The company behind the Fortnite Live event that was described as a shambles has gone into liquidation, hours after the makers of the game announced they had taken legal action. Hundreds of people demanded refunds after they spent hours waiting to enter Norfolk showground on Saturday, with attendees complaining of underwhelming attractions and high ticket…
Ford Motor Co. is shutting a factory in Brazil in an attempt to turn around its money-losing South American business, dealing a blow to Jair Bolsonaro less than two months into his presidency. The automaker expects to record $460 million in charges related to exiting the heavy-truck business in all of South America, according to…
The most recent development in the Gupta drama that has been ever-present in South African news sees one Gupta-owned company potentially putting another into liquidation. Tegeta sprung into prominence when former Public Protector detailed Eskoms involvement, allegedly at the behest of the Guptas in making the sale of the Optimum mines to Tegeta possible at…
Registered to a residential address in East London, GoNutri Limited was wound up in the High Court on 12 February 2019 for trading with a lack of commercial probity, objectionable trading practices and improper sales techniques. Following confidential enquiries, investigators from the Insolvency Service found that GoNutri targeted elderly and vulnerable people, bombarding them with…
[Los Angeles,CA- United State] 02/20/2019: Global Credit Settlement Market report presents a detailed analysis of the competitive landscape along with company profiling of key players competing in the world. The competitive analysis offered in the report includes market share, gross margin, product portfolio, consumption, market status, and technologies of leading players operating in the…
NAGPUR: The National Company Law Tribunal (NCLT) has admitted an insolvency petition against a Chandrapur-based company over a liability of Rs2.81 lakh. It is among the smallest amounts, so far, for which a case has been fought under the Insolvency and Bankruptcy Code (IBC) 2016, said insolvency practitioners. Even as IBC 2016 has set the…
The acquisition of hot roll seamless pipe manufacturing company lifted Maharashtra Seamless shares nearly 4 percent in morning on Wednesday. “….made payment of Rs 477 crore for acquisition of United Seamless Tubulaar Private Limited (USTPL),” the ERW and seamless pipes & tubes manufacturer said in its filing. TheDP Jindal Group companymade this acquisition under the…
Picture: African News Agency (ANA) Archives Johannesburg – In a bizarre twist, a former Gupta company is taking on another of the familys companies in a bid to recover R4million in unpaid rent and services. Business rescue practitioners for Tegeta Exploration and Resources – which is under business rescue – have filed for the liquidation…
Eden Road Wines is being pulled from voluntary administration. Creditors (those owed money) agreed on Friday to accept an offer from shareholders that will allow the winery to remain open while the debt of $3,457,711 is paid. Up until the previous Friday, January 25, a sale of the winery was on the cards in order…
Construction industry reform is overdue and change is needed urgently. Theres no doubt the property sector is experiencing a downturn, with projects put on hold and more builders going into liquidation. Those who can afford it least suffer most. As the downturn continues, it is the subcontractors who are feeling the most pressure. Subbies comprise…