Caretaker ordered to refund Sh36m from fallen Resolution Health Insurance – Business Daily
Caretaker ordered to refund Sh36m from fallen Resolution Health Insurance Business Daily Read the original article here
Copper region will drive the economy, Prime Minister says, yet mines stalling
Growing up in an outback Queensland town where mining and cattle are king means Sarah Parker is familiar with the cycles of boom and bust, and seasons good and poor. But losing her job as a process operator at a small copper mining project near her hometown of Cloncurry in November was still a shock.…
Keybridge’s lawyer warned against using administration to avoid board spill
A lawyer acting for Nick Bolton’s Keybridge Capital warned the company that it could be accused of concocting a voluntary administration to maintain control of the ASX-listed cashbox. Keybridge has been engaged in a bitter year-long feud with its largest shareholder Wilson Asset Management, whose founder Geoff Wilson gained the upper hand after a dramatic…
NCLT admits insolvency proceedings against AVIOM India Housing Finance, ET RealEstate
representative image NEW DELHI: The National Company Law Tribunal (NCLT) has admitted the application for commencement of corporate insolvency resolution process against AVIOM India Housing Finance. On January 27, the Reserve Bank had superseded the board of AVIOM owing to governance concerns and defaults in meeting various payment obligations, and appointed Ram Kumar, ex-CGM of…
Rise in corporate insolvencies in England and Wales
The number of corporate insolvencies in England and Wales has risen ahead off business cost rises in April. Figures for January showed that 1,852 firms became insolvent, up 10.7% on a year earlier and 13.1% on 2023. Compared to December the level was up 6.5% Personal insolvencies decreased by 3.4% in January to 9,706 compared…
Could Strategy (MSTR) Be Pressured to Sell $43 Billion in Bitcoin?
Strategy’s (formerly MicroStrategy) stock (MSTR) has taken a significant hit. The stock fell by double digits following a sharp decline in Bitcoin’s (BTC) price. As speculation swirls over whether the company could be forced to liquidate its Bitcoin holdings, The Kobeissi Letter weighed in, suggesting that while such a move remains highly unlikely, it’s not…
Latest on sales, gift cards, closing date – The Oakland Press
The fabric and craft retailer Joann, which had already announced the closure of hundreds of stores, this week said the chain will shut down completely. Here’s what’s known about the liquidation process: When will the stores close? No date has been announced, and employees also apparently have not been told yet. On social media, staff…
Pencil club situation was hopeless, says business rescue practitioner
Durban’s Pencil Club — a networking venue for the rich and famous — did not have sufficient money to keep going even until June. Business rescue practitioner Eugene Nel was appointed by the club’s directors earlier this month in an attempt to stave off liquidation. But on Wednesday Nel said it was hopeless. TimesLIVE Premium…
No Cookies | Herald Sun
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Strategy’s Bitcoin Bet Under Pressure: Could a Forced Liquidation Happen?
When Strategy stock plunged more than 11% on Tuesday morning, fears of a potential forced liquidation from the self-described “Bitcoin Treasury” company spread across markets. While those fears are not unfounded—as the company is the largest corporate entity holding Bitcoin—concerns may be overblown. That’s because structural safeguards make a forced liquidation scenario for Strategy “highly…