The seven directors Ministry of Business, Innovation and Employment has banned running companies

Liquidation

Liquidators said Green withheld information, changed contact details and indicated plans to relocate overseas. “This non-cooperation limited the liquidator’s ability to fully assess the company’s financial position,” the final liquidator’s report said. The company has since been removed from the Companies Register owing creditors about $187,000. Meanwhile, Scaffold Alchemy Limited director Marcus Kennerley was also…

Insolvency Bankruptcy Code Amendment Act 2026 India…

Liquidation

The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (No. 6 of 2026), which received Presidential assent on 6 April 2026, represents the most comprehensive legislative overhaul of India’s insolvency framework since the Code’s enactment in 2016. By notification dated 22 May 2026, the Ministry of Corporate Affairs appointed 26 May 2026 as the date of…

NAGP goes into liquidation – Medical Independent

Liquidation

The NAGP has entered into voluntary liquidation, GP members have been informed.  In an official member update from NAGP Directors Drs Andrew Jordan and James Stacey, issued at lunchtime today (Wednesday 22 May), it was announced the trade union’s holding company (NAGP) had entered voluntary liquidation with “regret and a heavy heart”.  The “business part”…

Why the commencement date of liquidation is important, and how its possible manipulation should be interrogated

Liquidation

The case of Enyuka Prop Holdings (Pty) Ltd v United Merchants CC and Others 2025 JDR 2947 (GJ) untangles a web of what the court described as “collusive dealings” between two related close corporations, United Merchants CC (United) and Truval Manufacturers CC (Truval). This judgment is important because it shows that the courts are prepared to “untangle…

Tongaat Hulett: Farmer-led group forms as liquidation looms

Liquidation

With the crucial liquidation hearing of Tongaat Hulett less than a month away and no firm solution in sight to prevent the company’s collapse, a newly formed grower-led entity has emerged to spearhead a rescue mission. Named “GrowerCo”, the initiative aims to secure the necessary funding to keep Tongaat Hulett’s mills and refinery operational. Unlike…