The outcome for creditors owed money by Tongaat Hulett hung in the balance as its provisional liquidation application was heard in the Durban High Court today. This follows the collapse of its business rescue plan earlier this year. The hearing marks a decisive moment for the embattled sugar producer, which has been under business rescue…
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On April 22, 2026, Getaround’s subsidiaries agreed to sell, and effective April 30, 2026 consummated the sale of, the company’s European car-sharing business to Denmark-based GoMore ApS for approximately 31.5 million euros in cash and a non-interest-bearing promissory note, plus up to 2.3 million euros in additional tax-credit receivables. The deal includes customary indemnities tied…
A company that owned a network of petrol stations around Australia has struck a deal to repay a fraction of its debts for environmental contamination of a site earmarked for a local hospital, after its directors were accused of selling off the company’s properties in the lead-up to its collapse. The liquidator of Zoya Investments…
The Corporate Insolvency and Governance Act has received Royal Assent and came into force on 26 June 2020. This was published under the 2019 to 2022 Johnson Conservative government The Act is the largest change to the UK’s corporate insolvency regime in more than 20 years. It introduces new corporate restructuring tools and temporary easements…
Court orders director to personally pay penalties after company underpaid 16 workers hcamag.com Read the original article here
ICAI nominates senior Bengaluru Chartered Accountant and Insolvency Professional Vinay Mruthyunjaya to its key Insolvency, Bankruptcy and Valuation Board Committee for the 2026-27 term. The Institute of Chartered Accountants of India (ICAI) has announced the nomination of Bengaluru-based Chartered Accountant and Insolvency Professional Vinay Mruthyunjaya as a Member of its Insolvency, Bankruptcy and Valuation Board…
Mark Roberts Motion Control is being closed down after entering into liquidation on 22 May. The liquidation announcement came less than two months after MRMC was sold by Nikon to a new company set up by Blandford Capital, a private investment office. MRMC had a strong brand and technical pedigree, and was actively promoting new…
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‘Unrivalled’ UK clothing company collapses into liquidation after 41 years South Wales Argus Read the original article here