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Rules amended to enhance disclosure on avoidance transactions

In a significant move aimed at to bring greater scrutiny to past financial dealings of distressed companies, particularly those termed avoidance transactions, the Insolvency and Bankruptcy Board of India (IBBI) has notified key amendments to the Insolvency and Bankruptcy rules. These changes are effective immediately. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process…

Aussie disties owed millions after Esel filed for voluntary administration

Companies affected include XIT Distribution and Dicker Data. Esel, the ex-parent company to reseller Mwave, reportedly owes more than $15 million to several major Australian distributors following the company filing for voluntary administration last month. Those distributors allegedly owed money include, Dicker Data, Ingram Micro, XIM, Leader, Synnex, MMT, and Centercom. CRN Australia understands some…

Company insolvencies, March 2025 – GOV.UK

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