REVEALED: Liquidator appointments for businesses in the Liverpool Plains council area for September 15 The Daily Telegraph Read the original article here
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REVEALED: Liquidator appointments for businesses in the Cardinia council area for September 17 Herald Sun Read the original article here
RBI FAQ clarifies whether ARCs can compete with strategic buyers in IBC proceedings MUMBAI: RBI has cleared the way for smaller asset reconstruction companies (ARCs) to participate in insolvency proceedings as co-resolution applicants and acquire financial assets under a resolution plan without meeting the Rs 1,000-crore net owned fund (NOF) threshold otherwise prescribed for ARCs…
REVEALED: Liquidator appointments for businesses in the Mosman Park council area for September 15 The Daily Telegraph Read the original article here
When state-owned fuel company, PetroSA, walked into the boardroom at its Parow head office, it was owed R227-million. By the time it walked out, it had agreed to a deal so toxic that it now faces the possibility of losing R1.4-billion instead – and potentially liquidation. The meeting had been called in May 2025 to…
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The state-owned fuel company, PetroSA, faces liquidation after entering into a settlement with an obscure but ambitious fuel trader, Nako Energy. By the end of 2024, PetroSA and Nako owed each other close to a billion rand, with the balance working out to R227 million in PetroSA’s favour. Six months later, PetroSA officials told Parliament…
*This content was translated by AI. Prinz & Co. Stahlrohre, a German manufacturer of precision steel pipes and automotive parts with a 130-year history, recently filed for bankruptcy.The company could not withstand the prolonged slump in Europe’s auto industry, sharp increases in raw material and energy prices, and weak summer sales. Analysts widely view this…