South Africa: The state owned fibre company that is technically insolvent

State-owned fibre network operator Broadband Infraco is in financial disarray, having been declared technically insolvent since the start of the 2024/25 financial year. Broadband Infraco provides long-distance national and international connectivity to private sector partners and is mandated to provide universal Internet access to South Africa as part of the SA Connect programme. In February,…

NCLT dismisses insolvency plea by invoice discounters against Dunzo

The National Company Law Tribunal (NCLT) at Bengaluru on Tuesday dismissed an insolvency plea filed against quick commerce company Dunzo. A coram of Judicial Member Sunil Kumar Aggarwal and Technical Member Radha Krishna Sreepada said that the plea filed by invoice discounters of Dunzo Digital was not maintainable. The judgment was delivered today after being postponed on three occasions,…