincare and wellness-focused line, which reportedly owes creditors close to £3 million.
Launched in September 2022, Cosmoss entered the wellness market offering products ranging from high-end skincare to fragrances and teas, positioning itself as a holistic lifestyle brand rooted in Moss’s personal journey and connection to nature. Few products gained a dedicated following, but the brand’s premium pricing,…
July 4 2025, 12:50 pm | BY Ricki Green | No Comments
After more than three decades in business, leading Australian post-production company, Cutting Edge has officially ceased operations entering into Creditors’ Voluntary Liquidation as reported by FilmInk.
The news marks the end of an era for the company, which helped shape hundreds of high-profile projects across the advertising, film and TV industries since its founding in 1992.
In a statement shared on social media, the company wrote: “To all our valued clients and supporters, we would like to inform you that after 35 years…
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XL Express has gone into voluntary administration after 35 years in business, according to transport industry publication Big Rigs. The company operated one of Australia’s largest independent logistics networks. XL Express provides road express services, including third-party logistics for some distributors servicing the book industry. Big Rigs reported that XL Express…
The Sevilla Commitment and Platform for Action advance concrete strategic steps to fulfill the promise of the Sustainable Development Goals and chart a path for a fairer shared future, reaffirming the role of global cooperation
Sevilla, Spain, 3 July 2025 – The Fourth International Conference on Financing for Development concluded today in Sevilla, Spain, with 130 initiatives turning the Sevilla Commitment or Compromiso de Sevilla into action through concrete steps to boost investment in sustainable development, address the debt crisis afflicting many of the world’s poorest countries, and give developing countries a stronger voice in the international financing architecture.
A 21-year-old man was brutally murdered in Santo Amaro da Imperatriz, in Greater Florianópolis, due to gambling-related debts. According to the Santa Catarina Civil Police, the crime was solved in less than 24 hours by the DEIC Robbery and Anti-Kidnapping Division.
The victim was lured on Friday night (13) by an acquaintance, under the pretext of receiving payment of a debt. However, upon arriving at the agreed location, she was held captive by three men, forced to make bank transfers and ask friends for money. The kidnappers also used the victim’s credit card for several purchases.
Hours later, the group took the young man to a rural and isolated area near the Rio do Braço, where he was executed with a shot. The police…
