Interior design firm Unique Fabrics in liquidation

Unique Fabrics has gone into liquidation. File picture. Photo: 123RF Well-known interior design firm Unique Fabrics has gone into liquidation, the latest in a large number of businesses to fold. It was revealed by Centrix on Wednesday that liquidation numbers remain stubbornly high, even as other credit measures improve. Hospitality liquidations were up 45 percent,…

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SA crowd-farming startup Livestock Wealth goes into liquidation

South African crowd-farming startup Livestock Wealth has gone into liquidation after the Gauteng High Court dismissed a business rescue application. Formed in 2015, Livestock Wealth helps clients invest in tangible, growing agricultural assets such as cattle-breeding, free-range oxen, organic garden tunnels and macadamia trees via its platform. Through connecting its network of small-scale partner farmers…

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Lingerie brand that introduced Wonderbra to UK liquidated

Gossard Limited appointed administrators on May 14, 2026, and has officially ceased trading. Founded in 1901, the company introduced the Wonderbra to the UK in the 1960s and became synonymous with innovative lingerie throughout the decades. The Wonderbra gained iconic status in the 1990s, but Gossard was equally known for its wider range of underwear…

₹74.49 Lakh Security Deposit Adjusted Under Master Lease Agreement After Insolvency: NCLAT Terms Transaction Fraudulent but Rejects S.66 Application [Read Order]

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) upheld findings that the adjustment of a ₹74.49 lakh security deposit under a Master Lease Agreement (MLA) was a fraudulent transaction; the Tribunal declined to order recovery under Section 66 of the Insolvency and Bankruptcy Code (IBC). The appeals arose from an order dated 04 June 2024 of the NCLT Mumbai Bench, which had rejected the Resolution Professional’s…