Tongaat Hulett faces liquidation hearing next week

Business Rescue Practitioners say there are no viable alternatives to a rescue plan that has legally lapsed Tongaat head office stripped of expensive paintings and antiques ahead of a possible visit by liquidators. Photo supplied The Durban High Court will hear arguments next week on whether to liquidate sugar giant Tongaat-Hulett. The SA Canegrowers Association…

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Tongaat Hulett faces liquidation hearing next week

Tongaat head office stripped of expensive paintings and antiques ahead of a possible visit by liquidators. Photo supplied The Durban High Court will hear arguments next week on whether to liquidate sugar giant Tongaat-Hulett. The SA Canegrowers Association says 27,000 small-scale growers, tens of thousands of farm workers, and entire rural communities face devastating consequences…

NCLT Recalls Insolvency Admission; Holds CIRP Cannot Continue Amid Missing Records, Asset Opacity and Serious Process Irregularities [Read Order]

The National Company Law Tribunal (NCLT) New Delhi Bench recalled the insolvency admission order against Presidium Educational Institution Pvt. Ltd. And held that the Corporate Insolvency Resolution Process (CIRP) had become fundamentally flawed due to missing financial records, lack of transparency, asset opacity and serious procedural irregularities. The RP submitted that despite extensive efforts after…

Voler Car Jumps 4.3% After Being Declared Highest Bidder for Blu-Smart Mobility Limited

Synopsis: In a disclosure filed with NSE on June 10, 2026, Voler Car Limited has been declared the highest bidder (H1) for Blu-Smart Mobility Limited, currently undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 a development that has put the NSE-SME listed employee transportation company in focus, though the transaction remains…