Technical University of Kenya Declared Insolvent, Faces Collapse – MSN
Technical University of Kenya Declared Insolvent, Faces Collapse MSN Read the original article here
Indofarma Global Medika declared bankrupt amid ongoing graft investigation
PT Indofarma Global Medika, a subsidiary of State-owned pharmaceutical company PT Indofarma (INAF), was declared bankrupt by the Supreme Court through its ruling on Monday, February 10, 2025. “The status of the decision is granted,” said the Court ruling as quoted on Tuesday, February 11, 2025. In addition, the Court ruling also appointed four curator…
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This page either does not exist or is currently unavailable. From here you can either hit the “back” button on your browser to return to the previous page, or visit the ABCNews.com Home Page. You can also search for something on our site below. STATUS CODE: 404 Read the original article here
57-unit Burger King operator goes bankrupt
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Consolidated Burger Holdings, a Burger King franchisee, filed for Chapter 11 bankruptcy protections on Monday, according to court documents filed with the U.S. Bankruptcy court for the Northern District of Florida. As of…
Another farmer who voted for Trump feeling pain — while buddies go bankrupt
A soybean farmer who voted for President Donald Trump is begging for his help. Caleb Ragland, 38, from Magnolia, Kentucky, penned an a piece published in The Free Press last week calling on Trump to help the farmers as he continues to escalate a costly trade war with China. Citing the high tax rate on…
TUK declared insolvent as Parliament orders forensic audit into Sh12bn debt
The Technical University of Kenya (TUK) has officially been declared financially insolvent by the National Assembly, as fresh revelations expose deep-rooted mismanagement and a staggering Sh12 billion debt burden that has crippled the institution. This comes amid shocking disclosures that no employee at TUK has received a full salary since 2013, the same year…
Act that gives legislative backing to Cape Town Convention
The government of India notified the Protection of Interests in Aircraft Objects Act, 2025, which provides protection to aircraft lessors against moratorium rules under the Indian insolvency law. The act aligns India’s aviation laws with the Cape Town Convention (2001) and its Aircraft Protocol, to which India acceded in 2008, and aims to strengthen aircraft…
TUK: Technical University Declared Insolvent Amid Ksh12 Billion Debt Crisis
The Parliament has declared the Technical University of Kenya (TUK) insolvent, citing an overwhelming debt of Ksh12 billion that has crippled the institution’s operations. To declare something insolvent means to formally recognise that an entity, such as a business, organisation, or individual, cannot pay its debts as they come due. The decision, which was…
CFO of Ansal Properties and Infra resigns over unpaid salaries
Prashant Kumar has officially resigned from his positions as Chief Financial Officer (CFO) and President (Accounts and Finance) of Ansal Properties and Infrastructure Limited (APIL), with the resignation taking effect from April 4, 2025. This decision, initially under consideration, was formally accepted during the second Meeting of the Committee of Creditors (COC) of APIL, held…
‘Risk of insolvency’ at parent company of N.B. nuclear developer
Saint John-based Moltex Energy Canada Inc. is hoping potential new owners for its overseas parent company will breathe new life into its development of small modular nuclear reactor technology in the province. But the company acknowledges that cash flow problems at its U.K.-based parent company have slowed down those efforts. There is “a risk of…