AmaBhungane Centre for Investigative Journalism

On Friday, 27 February, the Business Rescue Practitioners and their lawyers will approach the High Court in Durban to request the provisional liquidation of Tongaat Hulett Limited (THL), the company that is a crucial backbone of the rural economy in northern KwaZulu-Natal. They will act in the knowledge that their own fees, racked up over…

NCLAT Calls Off Insolvency for Realty Giant Mahagun

The National Company Law Appellate Tribunal (NCLAT) has ended insolvency proceedings against the real estate powerhouse Mahagun, following the company’s settlement with financial creditor IDBI Trusteeship. The two-member NCLAT bench officially recorded the settlement dated February 12, 2026, between the two parties. An application submitted by IDBI Trusteeship sought to withdraw the insolvency proceedings,…

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