Corporate Insolvency Resolution Process: Need to remove ambiguities – Financial Express

Liquidation

The enactment of a comprehensive insolvency code is one of the most significant achievements of the incumbent government. Keeping with its commitment to improve the countrys ranking in the World Banks Ease of Doing Business, the government has already initiated steps for implementation of the Code. The swiftness and speed in notifying certain provisions of…

Company collapse: Fight on to avoid ‘massive disaster’ – The Queensland Times

Bankruptcy

SUBCONTRACTORS are banking on negotiations now under way to protect them from the worst of another major collapse in the Queensland construction industry. Bloomer Constructions Pty Ltd closed a number of building sites across Brisbane last week, ahead of what was expected to be an announcement Tuesday morning about the company’s fate. Instead, Wayne Bloomer,…