REVEALED: Liquidator appointments for businesses in the Cardinia council area for September 17 – Herald Sun
REVEALED: Liquidator appointments for businesses in the Cardinia council area for September 17 Herald Sun Read the original article here
RBI allows small ARCs to join bids in insolvency cases
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
REVEALED: Liquidator appointments for businesses in the Mosman Park council area for September 15 The Daily Telegraph Read the original article here
AmaBhungane Centre for Investigative Journalism
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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PetroSA was owed R227m. It may end up losing R1.4bn instead – or even go into liquidation
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…
Even a 130-year-old company goes bankrupt… Germany’s auto industry enters prolonged slump
*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…
Cue Clothing collapses, enters voluntary administration as future of Veronika Maine brand, stores in doubt
Cue Clothing Co failed to make payments to its landlords and suppliers in the months before the retailer, which has operated for six decades, collapsed. On Tuesday, The Australian Financial Review revealed that Cue and the Veronika Maine brands were placed into voluntary administration by its British owners, Hilco Capital. Loading… Read the original article…
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