The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
Supreme Court: While considering this review petition filed in respect of Supreme Court’s decision dated 2-5-2025 in Kalyani Transco v. Bhushan Power & Steel Ltd., 2025 SCC OnLine SC 1010, whereby the Court had directed the liquidation of Bhushan Steel and rejected the Resolution Plan by JSW; the Division Bench of B.R. Gavai, CJ and…
“I’ve been forced into bankruptcy as a result of a defamation case where I was found to be unsuccessful, owing a vet clinic $320,000 in damages,” Peterson said. “And that doesn’t even include their legal costs, putting my debt to over half a million dollars. “During the trial, I was forced to produce financial and…
Germany’s “oldest and biggest” gay dance club has declared itself bankrupt after nearly half a century in business, falling victim to inflation and an evolving party culture threatening Berlin’s nightlife. Management troubles and dating apps were among the factors putting SchwuZ on the ropes last year and in May the club shortened its opening hours,…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
John Arne Riise was declared bankrupt just two years after winning the Champions League with Liverpool. The left-back played a crucial role at Anfield during Rafael Benitez’s tenure, but struggled with financial issues off the field. Riise is best known for his thunderbolt of a left-footed shot and some unique hairstyles. The Norwegian scored an…
How Abengoa Group impacted the Spanish economy EY Read the original article here
The company that would one day become Genesis HealthCare was founded four decades ago this year. By 2015, it became one of the largest post-acute care providers in the country with more than 500 skilled nursing centers across 34 states, according to its website. But as the health care chain quickly expanded, it also faced…
Tesla (TSLA) is not paying its bills, and this has led to at least two small American businesses going bankrupt. The automaker had over $110 million in liens with contractors over the last 5 years. CNN released a new report that examines lien claims from contractors hired by Elon Musk’s companies in Texas, particularly Tesla.…