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MediPharm is Dangerously Low On Cash and is On Track to Run Out of Money by November Unless Wholesale Change Occurs

MediPharm Lost Over $3.3 Million in Q1 2025 While Management Offered No Clear Plan to Achieve Profitability or Commitment to Reduce Waste or Excessive Spending

Apollo Capital Warns Shareholders Not to Be Misled by Management’s Rosy Outlook: MediPharm has Reported 21 Consecutive Quarters of Losses, Yet CEO Pidduck Touted Adjusted EBITDA, a Cherry-Picked Figure That is Meaningless

Absent Significant Board Change, MediPharm Stock is On Its Way to Being Worthless! Apollo Capital’s Nominees Bring the Turnaround Experience and Financial Discipline Required to Stop the Bleeding, Restore Fiscal Integrity, and Deliver Performance…

• Almost 4,000 people are still due a refund for debt relief order applications they paid for but did not submit 

• The Insolvency Service has written to those due a refund and £65,000 has already been reimbursed since March 

• Refunds worth a total of £500,000 are still available going back to 2016 for those who did not finish the application process 

The Insolvency Service is trying to refund money to 4,000 people who made payments towards a debt relief order (DRO) but did not submit their application.  

Before April 2024, a £90 fee was payable when making a DRO application. 

Applicants could choose to pay in full or in instalments.  

However, many thousands of people made a payment towards…

Nine Nigerian startups have benefitted from over $3 million debt funding facilities from the premier accelerator for mid-stage Nigerian entrepreneurs, Cascador.

The funds are to support the receivers in operations and reposition them for global competitiveness.

The awardees, who received the fund after presentation of their pitches and being judged industry leaders include Crop2Cash, Oriki, N.E.A.T, Adunmi Organics, Sycamore, DoChase, Drive45, 24SEVEN and ExCare.

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Speaking earlier before the pitch, Trish Thomas, CEO of Cascador, said funding beneficiaries are graduates of the Cascador programme, which has trained several indigenous companies since 2019.

According to her, the fund will help beneficiaries reach a larger customer…

Last Updated:May 16, 2025, 17:14 IST

Vodafone Idea has said it may be compelled to approach the National Company Law Tribunal (NCLT) for insolvency proceedings if additional help is not extended, says a report.

Vodafone Idea also flagged the potential risk to the government’s 49% equity stake in the company. (Reuters File Image)

Struggling telecom operator Vodafone Idea (Vi) has issued a fresh warning to the Indian government, stating it will be unable to continue operations beyond FY2025-26 without further state support, CNBC-TV18 has reported. The company has said it may be compelled to approach the National Company Law Tribunal (NCLT) for insolvency proceedings if additional help is not extended.

Despite a Rs 26,000 crore equity infusion…

Liquidators have been appointed for Readie Management Limited (RML), the parent company of collapsed contractor Readie Construction.

Jacob Beake and Gavin Savage of Begbies Traynor were named in a document filed on the Companies House website yesterday (15 May).

Travelers Insurance Company had filed a winding-up petition in the High Court against RML, and in April last year, Insolvency and Companies Court judge Catherine Burton issued a winding-up order.

The judge also granted an order to shut down Readie Trustee Ltd, the employee ownership trust for Readie Construction and the 100 per cent shareholder in RML.

Construction News contacted Gateley, which represented Travelers Insurance Company in the winding-up petition, for further…

About 30 Russian airlines, accounting for 26% of domestic passenger traffic, may go bankrupt in 2025, Russia’s Izvestia newspaper reported on Nov. 13.

Since the full-scale invasion began, most Russian airlines have come under Western sanctions. As a result, in 2022, several industry players stopped making lease payments.

Russian airlines fear a deterioration in their financial condition and the revocation of their operator’s certificates due to accumulated debts for leasing foreign aircraft, the media reported.

In 2025, the government allowed the companies to write off their debts, but these amounts will be subject to a 25% income tax. This financial burden may force them to close their operations, according to…

A bench of NCLT judicial member Shammi Khan and technical member Sanjeev Kumar Sharma instructed notice to be served to Gensol on all modes and list the matter for hearing on June 3, according to a report by Bar & Bench.

Ireda had sought insolvency proceedings against Gensol Engineering over a default of Rs 510 crore, according to an exchange filing from the power financier on Wednesday. The plea has been filed under Section 7 of the Insolvency and Bankruptcy Code.

The notice comes close on the heels of cofounders Anmol Singh Jaggi and

The Court of Appeal also affirmed a finding by the High Court in Kuala Lumpur that the government could not be faulted for the bank’s mistake.

“The appeals by the bank and the company (Ten Jing Enterprise Sdn Bhd) are dismissed as they have no merit,” said Justice Ahmad Kamal…