Dresselhaus files for insolvency | Fastener + Fixing Magazine

Dresselhaus files for insolvency 25 July 2025 Joseph Dresselhaus GmbH & Co KG has filed for self administration proceedings with the competent district court in Bielefeld to reorganise itself using the instruments of the Insolvency Code. The court granted the application and confirmed the provisional self administration, paving the way for a comprehensive restructuring of…

NOCK declared “technically insolvent” as MPs order special audit into state oil agency

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…

SC recalls Bhushan Steel Liquidation order

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…

NOCK declared “technically insolvent” as MPs order special audit into state oil agency

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…

NOCK declared “technically insolvent” as MPs order special audit into state oil agency

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…