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The number of bankruptcies is rising logos-pres.md Read the original article here
Only Security Created Over Corporate Debtor’s Assets Confers Secured Creditor Status: NCLT Kochi LiveLawBiz Read the original article here
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 Archival photo: Nomfundo Xolo The Tongaat Hulett liquidation application was withdrawn at the 11th hour after talks running late into the night produced an agreement for the IDC to continue funding the company until the end…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.…