US probes software firm Builder.ai before insolvency filing – Tech in Asia
US probes software firm Builder.ai before insolvency filing Tech in Asia Read the original article here
Why Liberated Brands Went Bankrupt — Behind the Collapse – Industry Leaders Magazine
Why Liberated Brands Went Bankrupt — Behind the Collapse Industry Leaders Magazine Read the original article here
Ex-Keroche MD files insolvency petition over Ksh.45M unpaid dismissal award
By Dzuya Walter Published on: May 26, 2025 05:05 (EAT) Former Keroche Breweries Managing Director Sam Krus Shollei has filed an insolvency petition against the embattled company, seeking recovery of over Ksh.45 million awarded to him in a 2022 judgment for wrongful and unfair dismissal. The petitioner, who served as Managing Director of the Naivasha-based…
Retail businesses face ‘silent depression’ as insolvencies surge
An analysis of ASIC insolvency data by BDO Australia has revealed a struggling SME retail sector, with recent data finding the highest annual number of business insolvencies on record. According to the firm’s research, ASIC reported that in the first half of the 2024–2025 financial year, there were 7,483 insolvency appointments., a 47.1 per cent…
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Kwik’s Parent Company Declared Bankrupt in Netherlands, But Operations in Nigeria Remain Unshaken – Innovation Village
Africa Delivery Technologies Holding, the Dutch-based parent company of Nigerian logistics startup Kwik, has been declared bankrupt by a court in Amsterdam following a creditor-led legal dispute. The bankruptcy, however, does not directly affect Kwik’s daily operations in Nigeria, where the company continues to serve over 300,000 merchants and recently secured $1 million in new…
Supreme Court orders status quo on liquidation of Bhushan Power and Steel | India News
The Supreme Court on Monday ordered status quo on proceedings pending before the National Company Law Tribunal (NCLT) for the liquidation of Bhushan Power and Steel Ltd (BPSL). A bench of Justices B V Nagarathna and Satish Chandra Sharma issued the direction after noting that the limitation period is not yet over for JSW Steel…
Divido calls in the administrators
White label buy now, pay later player Divido has been declared insolvent. Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Launched in 2014, Divido’s platform connected lenders, merchants and partners at the point of sale, enabling sellers to offer their…
Metropolitan Sacco now insolvent, declares State – MSN
Metropolitan Sacco now insolvent, declares State MSN Read the original article here
Felix Koskei Reveals 23 Public Universities Are Insolvent, Issues Warning to All Civil Servants
The Head of Public Service, Felix Koskei, has issued a resounding warning to university administrators while revealing investigations have discovered 23 public universities in the country are technically insolvent. In an op-ed published in a local daily, Koskei stated that the ongoing forensic audit was paramount to trace the mismanagement of resources in these institutions,…