GrabOne returns from liquidation under new Kiwi ownership

Popular deals site GrabOne has relaunched under new Kiwi ownership, nearly a year after the platform went into liquidation. Wellington-based holding company Paradigm Group announced today it has bought GrabOne and is bringing the website back online. The site – which offered users deals on experiences, products and travel – officially relaunched today. Paradigm Group…

Clothing company implicated in sweatshop scandal cries foul

A photo taken by inspectors from the National Bargaining Council for the Clothing Manufacturing Industry at a sweatshop in KwaZulu-Natal. Photo supplied. The National Bargaining Council for the Clothing Manufacturing Industry is seeking to liquidate Drake Clothing, alleging it contracts with unregistered sweatshops. Drake Clothing, which supplies Pep, Mr Price and Foschini, has accused the…

Banxso’s final liquidation – Moneyweb

The Western Cape High Court has ordered that online trading platform operator Banxso (Pty) Ltd be placed into final liquidation, concluding that the company is insolvent, operated unlawfully and can no longer function as a viable business. The judgment, delivered on Monday by Judge J Le Grange, follows an earlier provisional winding-up order granted on…

IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]

The Insolvency andBankruptcy Board of India’s (IBBI) Disciplinary Committee (DC) has dismissed preliminary objections raised by an Insolvency Professional (IP) in proceedings arising from his role as Resolution Professional (RP) in the Corporate InsolvencyResolution Process (CIRP) of Gemus Engineering Limited. The matter stems from a complaint filed after Anchalia’s tenure as RP ended in December…

Clothing company implicated in sweatshop scandal cries foul

A photo taken by inspectors from the National Bargaining Council for the Clothing Manufacturing Industry at a sweatshop in KwaZulu-Natal. Photo supplied. The National Bargaining Council for the Clothing Manufacturing Industry is seeking to liquidate Drake Clothing, alleging it contracts with unregistered sweatshops. Drake Clothing, which supplies Pep, Mr Price and Foschini, has accused the…