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,…
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,…
US probes software firm Builder.ai before insolvency filing Tech in Asia Read the original article here
Why Liberated Brands Went Bankrupt — Behind the Collapse Industry Leaders Magazine Read the original article here
By Dzuya Walter Published on: May 26, 2025 05:05 (EAT) Former Keroche Breweries Managing Director Sam Krus Shollei has filed an insolvency petition against the embattled company, seeking recovery of over Ksh.45 million awarded to him in a 2022 judgment for wrongful and unfair dismissal. The petitioner, who served as Managing Director of the Naivasha-based…
An analysis of ASIC insolvency data by BDO Australia has revealed a struggling SME retail sector, with recent data finding the highest annual number of business insolvencies on record. According to the firm’s research, ASIC reported that in the first half of the 2024–2025 financial year, there were 7,483 insolvency appointments., a 47.1 per cent…
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Africa Delivery Technologies Holding, the Dutch-based parent company of Nigerian logistics startup Kwik, has been declared bankrupt by a court in Amsterdam following a creditor-led legal dispute. The bankruptcy, however, does not directly affect Kwik’s daily operations in Nigeria, where the company continues to serve over 300,000 merchants and recently secured $1 million in new…
The Supreme Court on Monday ordered status quo on proceedings pending before the National Company Law Tribunal (NCLT) for the liquidation of Bhushan Power and Steel Ltd (BPSL). A bench of Justices B V Nagarathna and Satish Chandra Sharma issued the direction after noting that the limitation period is not yet over for JSW Steel…
White label buy now, pay later player Divido has been declared insolvent. Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Launched in 2014, Divido’s platform connected lenders, merchants and partners at the point of sale, enabling sellers to offer their…