_________________ The Commercial Division of the High Court has declared Eco Petrol Uganda Limited insolvent over its failure to pay an outstanding debt of about sh488.8 million owed to China Nanjing International Limited. Justice Patience Rubagumya, on July 21, 2026, ruled that the petroleum trading company was unable to pay its debts and ordered that…
_________________ The Commercial Division of the High Court has declared Eco Petrol Uganda Limited insolvent over its failure to pay an outstanding debt of about sh488.8 million owed to China Nanjing International Limited. Justice Patience Rubagumya, on July 21, 2026, ruled that the petroleum trading company was unable to pay its debts and ordered that…
La Crosse’s electric buses are out of commission. LA CROSSE, Wis. (WXOW) — La Crosse’s electric buses are out of commission. According to Adam Lorentz, the director of transit, the buses need maintenance, but the city is struggling to get the parts needed to fix them. That’s because Proterra — the company…
A fraudster who illegally obtained five Covid loans at the height of the pandemic has been jailed. Cardiff-based Rupali Wagh fraudulently applied for £216,250 in Bounce Back Loans for her four companies between May and September 2020. The 50-year-old inflated the turnover of her businesses to secure the loans and used some of the funds…
A fraudster who illegally obtained five Covid loans at the height of the pandemic has been jailed. Cardiff-based Rupali Wagh fraudulently applied for £216,250 in Bounce Back Loans for her four companies between May and September 2020. The 50-year-old inflated the turnover of her businesses to secure the loans and used some of the funds…
Bucharest mayor Ciprian Ciucu has called for the insolvency of the capital’s public transport operator STB, arguing that court-supervised restructuring is the only way to avoid bankruptcy and ensure the payment of employees’ salaries, according to Economica.ro. Speaking at a press conference, Ciucu said STB’s financial situation had become unsustainable and warned that, without entering…
The Supreme Court has issued a stern warning to the directors of real estate developer Parsvnath Developers, making it clear that the company’s ongoing insolvency proceedings cannot be invoked as a defence for failing to comply with orders concerning the dues of homebuyers. A Bench comprising Chief Justice of India Surya Kant, Justice Joymalya Bagchi…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
Plastics company claims former owners stripped assets before ‘contrived insolvency’ Irish Independent Read the original article here
South Africa is losing companies at an alarming rate. Stats SA reports that 225 companies were placed into liquidation in May. So far this year, 1,116 companies have entered liquidation. Behind each failure lies more than the loss of a business: jobs disappear, creditors suffer losses, and productive economic capacity is permanently destroyed. While liquidation…