Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Go to ASIC
Funding warning as bulk-billing clinic closes
News One of Canberra’s last fully bulk-billed clinics has entered voluntary administration after struggling to cover costs and
Byju Raveendran Files FIR Against EY Staff In Insolvency Case: ‘Not A Flower, I Am The Fire’
Byju’s founder Byju Raveendran has filed an FIR against former RP Pankaj Srivastava, EY employees, and Glas Trust in the
UK bill aims to speed debt restructuring for poor countries – Reuters
UK bill aims to speed debt restructuring for poor countries  Reuters Read the original article here
Brand Builder clients told to pay their monthly fees on the day the company shutdown – The Irish News
Clients of a controversial online “brand building” company which shut last week were told to pay up by March 31
NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed
The tribunal held that no liability can be fastened on the corporate debtor for default committed during Section 10A period.
IBC not a tool for debt collection | India
Although the primary aim of the Insolvency and Bankruptcy Code, 2016 (IBC), is to revive financially distressed entities and ensure
CCI Approval Mandatory for Resolution Plan Approval by Coc – Lexology
CCI Approval Mandatory for Resolution Plan Approval by Coc  Lexology Read the original article here
NCLAT:Breach of Settlement Agreement Does Not Bar Financial Creditors from Filing Application u/s 7 of IBC
The Tribunal held that if the Corporate Debtor had genuinely contested the revocation, they would have referred to payments made
Parent company of Finlayson, Makia and Vallila files for bankruptcy – Helsinki Times
Parent company of Finlayson, Makia and Vallila files for bankruptcy  Helsinki Times Read the original article here
Director banned after securing Covid loans for takeaway and parcel delivery company which never traded
Adam Ebrahim set up two companies which were intended to be a takeaway and separate business delivering packages, but neither
NCLAT Upholds Liquidation of Go Airlines
The Tribunal rejected the appeal but allowed the appellant to submit a compromise and arrangement plan in accordance with Regulation
Miniso Australia facing winding up order after collapse
The Australian former master franchisee for multinational discount retailer Miniso will face a winding up hearing in the Supreme Court