Hundreds of Ekapa Mine jobs could be saved. Numsa has welcomed a Northern Cape High Court ruling suspending the liquidation of Ekapa Minerals and placing the Kimberley company under business rescue. The union says the process creates an opportunity to restart operations and return workers to their jobs. The mine has faced severe financial pressure…
The Delhi bench of the National Company Law Tribunal (NCLT) has ordered the dissolution of Newgen Payment Gateway Private Limited, a company that provided payment processing services for credit cards, debit cards and bill payments. The bench found that the company’s voluntary liquidation had been completed and all liabilities had been settled. The order was…
The Ahmedabad National Company Law Tribunal (NCLT) on 29 July held that claims arising solely from a Memorandum of Settlement (MoU) or settlement agreement do not constitute “operational debt” under Section 5(21) of the Insolvency and Bankruptcy Code, 2016 (IBC), as such claims do not arise from the supply of goods or services. A Bench…
Tulsa financial center helps residents save $2M, cut debt by $5.3M The Journal Record Read the original article here
The bicycle company that owns the historic Raleigh brand has started insolvency proceedings after failing to find a buyer. The Netherlands-based Accell Group said on Wednesday it had called in administrators after it failed to find a viable solution to continue its operations in their current form. Raleigh was founded in 1887 and grew to…
Bikemaker Accell files for insolvency four years after €1.8bn KKR-led buyout Financial Times Read the original article here
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Ski Yodl Ltd, founded in March 2018, offered ski holiday packages to destinations including the French Alps. The company’s LinkedIn profile described it as “a collective of ski industry professionals driven to create a customer-centric booking experience with skiing at its core”. All holiday packages cancelled as Ski Yodl enters liquidation After eight years, Ski…
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