SA Canegrowers and the South African Farmers Development Association (SAFDA) have expressed growing concern ahead of the KwaZulu-Natal High Court hearing on Wednesday, where arguments will be presented in the liquidation application involving Tongaat Hulett (THL). The sugar producer previously entered provisional liquidation in June. According to SA Canegrowers, the prospect of an unfunded liquidation…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
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The National Company Law Tribunal (NCLT), Kolkata Bench, has recently held that after the omission of the provisions permitting going-concern sales under the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, it cannot allow the sale of a corporate debtor as a going concern or as a continuing juristic entity during liquidation. The…
Ashley Klein admits $400k gambling losses, NRL reaffirms backing MSN Read the original article here
With little visible progress being made on the budget, this week saw major policy items discussed. The House Health Policy Committee met this week with the lengthiest agenda so far this year, across a range of health policy topics. They heard testimony on Senate Bill 144, which would allow patients, under specific circumstances, direct access to…
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Rupe has since been declared bankrupt and banned from running a company for eight-and-a-half years for alleged mismanagement that led to SPQR’s demise. In their final report into the company, liquidators Christopher McCullagh and Stephen Lawrence of PKF Corporate Recovery & Insolvency confirmed there were no further recoveries available for distribution and the company would…
With liquidations soaring and six-figure debts making headlines, let’s look at the figures (and the bigger picture). Prices are up everywhere (the cheese! the butter!). Across the country people have one eye on their bank statements and the other on fuel prices. Headlines about restaurant liquidations arrive each morning like clockwork. And yet… hospitality spend…