A UK jewellery company has crashed into liquidation, meaning its two stores have shut and all nine jobs have been lost. The company was known for elegant engagement rings and other statement pieces that were created by their trained designers. It follows a slew of other independent and big chain stores that have disappeared from…
The National Company Law Appellate Tribunal (NCLAT) has ordered the withdrawal of insolvency proceedings against NCR-based real estate developer Mahagun after the company reached a settlement with its financial creditor. NCLAT)has directed the withdrawal of insolvency proceedings against NCR-based real estate developer Mahagun after the company reached a settlement with its financial creditor. (Picture for…
Millions of households across the UK are opting to defer their spending to help manage the rising cost of living. Whether using credit cards or modern instalment plans, spreading the cost of purchases has become a staple of the British high street. Recent estimates suggest that a staggering 30 million people have engaged with Buy…
On Friday, 27 February, the Business Rescue Practitioners and their lawyers will approach the High Court in Durban to request the provisional liquidation of Tongaat Hulett Limited (THL), the company that is a crucial backbone of the rural economy in northern KwaZulu-Natal. They will act in the knowledge that their own fees, racked up over…
Kuwait has issued Decree No. 16 of 2026 to formally honor martyrs who lost their lives during military operations, official duty, natural disasters, and exceptional public incidents. Published today in the Official Gazette, the decree outlines a comprehensive framework to provide material, moral, and social recognition to martyrs and their families. The decree stipulates the…
Costco recalls gift cards after supplier goes bankrupt WTRF Read the original article here
Appellate tribunal NCLAT has directed the withdrawal of insolvency proceedings against realty firm Mahagun after it has arrived at a settlement with its financial creditor. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) took on record the Settlement between Mahagun (India) and IDBI Trusteeship dated February 12, 2026. An application was moved…
Corporate insolvencies set to rise anew in 2026 as interest rate risks linger: Coface Insurance Business Read the original article here
The National Company Law Appellate Tribunal (NCLAT) has ended insolvency proceedings against the real estate powerhouse Mahagun, following the company’s settlement with financial creditor IDBI Trusteeship. The two-member NCLAT bench officially recorded the settlement dated February 12, 2026, between the two parties. An application submitted by IDBI Trusteeship sought to withdraw the insolvency proceedings,…
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