Tongaat head office stripped of expensive paintings and antiques ahead of a possible visit by liquidators. Photo supplied The Durban High Court will hear arguments next week on whether to liquidate sugar giant Tongaat-Hulett. The SA Canegrowers Association says 27,000 small-scale growers, tens of thousands of farm workers, and entire rural communities face devastating consequences…
That’s according to the National Audit Office Millions of households are missing out on support for essential bills such as water, energy and broadband as their debt to firms climbs to more than £7 billion, the public spending watchdog said. The National Audit Office (NAO) found only a third of eligible broadband customers and 39%…
It’s been a rough few weeks for Helen Chan Sun. Last month, one B.C. Supreme Court judge jailed the Vancouver developer for civil contempt. This week, even as Sun remained behind bars, another judge from the same court declared the former multimillionaire bankrupt, paving the way for a trustee to oversee her finances. “The debtor…
© stockfour / Shutterstock.com A Philadelphia caller named Monique reached Baby Steps 4, 5, and 6 after wiping out $80,000 in debt in roughly a year and a half. She is due to deliver her fourth child next month, has three kids already in daycare, and called The Ramsey Show on June 9, 2026, worried…
The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday admitted State Bank of India’s plea to initiate a personal insolvency resolution process against Anil Ambani.The state-owned lender had moved the tribunal in 2020 to recover over Rs 1,200 crore from Anil Ambani under the personal guarantee clause of the bankruptcy law. The…
From debt to hope: Bexhill churches help local families clear £2.5m in debt SussexWorld Read the original article here
The National Company Law Tribunal (NCLT) New Delhi Bench recalled the insolvency admission order against Presidium Educational Institution Pvt. Ltd. And held that the Corporate Insolvency Resolution Process (CIRP) had become fundamentally flawed due to missing financial records, lack of transparency, asset opacity and serious procedural irregularities. The RP submitted that despite extensive efforts after…
As courts make headway with backlogs, technology and intellectual copyright cases open a fresh arena in dispute resolution The past 18 months have reshaped the commercial dispute resolution landscape in India. The Madras High Court’s Commercial Division has settled into a rhythm, the Chennai bench of the National Company Law Tribunal (NCLT) has begun to…
Synopsis: In a disclosure filed with NSE on June 10, 2026, Voler Car Limited has been declared the highest bidder (H1) for Blu-Smart Mobility Limited, currently undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 a development that has put the NSE-SME listed employee transportation company in focus, though the transaction remains…
ES Broadcast Ltd enters voluntary liquidation TVBEurope Read the original article here