Category Archives: Liquidation

Dharmashastra National Law University, Jabalpur To Host 2nd Corporate Law Summit 2026 On November 21–22

Dharmashastra National Law University, Jabalpur (M.P.), was established in 2018 by the Madhya Pradesh National University Act, 24 of 2018, with the objective of advancing the cause of legal education and achieving excellence as a university for imparting value-based legal education. The university emphasises learning advocacy skills with professional ethics by providing suitable simulation exercises.…

IBC 2026 Amendments: Key Changes, Implementation Status and Their Practical Impact

Understanding the 2026 changes for RPs, Creditors, Resolution Applicants and Other Insolvency Professionals The Insolvency and Bankruptcy Code, 2016 has entered another important phase of development with the Insolvency and Bankruptcy Code (Amendment) Act, 2026 . The amendments seek to address several practical issues that have emerged during the implementation of the…

Insolvency, bankruptcy board aims to check misuse of law

Insolvency & Bankruptcy Board of India (IBBI) has floated a paper to prevent misuse of insolvency law. NEW DELHI: The Insolvency & Bankruptcy Board of India (IBBI) has floated a paper to prevent misuse of insolvency law to settle debt or avoid liability or consolidate companies without regulatory scrutiny. It has highlighted red flags that…

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Liquidators will investigate possible trading while Mundella Foods was insolvent

Liquidators will investigate the activities of Hayden Russell, director of the Australian dairy processor Mundella Foods, following the liquidation of the company and its affiliates, Margaret River Dairy Company and The Cheeky Cow, in Western Australia. The administrators have preliminarily reported signs of possible trading while insolvent and hundreds of transactions that may be deemed…

Mundella collapse leaves millions owed as director faces investigations

Creditors say they may not see a cent of the millions owed to them by collapsed West Australian dairy processor Mundella Foods and two other associated companies. Mundella, Margaret River Dairy Company and The Cheeky Cow were put into liquidation this month.  Director Hayden Russell is facing investigations by liquidators at Mackay Goodwin following administrators’…

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Cost of doing business out of control

Business NSW New England North West (NENW) is calling for targeted reforms in the upcoming NSW Budget, warning that rising energy, insurance, and compliance costs are pushing many small and medium-sized businesses (SMEs) to the brink. The regional peak body said the burden of rising operational expenses is undermining business viability and threatening jobs in…

Nocookies | News24

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IBBI flags misuse of insolvency process to evade tax, conceal assets

The Insolvency and Bankruptcy Board of India (IBBI) has flagged the misuse of the insolvency process by companies seeking to evade taxes, conceal assets and avoid regulatory or criminal action, saying the bankruptcy framework is in some cases being used for purposes other than rescuing distressed businesses. In a recent discussion paper, the insolvency regulator…