A sharp after-hours volume spike pushed 577,479 shares of MIC Electronics Limited (MIC.NS) on the NSE on 09 Jan 2026, while the price held at INR 1.30. The surge compares with an average daily volume of 2,124 and a relative volume of 271.88, making this a clear volume-driven event. The focus on MIC.NS stock is driven by corporate insolvency proceedings and thin liquidity that can produce abrupt moves. Traders should note the combination of extreme volume, a flat intraday price (day high INR 1.35), and structural risk from the insolvency process.

MIC.NS stock: After-hours volume spike

The most immediate fact is the volume spike of 577,479 in after-hours trade on 09 Jan 2026, versus an average volume of 2,124. That jump (relative volume…

When India’s first resolution plan under the Insolvency and Bankruptcy Code (IBC) was approved in August 2017, it shook confidence in the country’s new insolvency architecture. A related party regained control of the company while creditors absorbed a staggering 94% haircut. What was meant to be a market-driven rescue mechanism appeared to have become a loophole for errant promoters to cleanse balance sheets and reclaim assets. The legislative response — Section 29A — was swift and uncompromising. Nearly a decade later, however, the context has changed, raising a difficult but necessary question: does Section 29A still serve the IBC’s core objective of value-maximising resolution, or has it become an obstacle to it?

Why…

GOTHENBURG, SWEDEN – The Board of Directors of LIDDS AB (publ) (“LIDDS” or the “Company”) has today resolved to propose that an extraordinary general meeting, which will also serve as the second control meeting, resolve on the voluntary liquidation of the Company and the delisting of the Company’s shares from Nasdaq First North Growth Market. The extraordinary general meeting is intended to be held on 28 January 2026. Notice of the general meeting, including the complete proposed resolutions and the Board of Directors’ full reasoning and considerations, will be published by way of a separate press release.

Background

On 24 April 2025, a balance sheet for liquidation purposes showed that the Company’s shareholders’ equity…

The shareholders of LIDDS AB (publ), reg. no. 556580-2856, (the “Company”) are hereby invited to an extraordinary general meeting, as well as the second control meeting, on Wednesday 28 January 2026 at 10:00 CET at Excore’s premises at Kungsportsavenyen 22, 411 36 Gothenburg.

Right to participate and notice to attend the meeting

Shareholders who are recorded in the share register kept by Euroclear Sweden AB (The Swedish Central Securities Depository Euroclear Sweden AB) as of 20 January 2026 and who have notified the Company of their intention to attend so that the notification is received by the Company no later than 22 January 2026 are entitled to participate in the meeting. The notification shall be sent to LIDDS AB (publ),…

Full-service UK law firm Gilson Gray has hired experienced lawyer Paul Madden as partner, head of dispute resolution for England, and head of international insolvency, further strengthening the firm’s London practice and supporting its continued growth across the UK.

In his new role, Paul will lead Gilson Gray’s dispute resolution and international insolvency services in England, with a particular focus on funds disputes, alternative funds’ solutions, securities litigation, shareholder disputes, and corporate insolvencies. As a leading advisor in the share appraisal litigation space, he will work closely with a broad range of clients, drawing on his extensive cross-border experience. He will also focus on building strategic…

Background

On 24 April 2025, a balance sheet for liquidation purposes showed that the Company’s shareholders’ equity was less than one-half of the registered share capital. Accordingly, on 28 May 2025, the Company held a first control meeting to consider whether the Company should enter into liquidation or continue its operations. The meeting resolved, in accordance with the Board of Directors’ proposal, to continue the operations. Under the Swedish Companies Act, the Company is required to hold a second control meeting within eight months of the first control meeting. At this second control meeting, the question of whether the Company should continue its operations or enter into liquidation shall again be considered.

LIDDS and the…

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 on Wednesday morning, with Justice O’Callaghan dismissing ASIC’s case and ordering that it pay Ryan’s costs.

ASIC alleged that Ryan breached his duties as a director by his involvement in decisions, ASIC alleges, were to the advantage of Dixon Advisory’s holding company, E&P Operations, and by failing to properly consider the interests of Dixon Advisory’s creditors. He was…

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 – or Creditors Voluntary Liquidations – still accounted for the majority of corporate insolvencies (66%), they have decreased by 20% last year.

Meanwhile, corporate receiverships – a process when a lender takes control of a company’s assets to recover debts with the help of a third party – increased by 30% in 2025. Court appointed liquidations increased…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

This column discusses a rule under English common law that applies in the context of cross-border insolvency proceedings: the so-called immovables rule. Cross-border insolvency occurs when a company or individual enters insolvency or bankruptcy proceedings in one jurisdiction and the has assets and creditors in another jurisdiction (for a previous discussion about cross-border insolvency, see China Business Law Journal, volume 8, issue 8: Cross-border insolvency).

In particular, the column discusses a recent appeal decision of the Supreme Court of the UK in Kireeva v Bedzhamov [2024]. Relevant rules in the Chinese mainland in relation to cross-border insolvency are then identified.

The Kireeva decision

Kireeva…