Senior Advocate’s Application For CIRP Over Non Payment Of Legal Fees: NCLT Delhi Rejects Application

The National Company Law Tribunal New Delhi bench of Manni Sankariah Shanmuga Sundaram (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member) has rejected an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) by a Senior Advocate for non-payment of Rs. 6.26 Crore legal fees. The bench noted that there exists a pre-existing…

ATO crackdown drives surge in business insolvencies

He pointed out that small business restructuring (SBR) has been particularly effective for viable small businesses, with none of the approximately 150 SBRs managed by his firm defaulting on their payment plans. Despite these restructuring efforts, Archer warned that insolvencies are likely to remain elevated. “There are strong indicators that business insolvencies will continue increasing…

Billson’s Brewery enters voluntary administration

Billson’s Brewery has announced that the business has been placed into voluntary administration in a statement shared on social media yesterday. Billson’s Brewery was established in 1865 in Beechworth, Victoria, and is currently run by Nathan Cowan and his wife Felicity Cottrill. The beverage brand is widely known as an RTD manufacturer, but also produces…