Noodle Box franchisee charged with ‘phoenixing’ – The Sydney Morning Herald

The operator of a string of Noodle Box restaurants has been charged with fraud after an investigation by the corporate regulator into the illegal practice of phoenix activity. Amy Timko, who formerly ran several Noodle Box franchises in northern Tasmania, appeared in court in Hobart on Friday on charges of fraudulent conduct under the Corporations Act. AmyTimko’s…

The Insolvency and Bankruptcy Board of India notifies regulations – Times of India

PUNE: The Insolvency and Bankruptcy Board of India (Board), in exercise of its powers conferred under Section 240 of the Insolvency and Bankruptcy Code, 2016 (Code), has notified the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The press statement issued by ministry of corporate affairs has stated that these regulations inter alia…