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…
Corporate insolvencies set to rise anew in 2026 as interest rate risks linger: Coface Insurance Business Read the original article here
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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Cheshire Local Business Limited, based at Winnington Court, Winnington, has been operating as an agent for BT’s commercial services since 2019. The company provided services such as broadband, company mobiles, cloud-based landline phone systems, and cyber security to offices and warehouses across Cheshire. The company employed around 28 people, according to the latest available…
Gilks, which has headquarters in Nantwich, Cheshire but has an Anglesey office on Mona Industrial Estate, employed more than 100 people (about 30 of whom on Anglesey). Deeside-based Ethikos Group bought the company, whose clients include both Anglesey and Gwynedd’s county councils, in 2020. Llinos Medi, the Plaid Cymru MP for Ynys Môn, said: “I…
East India Company closes down … for a second time The Times Read the original article here
A popular global beer brand is reportedly facing liquidation, according to The Street. BrewDog has reportedly brought in restructuring advisers AlixPartners to explore options, which include a possible sale or breakup of the business entirely, following its equity sale to individuals under its “Equity for Punks” program. The program previously offered shares with discounts such…
A senior central bank official told The Business Standard that Tk5,600 crore has been sought from the Finance Division to carry out the liquidation 20 February, 2026, 08:25 am Last modified: 20 February, 2026, 11:22 am File photo of Bangladesh Bank/BSS “> File photo of Bangladesh Bank/BSS The Bangladesh Bank is fully prepared to begin…