Directors Not Responsible for Tax Recovery After Liquidation: Madras High Court The Madras High Court has ruled that directors of a company under liquidation are not liable for tax recovery if the non-recovery was not due to their negligence The company, Infinitas Energy Solutions Pvt. Ltd., and its director (petitioner) were under liquidation, and the company had entered…
AGS Transact Schedules Eighth Creditor Meet Under Insolvency Process TipRanks Read the original article here
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REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
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New Zealand has been experiencing a striking rise in company failures, focusing attention on the role of directors when facing financial trouble. Corporate insolvencies have now reached their highest levels in 15 years, with thousands of firms entering liquidation or other formal processes in 2025. This surge has coincided with a new Law Commission review…
Spectrum Now Public Property, Outside Insolvency The Supreme Court has firmly declared telecom spectrum as public property, explicitly excluding it from the Insolvency and Bankruptcy Code (IBC) asset pool. This ruling marks a significant shift in India’s financial and legal landscape. It moves beyond the immediate impact on telecom companies, re-establishing a clear legal hierarchy.…