Insolvency Guardian Media Centre
The Ministry of Agriculture plans to revive the Pyrethrum Processing Company of Kenya (PCCK) amid claims of insolvency and sabotage by a section of managers.
This came as Agriculture Principal Secretary Paul Ronoh and the company’s chair Granton Samboja, exposed wrangles in leadership.
Samboja claimed that two weeks ago, the company lost a buyer, willing to inject Sh50 million.
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Aspen (Group) Holdings Ltd. ( (SG:1F3) ) has provided an update.
Aspen (Group) Holdings Limited has announced that there have been no significant developments regarding the liquidation of its subsidiaries, Aspen Glove Sdn. Bhd., Kanada-Ya SG Pte. Ltd., and Kanada-Ya Restaurants Pte. Ltd., since the last update in August 2025. The company has committed to keeping shareholders informed of any material changes through SGXNET.
More about Aspen (Group) Holdings Ltd.
Average Trading Volume: 970,832
Technical Sentiment Signal: Sell
Current Market Cap:…
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Play ends operations: all flights cancelled, 400 lose jobs RÚV.is
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Play ends operations: live blog on airline collapse RÚV.is
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The Chennai bench of the National Company Law Tribunal (NCLT) has held that the discretionary right of the tribunal under the Insolvency and Bankruptcy Code (IBC), 2016 cannot be used to Impel Financial Creditor to consider Settlement.
Punjab National Bank, financial creditor the petitioner applied Section 7 of the Insolvency and Bankruptcy Code, 2016 (“the Code”) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 (“the AAA Rules”) through Mr. C.J. Ranjith , Chief Manager for initiating CorporateInsolvency Resolution Process ( “CIRP”) in respect of Aban Offshore Limited, the Corporate Debtor (CD).
The petitioner is a banking company that…
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First Brands Group has filed for chapter 11 bankruptcy, capping weeks of turmoil sparked by creditor concern over the auto parts supplier’s use of opaque off-balance sheet financing.
The Cleveland-based company listed liabilities between $US10 billion and $US50 billion ($15 billion and $76 billion), and assets between $US1 billion and $US10 billion, according to its September 28 filing in the Southern District of Texas.
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Bloomberg
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In a recent case, the Supreme Court dismissed the Special Leave Petition (SLP) challenging the Bombay High Court order that refused the claim of Revenue, citing the National Company Law Tribunal (NCLT)’s approval of the Resolution Plan. The NCLT approved the Resolution Plan on 14th October 2022, which is binding on all stakeholders of the assessee, including Revenue.
The bench comprising Justice J.B. Pardiwala and Justice K.V. Viswanathan observed that there was a gross delay of 308 days in filing the Special Leave Petition, which had not been satisfactorily explained by the petitioners. The counsel appearing for the petitioners (Revenue) fairly submitted that similar Special Leave Petitions had already been dismissed…
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He added that the programme would apply to borrowers from state-run banks such as the Bank for Agriculture and Agricultural Cooperatives, Krungthai Bank, and Government Housing Bank. The government would compensate the banks for interest payments during the moratorium period, though the duration has not yet been specified.
Prime minister’s statement
Earlier in the day, Prime Minister Anutin Charnvirakul mentioned the debt moratorium while delivering his policy statement to Parliament.
Anutin said debt relief would be one of his government’s 15 urgent policies. He added that the government would support bank debtors owing no more than 100,000 baht and allow SMEs to borrow up to one million baht each to boost liquidity.
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West Virginia’s Problem Gambling Help Network turns 25 West Virginia Watch
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Best of Kaya Biz: Canal+ clinches MultiChoice deal and debt drives SA’s R1.14 trillion gambling boom
Canal+ clinches MultiChoice deal, Taiwan chip ban rattles SA, and debt fuels the R1.14 trillion gambling boom
Sinenjabulo Sibeko
This past week’s Kaya Biz was hosted by the ever-brilliant financial journalist Nzinga Qunta, standing in for Gugulethu Mfuphi.
We closed the curtain on the last stretch of company earnings, with Johann Rupert’s Remgro being the only major set of results we covered. Next week, all eyes will shift to the banking sector as we chat with the new CEO…
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Star Entertainment is on the verge of resolving an impasse with lenders after a month of negotiations over debt waivers, in a move that will give the struggling casino giant more time to raise fresh funds and sort out its finances.
Sources with direct knowledge of the negotiations, who were not authorised to speak publicly, said lenders were set to grant Star another six months of relief from covenants, in return for a fee. Star’s also expected to repay some of its debt.
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….