Legal Exoneration and the IBC’s “Clean Slate” A Mumbai Special Prevention of Money Laundering Act (PMLA) Court has discharged Piramal Finance, the successor entity to Dewan Housing Finance Corporation Limited (DHFL), from a significant ₹5,050 crore money laundering case. The February 2, 2026 ruling, applying Section 32A of the Insolvency and Bankruptcy Code (IBC),…
Grant funding available for airports impacted by Rex Airlines voluntary administration The National Tribune Read the original article here
The Regulatory Sword: Insolvency Process Recalled The National Company Law Tribunal (NCLT) in New Delhi has formally recalled the Corporate Insolvency Resolution Process (CIRP) initiated against Alchemist Limited. This significant judicial action, dated February 3, 2026, follows decisive intervention by the Enforcement Directorate (ED). The Tribunal’s order unequivocally states that the insolvency proceedings were…
First liquidator’s report out for hydroponics shop in dispute with Reddit Thepost Read the original article here
According to a report from News.co.au, hundreds of Aussie workers are in limbo after a major RV manufacturer was plunged into voluntary administration weeks before Christmas. Zone Manufacturing Pty Ltd, which trades as Zone RV in Coolum Beach, one of Queensland’s largest luxury off-road manufacturers, filed for voluntary administration on Monday. Rahul Goyal, Catherine Margaret…
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Boutique Sydney rum maker Sydney Distilling Co Pty Ltd (Administrators Appointed), trading as Brix Distillers, has entered into Voluntary Administration, appointing Ben Carson and Richard Stone from RSM Australia Partners as Joint and Several Voluntary Administrators on 21 January 2026. The award-winning business was founded in 2017 and operated Australia’s first dedicated craft rum distillery,…
Veteran Qld construction company in administration after 50 years The Courier Mail Read the original article here
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