Paradigm Biopharmaceuticals has entered voluntary administration. The Melbourne drug developer made the move after an interim result halted its Phase 3 trial, and now hopes to restructure its debts while assessing what the trial data can still offer. Read the original article here
The Supreme Court held that tribunals can recall insolvency proceedings begun through fraud and collusion, but need not always end them, and sent the Greenopolis case back to NCLT. – Orris Infrastructure Private Limited v. Rakesh Kumar Gupta & Ors. The Supreme Court has ruled that the insolvency tribunal can recall a corporate insolvency process…
Copia Kenya is being wound up after the High Court ordered the e-commerce company into liquidation, ending a more than two-year attempt to rescue the business. The court’s order moves Copia from administration, where the focus was on keeping the company alive or finding a way to restructure it, to liquidation, where its remaining assets…
The High Court has rejected an application by Rupsa Sacco seeking to liquidate the Kenya Union of Savings and Credit Co-operatives (Kuscco) over an unpaid Sh108.8 million debt. Kuscco owes Ruiru-based Rupsa Sacco Sh108.8 million. The court ruled that Kuscco, being registered as a co-operative society, cannot be wound up through a creditor’s petition under…
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) shareholders approved the company’s liquidation and dissolution on September 29, advancing a wind-down that follows the mortgage REIT’s April sale of its loan portfolio and subsequent review of strategic alternatives. The proposal received approximately 72.2 million votes in favor, 799,088 against and 439,400 abstentions. About 57.1% of…
OJSC ‘Tunduk’ is being voluntarily liquidated. The decision was taken by the company’s sole shareholder on 24 September 2026. The company was established in July 2025 on the basis of the state institution ‘Tunduk’. In August 2026, the Cabinet of Ministers decided to wind up the OJSC and transfer its functions, assets and resources to…
Copia Kenya built an e-commerce and distribution network around local agents serving rural and peri-urban customers before entering administration in 2024 and liquidation in September 2026. The e-commerce startup’s remaining realisable assets stand at just Sh206.6 million as its failed rescue gives way to liquidation. Investors poured Sh15.9 billion into the venture over its lifetime. Copia…
Nevada Copper stock faces liquidation overhang after asset sale AD HOC NEWS Read the original article here
REVEALED: Liquidator appointments for businesses in the Baw Baw council area for September 30 Herald Sun Read the original article here
Kenyan court orders liquidation of $123m-funded Copia Kenya TechCabal Read the original article here