The Federal High Court of Nigeria has established an Insolvency Unit to modernise and update insolvency practice and proceedings in the country. The unit was created by the Chief Judge of the court, Justice John Tsoho, as part of concerted efforts to ensure that the court meets the expectations of all aspects of the law…
13 Firefighters Declared Bankrupt Taken Disciplinary Action BERNAMA Read the original article here
Liberty Galati, the sole integrated steel producer in the region, hopes to resume full operations at a capacity of 2 million tonnes per year, about two-thirds of its nameplate capacity according to the pre-insolvency request approved by the court this month – and the revised European Union’s strategies in the sectors of defense and energy…
The Federal High Court Headquarters has announced the creation of an ‘Insolvency Unit’ for the Court, aimed at addressing the implementation of laws relating to company restructuring and dissolution in Nigeria. According to the court, the laws related to “Company Voluntary Arrangements (CVA), Administration, Receivership, Winding Up (Dissolution), and various forms of restructuring of companies”…
Nova Property Group, the rescue vehicle of the failed R4.6 billion Sharemax property syndication scheme, is insolvent. Nova’s annual financial statements (AFS) for the year ending February 2024 reveal a company in severe financial distress, with mounting debt, unpaid taxes and severe cash flow constraints. It is also clear that Nova cannot repay the former…
Techindia Nirman Limited Schedules Third CoC Meeting Amidst Insolvency Proceedings TipRanks Read the original article here
A Total Of 5,272 Youths Declared Bankrupt Since 2020 BERNAMA Read the original article here
KATIE Price was discharged from her second bankruptcy this week – and has now vowed to claw back her lost £100million fortune. It brings to an end six years of financial hell for the 46-year-old model, and she has now been discharged from her second bankruptcy, relating to an unpaid tax bill of over £750,000. …
Bengaluru-based Ola Electric has encountered significant challenges at the start of the year. The company is already struggling with sales, due to which it has dropped down to fourth position in the Indian EV race, according to data from Vahan portal. Earlier, the company had cited that this drop in sales was due to changes…
KATIE Price has revealed she spends a whopping £700 a week on the food shop. The 46-year-old admitted even though she splashes out almost a grand on her grub every seven days – she still needs a trip to the store mid-week to “top up.” 6 Katie Price has revealed she spends a whopper £700…