Insolvency Guardian Media Centre
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- The South Gauteng High Court in NTC Global Trade Fund (Pty) Ltd and Another v Letopa and Others (2025/102392) considered the issue of validity of business rescue proceedings initiated by NTC Global Trade Fund (Pty) Ltd (NTC) while there were pending liquidation proceedings.
- This case may open the door for the adoption of resolutions placing a company in business rescue even though there are liquidation proceedings pending in respect of that company, as it appears that the resolution will be valid until it is set aside.
- If left unchallenged, the effect of this judgment will present practical difficulties for creditors that would undoubtedly be frustrated by companies adopting resolutions placing companies in business…
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HUNGARY: A commercial court initiated liquidation proceedings on October 15 against rolling stock businesses Ganz-Mavag International and the Dunakeszi Járműjavító plant, both owned by Hungarian investment company Magyar Vagon.
Three days later, the national government responded by formally declaring the companies as strategic assets, deeming these operations to be of ’national importance for reasons of transportation safety and for of the provision of essential public services, as well as implementing projects that are nationally economically significant’.
Dunakeszi Járműjavító has been carrying out major overhauls of hauled coaches for national operator MÁV Személyszállítási Zrt, but local industry…
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BIL Vyapar Reports Significant Loss, Prepares Financial Results on Liquidation Basis scanx.trade
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By Jaime Suarez Del Valle
Boston University News Service
The NBA season is back, featuring exciting performances on the court and drama off the court with the arrests of multiple players and a coach. Kash Patel, Director of the FBI, announced on Oct. 23 that the agency made several arrests involving an investigation into illegal sports gambling and rigged poker games connected to organized crime families.
Now, NBA Commissioner Adam Silver needs to restore the league’s credibility, which is declining in an era where sports and gambling are more intertwined than ever before.
“All of the professional…
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Former senator Linda Reynolds’ bid to discover where Brittany Higgins’ $2.4 million compensation payout went following their bruising defamation battle has been frustrated by a bankruptcy paperwork glitch.
Reynolds successfully sued Higgins over social media posts the former defence minister believed damaged her reputation.
Reynolds was awarded damages of $315,000 plus $26,109 interest after Western Australia’s Supreme Court in August found some of the posts were defamatory.
The former political staffer was also ordered to pay 80 per cent of her former boss’s legal costs, estimated at more than $1 million.
In October, Reynolds launched bankruptcy proceedings in October against Higgins to recoup the costs awarded in her defamation…
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This news release on bankruptcies focuses on the change compared to the previous year and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the Netherlands. It also allows for better comparison between sectors. This is because the number of businesses can fluctuate over time and differ greatly between sectors.
| 2021 | October | 18 | 108 |
|---|---|---|---|
| 2021 | November | 19 | 164 |
| 2021 | December | 24 | 135 |
| 2022 | January | 19 | 120 |
| 2022 | February | 21 | 161 |
| 2022 | March | 18 | 148 |
| 2022 | April | 22 | 97 |
| 2022 | May | 29 | 160 |
| 2022 | June | 27 | 137 |
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Linda Reynolds is “incredibly disappointed” Brittany Higgins still hasn’t paid one cent from her $2.4 million settlement with the Federal Government towards massive bills from her defamation case loss.
The ex-Liberal senator’s lawyer Martin Bennett made the remark after his client’s bid to have Ms Higgins declared bankrupt in the Federal Court was delayed for a week by a technical snag.
Ms Reynolds swiftly moved to recoup damages and court costs after winning her bitter Supreme Court defamation case against Ms Higgins and her husband David Sharaz in August.
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INSOLVENCY NOTICES: Winding Up Petitions – October 2025 Credit Connect
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As investors navigate a volatile market and uncertain global conditions, debt mutual funds are once again drawing attention for their potential to provide steady returns and portfolio balance. In this interaction with BT, Murthy Nagarajan, Head of Fixed Income at Tata Asset Management, discusses how investors should position themselves in the current interest rate environment, where opportunities lie, and what to expect from the fixed income space soon. Edited excerpts
Q. What kind of investors should consider fixed income funds now?
Murthy Nagarajan: Investors who are traditional in bank Fixed Deposits and want to have some flexibility in terms of their withdrawal. Investors who are looking to have relative stability in their…
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Chris Steyn (00:01.123)
Welcome. This interview is sponsored by Progressive Administration and with me is MD Thomas Van Zyl, who is here to talk about voluntary liquidation. Welcome, Thomas.
Thomas Van Zyl (00:12.302)
Thanks very much.
Chris Steyn (00:14.437)
Firstly, is voluntary liquidation better than deregistration?
Thomas Van Zyl (00:21.288)
I think whether it’s better or not is a difficult question, but I think it’s becoming more advantageous to members of the public or directors that hold directorships in various entities. And to go through the process of deregistration is not necessarily complicated, but it’s cumbersome. And it also requires…assistance with auditors, you certainly need them to sign off and then you need to go through…