Bentley was all set to go bankrupt but one man saves it by buying…, he is from a small country named… India.com Read the original article here
Richard Balfour-Lynn, the property magnate and founder of Balfour Winery, has been declared bankrupt, according to The Times, following his failure to pay millions in compensation to shareholders impacted by the collapse of MWB Group, the former parent company of luxury retailer Liberty. At the heart of the case is MWB Group, the holding company…
Gov’t to go bankrupt, Filipinos to go hungrier Philstar.com Read the original article here
The listed owner of law firm Rosenblatt is headed towards administration after rescue talks collapsed, the company admitted today. RBG Holdings had been in discussions with its founder and biggest shareholder Ian Rosenblatt and one other party about securing a solution for the company, embroiled in a boardroom dispute. But in a statement to the…
True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday. In a press release, True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated locations during the Chapter…
Party says Jabu Mbalula’s appointment highlights gross failure in governance and accountability ActionSA demands accountability for the appointment of insolvent acting Premier Jabu Mbalula 19 December 2024 ActionSA is deeply concerned about the shocking revelations surrounding the appointment of Jabu Mbalula as Acting Premier of the Free State. This appointment, marred by allegations of insolvency…
The trucking company found responsible for the deaths of four police officers on the Eastern Freeway will never pay its record $2.31 million fine after the business was declared insolvent despite previously earning millions of dollars in profit. Connect Logistics was the operator of a truck that slammed into two police cars in the emergency…
Bankruptcy trends to watch in 2025 Reuters Read the original article here
Harju County Court declared the bankruptcy of Aktsiaselts Nordic Aviation Group, which ran the Nordica airline, on Tuesday. The bankruptcy order is subject to immediate enforcement. An appeal can be submitted within 15 days, but it will not suspend the enforcement of the order. Attorney-at-law Tarmo Peterson and Indrek Lepsoo from the Rask law firm…
“The Reserve Bank has today superseded the board of directors of Aviom India Housing Finance Private Limited (the company) owing to governance concerns and defaults in meeting various payment obligations, and appointed Shri Ram Kumar, ex-Chief General Manager of Punjab National Bank, as the Administrator under Section 45-IE(2) of the Reserve Bank of India Act,…