Major green energy company collapses in SA – NT News
Major green energy company collapses in SA NT News Read the original article here
Major Finance Company ordered to wind up by CBSL
The Central Bank of Sri Lanka (CBSL) has cancelled the finance business licence of Nation Lanka Finance PLC with effect from July 3, 2026, and will proceed with winding up the company under the Banking (Special Provisions) Act, No. 17 of 2023. CBSL said it had placed the company under administration on July 4, 2025,…
Job losses expected as two HB apple growers in liquidation, receivership – NZ Herald
Job losses expected as two HB apple growers in liquidation, receivership NZ Herald Read the original article here
ASB moves after NZ’s second-largest apple grower collapses
Hawke’s Bay businesses are bracing themselves for the fallout from what could be one of New Zealand’s biggest company collapses in recent years. Hawke’s Bay apple grower Kiwi Crunch has lost its battle to stay afloat, after the IRD succeeded in placing one of its subsidiaries, Crasborn Fresh Harvest, into liquidation today. And on Friday…
Fake AI Cases ‘Entered’ an NCLT Insolvency Order. The Supreme Court Quashed It. But Who Is Accountable?
The bank’s lawyers said they had not cited the six false authorities. The Supreme Court recorded that the tribunal obtained them through its own research. Yet the judgment’s only express regulatory direction concerns disciplinary rules for advocates. The Supreme Court chose an unusually grave metaphor for what happens when artificial intelligence’s falsehoods enter judicial decisions.…
Homeplus nears liquidation as court ends rehabilitation process
Court says new financing during a 14-day appeal window could revive rehabilitation talks A Homeplus store in Seoul (Im Se-jun/The Korea Herald) The Seoul Bankruptcy Court terminated Homeplus’s rehabilitation proceedings Friday, pushing the retailer closer to liquidation and leaving it a narrow 14-day window to secure fresh funding and appeal the ruling. The court found…
SA energy company falls into administration – News
South Australian renewable energy company Zen Energy has sold its infrastructure assets and appointed administrators, with employees being informed around midday today. The company was a major supplier of renewable energy across the state, with solar farms in Tailem Bend and Renmark and the Waterloo wind farm in the Mid North. McGrathNicol Restructuring partners Rob…
Pending Winding‑Up Transfer No Bar to CIRP: NCLT Admits Prudent ARC Insolvency Petition Against Super Property [Read Order]
The National Company Law Tribunal, Principal Bench (New Delhi), has admitted a Section 7 petition filed by the petitioner against the corporate debtor, holding that the pendency of winding‑up proceedings transferred from the Delhi High Court poses no bar to the initiation of the Corporate Insolvency Resolution Process (CIRP). The Super Property Maintenance, corporate debtor, engaged in real‑estate and property‑maintenance services, had availed multiple credit…
Bankruptcy would render tax appeal ‘meaningless’, Najib’s lawyer tells court
Ex-prime minister Najib Razak is appealing the High Court’s dismissal of his bid to stay bankruptcy proceedings over RM1.69 billion in unpaid taxes owed to LHDN for the 2011 to 2017 assessment years. PUTRAJAYA: Former prime minister Najib Razak risks being declared bankrupt and having his financial affairs placed under the insolvency authority if he…
LiveLawBiz Company Law Half-Yearly Digest: January- June, 2026
SUPREME COURT Special Court Cannot Hear Private Complaints In Companies Act Fraud Cases; Only SFIO Can File: Supreme Court The Supreme Court on Friday held that a special court cannot entertain a private complaint in cases involving fraud under the Companies Act. It ruled that where an offence attracts punishment under the fraud provision, cognisance…