In a significant development in the ongoing insolvency proceedings involving Supertech Ltd, the National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by Ram Kishor Arora, the former promoter of the real estate firm, challenging the initiation of personal insolvency proceedings against him. Earlier this year, the Delhi bench of the National Company…
The Technical University of Kenya (TUK) is in a tough spot, grappling with a massive Ksh 12 billion debt. This financial turmoil has led to the university being officially declared insolvent by the Parliamentary Committee on Education and Administration. The committee’s investigation into TUK’s current and past management has uncovered some concerning issues. Staff members,…
Image used for representation | Photo Credit: The Hindu An umbrella organisation of workers’ unions has sought action against all those involved in the corrupt liquidation of two paper mills in Assam, paving the way for one of India’s two major indigenous semiconductor plants. Demanding an independent probe under judicial monitoring to uncover further instances…
Insolvency Service disqualifies over 1,000 directors in 2024-25 Cowgills Read the original article here
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…
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…
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…
It depends on how Ferrari does in the future—if demand stays high, the price will go up. The thing is, we don’t really know what would happen if Ferrari went bankrupt or what the demand for their cars would look like. But honestly, I think Ferrari would still be Ferrari. It’s a pretty iconic supercar…
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…
Illinois has some of the highest property taxes in the country. Chapter 9 would allow local governments to address the root cause. “Bankruptcy” is a scary word, but it is a real option for cities in half the states in the country. There are 24 states that authorize local governments to discharge their debts…