Tongaat R200m lifeline brings relief to KZN growers

Canegrowers in KwaZulu-Natal breathed a sigh of relief recently when the liquidation of sugar giant Tongaat Hulett was avoided through additional funding of R200 million. This means that crucial milling of sugarcane can begin. More than 18 000 growers, the bulk of whom are small-scale growers, have no other option than Tongaat Hulett’s mills to…

Locus Standi of Dissenting Financial Creditors: NCLT Kochi

The jurisprudence surrounding the Insolvency and Bankruptcy Code, 2016, consistently reinforces the supremacy of the Committee of Creditors’ commercial wisdom and the binding nature of an approved resolution plan. A recent pronouncement by the National Company Law Tribunal, Kochi Bench, in the matter of M/s. Samson and Sons Builders and Developers Pvt. Ltd., serves as…

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