High Court Judge Francis Gikonyo has ordered the liquidation of Redhouse Group, a Kenyan marketing communications firm, after failed attempts to rescue the company from insolvency. The judge appointed an official receiver as provisional liquidator following a report from the court-appointed administrator who declared efforts to revive the company unsuccessful. The administrator had been in…
Liquidation of struggling electrolyser maker McPhy delayed to allow it more time to find a buyer Hydrogen Insight Read the original article here
Louis Leonard Gerber and Matthew Wright, from court-appointed liquidators Leonard Curtis, are winding up the affairs of Hurel Ltd, the company which RG Falla became shortly before it was placed into liquidation in March 2023. They have taken their case to the Royal Court, claiming that the defendants failed in one or more of their…
CCIC Singapore forced into liquidation and staff cuts after US sanctions freeze bank accounts The Online Citizen Read the original article here
Popular yogurt and dairy brands toppled by milk shortage The West Australian Read the original article here
Mama Rocks – Burger Kitchen Limited, a Nairobi-based gourmet burger chain, is facing possible liquidation following a petition filed by one of its co-founders, Samantha Amimo Mwedekeli. Court filings reveal that Mwedekeli submitted a petition for the company’s winding up on October 16, 2024 with the hearing now scheduled for 12th June. On the same…
NCLAT upholds insolvency proceedings against Jaypee Cement Corporation Prop News Time Read the original article here
Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order] Taxscan Read the original article here
The IBBI has notified amendments to the regulations governing corporate insolvency, aiming to streamline procedures, protect creditor interests, and encourage greater investor participation in resolution processes. The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency Resolution Process for Corporate Persons Fourth Amendment regulations, 2025 on May 26, according to a release. Among the…
Konvoy NZ in liquidation with $8.37m debt; sale talks continue BusinessDesk | NZ Read the original article here