Insolvency and Bankruptcy Code (Amendment) Act, 2026 | Current Affairs

Why in News? Parliament passed Insolvency and Bankruptcy Code (Amendment) Act, 2026. About Insolvency and Bankruptcy Code, 2016  It was enacted to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner. Insolvency is a situation where individuals or companies are unable to repay their…

KUSCCO officially liquidated through Gazette Notice

KUSCCO has officially been placed under liquidation. The union faces a Ksh11.6 billion financial deficit. Three officials will oversee the liquidation. KUSCCO has been placed under liquidation via Gazette Notice No. 13997, after members resolved to dissolve the union amid a Ksh 11.6 billion deficit. The Kenya Union of Savings and Credit Co-operative Societies (KUSCCO)…

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To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…

Logistics giant ACFS placed in external administration

ACFS is one of Australia’s largest trucking and container logistics operations. Image: ACFS One of Australia’s largest container transport and logistics businesses has been placed into administration by specialist lender ScotPac, just one day before a Federal Court hearing over a reported tax debt of almost $60 million. The Australian Financial Review reported Salea Advisory…