JOHANNESBURG — The National Union of Mineworkers (NUM) confirms that its members at Cast Products SA are currently staged in a protest outside the offices of the Industrial Development Corporation (IDC). This action follows the IDC’s sudden and destructive decision to reject a viable rescue deal, opting instead to push the company toward liquidation. Cast…
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The High Court has appointed liquidators to the companies which operate the EuroGiant chain. The discount retailer has 77 stores across the country, employing around 640 staff, which are now under threat. EuroGeneral Limited and Bushgrove Limited, which trade as EuroGiant, have blamed “rising costs” for the decision. A spokesperson for EuroGiant said after more…
In a relief to homebuyers, the Supreme Court on Monday (February 2) held that in real estate projects, a single insolvency petition under Section 7 of the Insolvency & Bankruptcy Code is maintainable against more than one corporate entity if they are intrinsically connected in the execution and marketing of the project.A bench of Justices…
Special court discharges DHFL in Rs 5,050 crore money laundering case, citing immunity under IBC. Individuals still liable. Mumbai, Feb 4 (PTI) A special court in Mumbai has discharged now defunct Dewan Housing Finance Corp Ltd (DHFL) in a Rs 5,050 crore money laundering case, ruling the company under new management is entitled to statutory…
Half a trillion dollars wagered — and counting With A-level celebrities hawking sports betting websites, it’s easy to forget that one could go to jail for running such gambling operations less than a decade ago. Until 2018, laying down a (legal) bet on a basketball game or other sports event usually required a trip to…
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“Despite extensive preparation and the efforts of staff, volunteers and partners, the conditions led to cancelled or rescheduled performances and reduced attendance, as many ticket-holders were unable to attend or left early,” the festival organisers said in a statement. Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…