Copia Kenya is being wound up after the High Court ordered the e-commerce company into liquidation, ending a more than two-year attempt to rescue the business. The court’s order moves Copia from administration, where the focus was on keeping the company alive or finding a way to restructure it, to liquidation, where its remaining assets…
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Representational image only. | Photo Credit: X/@dir_ed “The Enforcement Directorate (ED) on Wednesday (September 30, 2026) conducted searches at a dozen locations in Kolkata in a money-laundering investigation against a Kolkata-based group accused of a bank loan fraud exceeding ₹820 crore and the subsequent “misuse” of the Insolvency and Bankruptcy Code (IBC),” officials said. Agency…
National Debt Relief research finds younger generations are more likely than older Americans to confide in AI over loved ones for financial guidance, to prioritize financial security over having kids, and to feel a debt-free life is out of reach NEW YORK, Sept. 30, 2026 /PRNewswire/ — National Debt Relief, the industry leader in debt…
The High Court has rejected an application by Rupsa Sacco seeking to liquidate the Kenya Union of Savings and Credit Co-operatives (Kuscco) over an unpaid Sh108.8 million debt. Kuscco owes Ruiru-based Rupsa Sacco Sh108.8 million. The court ruled that Kuscco, being registered as a co-operative society, cannot be wound up through a creditor’s petition under…
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) shareholders approved the company’s liquidation and dissolution on September 29, advancing a wind-down that follows the mortgage REIT’s April sale of its loan portfolio and subsequent review of strategic alternatives. The proposal received approximately 72.2 million votes in favor, 799,088 against and 439,400 abstentions. About 57.1% of…
FOR many South Africans, a bet on a soccer match or a quick spin on an online gambling app may seem like harmless fun. A R20 here. R50 there. Maybe R100 on payday. But when money is already tight, those small bets can quickly add up. And when people start gambling with money meant for…
OJSC ‘Tunduk’ is being voluntarily liquidated. The decision was taken by the company’s sole shareholder on 24 September 2026. The company was established in July 2025 on the basis of the state institution ‘Tunduk’. In August 2026, the Cabinet of Ministers decided to wind up the OJSC and transfer its functions, assets and resources to…
Copia Kenya built an e-commerce and distribution network around local agents serving rural and peri-urban customers before entering administration in 2024 and liquidation in September 2026. The e-commerce startup’s remaining realisable assets stand at just Sh206.6 million as its failed rescue gives way to liquidation. Investors poured Sh15.9 billion into the venture over its lifetime. Copia…
The National Company Law Appellate Tribunal (NCLAT), Chennai, has held that a personal guarantor who settled a corporate debtor’s dues with its financial creditor, did not become a financial creditor in the liquidation proceedings. A bench of Judicial Member Justice Sharad Kumar Sharma and Technical Member Jatindranath Swain found that there was no assignment of…