On the 24 September 2020, the Australian Government announced changes to Australia’s insolvency framework to better serve Australian small businesses, their creditors and their employees. The changes introduced new processes suitable for small businesses, reducing complexity, time and costs for small businesses. Effective from 1 January 2021, these are the most significant reforms to Australia’s…
After Chapter 11 bankruptcy, fast-food chain faces liquidation MSN Read the original article here
Patients left ‘devastated’ as Canberra fully bulk-billed GP and allied health clinic enters voluntary administration MSN Read the original article here
In a major relief to Reliance Infrastructure Ltd (Reliance Infra), the National Company Law Appellate Tribunal (NCLAT) on Wednesday, June 4, suspended an earlier order by the National Company Law Tribunal (NCLT), Mumbai, which had admitted the company into the Corporate Insolvency Resolution Process (CIRP). The news was shared via a regulatory filing by the…
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Can an “outsider” be held liable for fraudulent trading for transacting with a company engaged in fraudulent activity? Should the limitation period for claims accruing to a (restored) company be suspended for the period during which it was dissolved? The Supreme Court addressed these questions on 7 May 2025 in Bilta (UK) Ltd (in liquidation)…
In a significant legal development, the National Company Law Appellate Tribunal (NCLAT) has dismissed the appeal by Byju’s, the prominent edtech firm, seeking permission for an equity fund raise by its subsidiary, Aakash Educational Services. This decision upholds an earlier order by the National Company Law Tribunal (NCLT) to maintain the current shareholding structure of…
Over 300 workers retrenched without pay as CCIC Singapore enters liquidation after US sanctions The Online Citizen Read the original article here
Toys R Us enters voluntary administration MSN Read the original article here
After Chapter 11 bankruptcy, fast-food chain faces liquidation MSN Read the original article here