Over 750 businesses in South Africa insolvent in 2026 – businesstech.co.za
Over 750 businesses in South Africa insolvent in 2026 businesstech.co.za Read the original article here
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Torsion Construction files for administration
Leeds-based Torsion Construction has filed a notice of intention to appoint administrators after suffering liquidity pressures and project-related commercial problems. The filing, issued on 20 July, gives the contractor temporary legal protection from creditor action while its directors consider funding and restructuring options. Torsion Group said difficult construction market conditions, delayed capital events, regulatory changes…
$4.6B CEO: Excellence Is the Capacity to Take Pain｜The Knowledge Project — BigGo Finance
When Kaz Nejatian took over as CEO of Opendoor in early 2026, the company was months from bankruptcy. The former Shopify executive didn’t do change management; he changed every default violently. In the first week, he ended remote work, fired two PR firms by accident, killed two profitable but non‑core business lines, and told the…
Supreme Court Issues Notice On Venugopal Dhoot’s Plea Against Order Upholding Separate Insolvency For VIL, VOVL
The Supreme Court today agreed to hear Videocon founder Venugopal Dhoot’s plea against an NCLAT order upholding separate insolvency proceedings for two group entities – Videocon Industries Ltd. and Videocon Oil Ventures Ltd. A bench of Justice P S Narasimha and Justice Alok Aradhe issued notice on the plea of Dhoot and posted the matter…
MCA Introduces iPIE: A Revolutionary Unified Digital Platform for Insolvency, ETCFO
The Ministry of Corporate Affairs (MCA) has invited comments from stakeholders on a proposed Integrated Platform for Insolvency Ecosystem (iPIE), a unified digital platform aimed at bringing together the multiple institutions, stakeholders and technology systems operating under the Insolvency and Bankruptcy Code (IBC). The ministry on Monday sought suggestions from insolvency professionals, creditors, industry bodies,…
SC agrees to hear Dhoot plea against separate insolvency for Videocon firms
The Supreme Court agreed to hear Videocon founder Venugopal Dhoot’s plea challenging an NCLAT order that upheld separate insolvency proceedings for Videocon Industries and Videocon Oil Ventures. The court issued notice and scheduled the matter for further hearing on August 10 Published Date – 21 July 2026, 02:16 PM New Delhi: The…
SC issues notice on Venugopal Dhoot’s plea against order upholding separate insolvency for VIL, VOVL
New Delhi: The Supreme Court on Tuesday agreed to hear Videocon founder Venugopal Dhoot‘s plea against an NCLAT order upholding separate insolvency proceedings for two group entities – Videocon Industries Ltd. and Videocon Oil Ventures Ltd. A bench of Justices P S Narasimha and Alok Aradhe issued notice on the plea of Dhoot and posted…
Scottish company insolvencies remain stable in June
The number of Scottish companies falling into insolvency remained broadly unchanged year-on-year in June, according to the latest official figures from Companies House. A total of 104 company insolvencies were registered in Scotland during the month, a similar level to June 2025. The total comprised 61 creditors’ voluntary liquidations (CVLs), 41 compulsory liquidations and two…
News: Court declares petrol firm insolvent over sh488.8m deb
_________________ 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…