In the latest liquidation progress report, dated 29 May 2026, it was stated: “Since my last progress report, I have been liaising with the director’s solicitor in order to achieve an amicable resolution in relation to the payment made to the director prior to the company entering liquidation.” The report added: “This matter is ongoing…
By Charmaine Ndlela Tongaat Hulett has been pulled back from the brink of liquidation after its business rescue practitioners reached an agreement with the Industrial Development Corporation (IDC) and Vision Group to keep the 134-year-old sugar producer trading and proceed with its sale. The agreement, reached on Wednesday, clears the way for the implementation of…
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A catastrophic liquidation process for South Africa’s century-old sugar giant has been halted at the eleventh hour. On Wednesday, the exact day a high-stakes liquidation hearing was scheduled to commence in the High Court of South Africa in Durban, the Business Rescue Practitioners of Tongaat Hulett Limited, the Industrial Development Corporation (IDC), and the Vision…
Durban High Court Judge Rithi Singh agreed to withdraw the application to place Tongaat into provisional liquidation on Wednesday. Archival photo: Nomfundo Xolo The Tongaat Hulett liquidation application was withdrawn at the 11th hour after talks running late into the night produced an agreement for the IDC to continue funding the company until the end…
UK travel agency plunges into liquidation after more than 40 years in business The Bury Times Read the original article here
Supreme Court: In an appeal arising out of Calcutta High Court’s judgment dated 11 May 2026, wherein Company Court’s order transferring pending winding-up proceedings concerning Martina Bio Genics Pvt. Ltd. (in liquidation) from High Court to the National Company Law Tribunal, Kolkata Bench (NCLT) was upheld, the Division Bench of S.V.N. Bhatti and Atul S.…
UK travel agency plunges into liquidation after more than 40 years in business The Impartial Reporter Read the original article here
The Speaker of Parliament, Dr. Jagath Wickramaratne, has endorsed the certificate on the Rescue, Rehabilitation and Insolvency (Corporate and Personal) Bill today (17). According to a statement issued by the Department of Communication of Parliament, the Bill was first read in Parliament on 17 March 2026 and was subsequently passed by Parliament following a…
French plant-based producer SWAP Food, formerly known as Umiami, has been placed into judicial liquidation by the Paris Economic Activities Court. The company, which had raised more than €100 million since its founding in 2020, will continue operations until June 30, with an asset sale process expected to conclude by July 1, as reported by…