The Federal Court has ruled against ASIC in its proceedings against Dixon Advisory director Paul Ryan, ordering the regulator to pay the defendant’s costs. ASIC commenced civil penalty proceedings against Dixon Advisory director Paul Ryan in the Federal Court in August 2023, with hearings on the matter held in June 2024. The judgment was delivered…
NCLT Extends Corporate Insolvency Resolution Process for Baron Infotech Limited by 120 Days scanx.trade Read the original article here
Hospitality and retail SMEs most at risk of insolvency – Deloitte Business Post Read the original article here
The number of insolvencies enforced by creditors increased in 2025 driven by the rise of alternative and international lenders on the market, according to Deloitte’s latest figures. There were 812 corporate insolvency appointments in 2025 – a 7% decrease compared to 2024. Further 900 insolvencies are forecast for this year. While company led closures –…
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A total of 812 corporate insolvency appointments were recorded in 2025, according to Deloitte’s latest insolvency figures, representing a 7% decrease compared to 2024. Despite this annual decline, insolvency activity remained largely consistent throughout the year, with 206 appointments in Q1, 201 in Q2, 211 in Q3 and 194 in Q4. Looking ahead, approximately 900…
The Australian Government asked the Productivity Commission to undertake a public inquiry into barriers to setting up, transferring and closing a business and identify options for reducing barriers where appropriate. The Commission conducted a broad ranging investigation to specifically investigate, analyse and propose recommendations on: The nature and the scale/extent of barriers to entry and…
Corporate insolvencies in Germany rose last year to their highest level in two decades, according to data published on Thursday by a leading economic research institute, reported dpa. The number of bankruptcies increased sharply in December, standing 75% above the average level for the month in the years 2016 to 2019, before the Covid-19 pandemic,…
Petition u/s 9 of IBC cannot be Rejected merely on General Dispute raised based on Single Whatsapp Message: NCLAT Mrs. Leena Salot vs Ridham Synthetics Private Limited CITATION : 2025 TAXSCAN (NCLAT) 257 The National Company Law Appellate Tribunal (NCLAT) has held that a petition under section 9 of the Insolvency Bankruptcy Code (IBC) cannot…