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India is planning to establish a dedicated bench within the National Company Law Tribunal (NCLT) to handle cross-border insolvency cases, as part of efforts to improve resolution timelines and align the country�s insolvency framework with global standards. The proposed development, outlined in the past week, will come into effect once new rules under the…
Tongaat Hulett Limited Tongaat Hulett Limited has secured a post-commencement funding lifeline from the Industrial Development Corporation (IDC), extending the facility to June 30, 2026, increasing it from ZAR200 million to ZAR2,5 billion and pausing liquidation proceedings. The extension gives the embattled sugar producer breathing room to stabilise operations and revive its stalled business rescue…
Second Amnesty Week To Help Residents Resolve Eligible Traffic Debt WGN-TV Read the original article here
A major food wholesaler has collapsed after 35 years in business. A total of 71 people have lost their jobs after Enterprise Foods Limited, which traded as Localist, went bust. The East Kilbride-based company helped Scottish suppliers, producers, and farmers get their goods onto the shelves of retailers such as Waitrose, Co-op, Poundland, and Morrisons.…
A Department of Education sign is displayed outside of their federal student aid office on May 18, 2025 in Washington, DC. Kevin Carter | Getty Images The U.S. Department of Education is providing conflicting information about the upcoming federal student loan borrowing limits that will take effect this summer, according to The National Association of…
President Donald Trump on Tuesday suggested that the federal government could help keep a struggling Spirit Airlines afloat, while also encouraging a buyer to step in and rescue the budget carrier. “Spirit’s in trouble and I’d love somebody to buy Spirit. It’s 14,000 jobs,” Trump said in a CNBC interview. “And maybe the federal government…
Spirit Airlines May Be On The Verge Of Liquidation—What Happens To Your Money If It Goes Under Forbes Read the original article here
Scots construction firm collapses with all jobs lost after more than 160 years The Scottish Sun Read the original article here
SINGAPORE – Home-grown premium spa and skincare brand Porcelain has entered provisional liquidation, in a shock to its loyal fan base. The 17-year-old business best known for its facials announced on April 21 that it is in the midst of the court-appointed process before formal winding up. Disgruntled customers have been leaving complaints on the…