[Withdrawn] Automatic filing extensions granted by the Corporate Insolvency and Governance Act due to come to an end

The Corporate Insolvency and Governance Act 2020 received royal assent on 25 June 2020. The Act granted automatic extensions for filing deadlines between 27 June 2020 and 5 April 2021 to relieve the burden on companies during the coronavirus (COVID-19) pandemic and allow them to focus all their efforts on continuing to operate. Automatic extensions…

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Can Byju Raveendran still shape Byju’s insolvency outcome?

As Byju’s corporate insolvency resolution process (CIRP) approaches a crucial stage, a key question hangs over India’s once most-valued startup. Does founder Byju Raveendran still have the ability to influence the company’s future? The question has gained renewed significance after a Singapore court sentenced Raveendran to six months in jail for contempt, finding that he…

Long-running surf retailer enters administration

A business that helped shape generations of Sunshine Coast surfers, including 2012 world champion Joel Parkinson, has entered administration, ending a 40-year chapter. Much-loved retail brand Beach Beat’s operating company, Purple Corridor Pty Ltd, was placed into voluntary administration on June 2, according to a notice lodged with the Australian Securities and Investments Commission (ASIC).…