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According to documents filed with the Resolution Professional (RP), Manipal Group has sought to be included in the list of bidders and expressed its intent to examine the company’s financial and operational details for the purpose of evaluating a potential resolution plan.

This is the second such expression of interest submitted by Manipal Group after the time for such submission was extended by the RP to 13th November, 2025.

This is a…

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The ongoing discussions to restrict the use of Sassa and NSFAS funds for gambling mark a much-needed turning point in how SA safeguards its most vulnerable citizens. These grants were never intended to feed betting machines or online casinos; they exist to support basic human needs: education, food, housing, and transportation.

Allowing these essential funds to be misused for gambling not only defeats their purpose but also deepens the cycle of poverty and dependency.

It is no secret that gambling addiction has quietly become one of SA’s social crises, particularly among young people and the economically disadvantaged. The easy access to online betting platforms has worsened the problem, making it effortless for students and grant…

KARLSRUHE, Germany (Reuters) -A German high court rejected a claim from shareholders in defunct payments company Wirecard who were seeking a bigger share of the firm’s remaining assets.

The company collapsed in 2022 in the country’s biggest post-war fraud after conceding that 1.9 billion euros ($2.22 billion) it had booked in its accounts likely never existed.

Some 50,000 shareholders, foremost among them Union Investment, argued that since they themselves were victims of fraud by the company they should rank alongside creditors in insolvency proceedings, rather than in last place as is ordinarily the case.

Judges at the Federal Court of Justice in Karlsruhe rejected that argument.

“It’s not sufficient to demonstrate that…

Canadian-founded and San Francisco-based alternative lodging company Sonder Holdings is winding down its operations following the termination of its licensing deal with hotel giant Marriott International.

The company announced this week that it will wind down operations “immediately” and that it expects to initiate a Chapter 7 liquidation of its United States business while starting insolvency proceedings in its international markets. The announcement came one day after Marriott said that its licensing agreement with Sonder was “no longer in effect due to Sonder’s default.”

The insolvency…

KARLSRUHE, Germany (Reuters) -A German high court rejected a claim from shareholders in defunct payments company Wirecard who were seeking a bigger share of the firm’s remaining assets.

The company collapsed in 2022 in the country’s biggest post-war fraud after conceding that 1.9 billion euros ($2.22 billion) it had booked in its accounts likely never existed.

Some 50,000 shareholders, foremost among them Union Investment, argued that since they themselves were victims of fraud by the company they should rank alongside creditors in insolvency proceedings, rather than in last place as is ordinarily the case.

Judges at the Federal Court of Justice in Karlsruhe rejected that argument.

“It’s not sufficient to demonstrate that…

The director of a child casting agency had borrowed £45,000 from the business when it went bust, records published this week show.

Happy House Productions Limited told clients it was going into liquidation in the summer, shortly after Equity, the actors’ union, warned members not to engage with or accept new work from it.

Documents published on Companies House this week show that when it went bust, it owed more than £67,000 to the taxman, £4,400 to its four employees and more than £130,000 to other creditors.

According to a statement of affairs produced by Molly Monks at Parker Walsh Corporate Recovery and signed by Happy House’s sole director Edward Lightfoot, 44, it only had £475 in the bank.

The statement also…