Tongaat head office stripped of expensive paintings and antiques ahead of a possible visit by liquidators. Photo supplied The Durban High Court will hear arguments next week on whether to liquidate sugar giant Tongaat-Hulett. The SA Canegrowers Association says 27,000 small-scale growers, tens of thousands of farm workers, and entire rural communities face devastating consequences…
The National Company Law Tribunal (NCLT) New Delhi Bench recalled the insolvency admission order against Presidium Educational Institution Pvt. Ltd. And held that the Corporate Insolvency Resolution Process (CIRP) had become fundamentally flawed due to missing financial records, lack of transparency, asset opacity and serious procedural irregularities. The RP submitted that despite extensive efforts after…
Synopsis: In a disclosure filed with NSE on June 10, 2026, Voler Car Limited has been declared the highest bidder (H1) for Blu-Smart Mobility Limited, currently undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 a development that has put the NSE-SME listed employee transportation company in focus, though the transaction remains…
ES Broadcast Ltd enters voluntary liquidation TVBEurope Read the original article here
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The amount that liquidators are seeking marks one of the largest corporate claims ever in Hong Kong [HONG KONG] The liquidation of China Evergrande Group, the collapsed property developer, is raising concerns among some partners at its former auditor PricewaterhouseCoopers China about the potential impact on their own finances. Several partners at PwC’s Hong Kong…
Kees Beyers accuses Woolworths of inflicting maximum damage and bankrupting his business Daily Investor Read the original article here
Despite this, the primary criticism of the IBC remains its long timelines. By late 2025, the Insolvency and Bankruptcy Board of India (“IBBI”) recorded that the average duration of the Corporate Insolvency Resolution Process (“CIRP”) had drifted past 600 days, far exceeding the statutory limit of 330 days under Section 12(1). The Insolvency and Bankruptcy…