Company insolvencies climb to 14,152 for FY2025–26

The company insolvency rate saw a slight dip in the 2025–26 financial year but still remains above the long-term average, the latest ASIC statistics have revealed. The 2025–26 financial year saw 14,152 companies enter insolvency for the first time, according to the latest insolvency statistics by ASIC. This was a slight improvement from the previous…

Bendix makes statement as ownership change looms

BRAKE manufacturer and Matt Stone Racing Supercars major sponsor Bendix has doubled down on assurances that it will soldier on. It comes as news broke this week that its parent company FMP Group (Australia) Pty Limited has entered voluntary administration. “FMP Group (Australia), the company behind leading brake solutions manufacturer, Bendix, will shortly provide details…

NCLT Orders Liquidation Rejecting CIRP Extension

Home/Corporate Laws/NCLT Orders Liquidation After CoC Approval, Rejects CIRP Extension & Highlights ₹120.17 Cr Decline in Assets [Read Order] Corporate LawsLaw Report NCLT rejects CIRP extension as liquidation was unanimously approved by CoC, with no resolution plan approved for the corporate debtor. Get the day’s tax rulings in your inbox × The National Company Law…