Minister Parks Tau. (Delwyn Verasamy/M&G) As Minister of Trade, Industry and Competition, Parks Tau, announced during the Frank Dialogue on B-BBEE in South Africa in Durban on Saturday that he would step in to resolve the impasse in the business rescue process of Tongaat Hullets Limited (THL), he is indeed meeting stakeholders this morning. Tau’s…
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PDUNASS Conducts Half-Day Workshop on Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 PIB Read the original article here
“The IBC Permits Separate or Simultaneous Proceedings” – In a significant ruling clarifying the insolvency jurisprudence under the Insolvency and Bankruptcy Code, 2016 (IBC), the Supreme Court settled the controversy surrounding the maintainability of simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against a principal borrower and its corporate guarantor. A Bench comprising Justice Dipankar Datta…
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A restaurant in Oxford had debts of more than £86k as the owning firm went into liquidation. Grounded Kitchen in London Road in Headington specialised in Korean‑inspired dishes and nourish bowls and was part of a wider UK brand. The firm behind it, Canal Ventures Ltd, entered creditors’ voluntary liquidation and appointed insolvency practitioners to…
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