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The Parliamentary Standing Committee on Finance, led by Bhartruhari Mahtab, has urged the Government to implement comprehensive and urgent reforms to the Insolvency and Bankruptcy Code (IBC), 2016, to address persistent “systemic challenges” that undermine its core objective of time-bound resolution and value maximization.

The Committee’s Twenty-Eighth Report on the ‘Review of Working of Insolvency and Bankruptcy Code and Emerging Issues,’ presented to Parliament on December 2, 2025, acknowledges the IBC’s success, citing the resolution of 1,194 companies and creditor recoveries exceeding $170\%$ of the liquidation value. However, the report expresses profound concern over critical operational failures,…

Hundreds of workers at scrap metal recycler Unimetals are facing redundancy after the company filed a petition for compulsory liquidation this week.

The Stratford-upon-Avon based firm, which holds operator licences in almost every traffic area and is authorised to run between five and 44 HGVs from each of its sites, has been fighting for survival in recent months. After struggling financially, it filed three notices of intention to appoint administrators but has now moved to wind itself up following the failure of a rescue deal.

The petition was lodged in court on Monday (24 November). The Official Receiver has confirmed it will now wind down the business in line with its statutory duties, which include investigating the cause of its…

Introduction

In a notable decision from the Hudson’s Bay Company
(“HBC“) CCAA¹ proceedings,
the Ontario Superior Court of Justice (the
“Court“) has confirmed that careful
drafting…

The Izzone. The trust expression of the community on MSU’s campus. Hundreds of students all unite into one collective force of screaming, bouncing and occasional jumbotron shilling. But amidst the communal chants of “de-fense” and “go-state,” some new yells have been entering the Izzone’s lexicon.

Instead of shouts of support for players or hatred for referees, these new ones sound a bit more biting: “I took the over on Kohler, you gotta put him back in,” Or “I can’t believe you missed that free throw, I needed you to score 15 tonight!”  

Those are the kindest ones. And most of them aren’t so kind.

In 2025,…