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Cape Town – The Western Cape High Court has granted a sequestration order against Sam Buthelezi after he failed to pay the R475 000 agreed to by the close of business last Tuesday. Buthelezi had allegedly misappropriated the pension funds of workers affiliated to the Southern African Clothing and Textile Workers’ Union (Sactwu). Sactwu’s attorney,…
SAB Events & Governance Now Media Limited Announces 5th Creditors Committee Meeting Under Insolvency Process scanx.trade Read the original article here
Southern Co-op will “most likely” go into administration if members vote against the merger with Co-op Group, resulting in store closures and jobs losses, it has warned. CEO Ben Stimson and chair Janet Paraskeva issued the warning in a letter to members yesterday (22 April), as they were “concerned that some of the conversations being…
Colombia’s Oma Secures Its Future After Superintendency Approves Rescue Plan ColombiaOne.com Read the original article here
Educomp CoC Advances Insolvency Process With New Resolution Applicant Framework TipRanks Read the original article here
Boat firm creditors face big shortfall PressReader Read the original article here
Richard Bathgate, restructuring partner and licensed insolvency practitioner at Johnston Carmichael LLP, has been appointed interim liquidator of Centurion Plumbing Services (Scotland) Ltd. The company, which operated depots in Muir of Ord and Elgin, ceased trading on 31 March 2026 due to significant cash flow challenges. All 10 staff were made redundant by the director.…
A Scottish property company has been placed into liquidation. Liquidators were appointed to the company trading in Airdrie following a court action. Companies House documents show liquidators were appointed after FKA Property Limited, which was registered to a West Lothian address, following an action at Livingston Sheriff Court. The company address was changed from Inchwood…
Can firms withhold payments to sanctioned suppliers without facing insolvency? Mint Read the original article here