Insolvency Guardian Media Centre

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Indian-origin engineer Shyamal Shah jailed for $1 million fraud in Auckland, New Zealand. (Photo: NZ Herald) An Indian-origin engineer, Shyamal
High Court orders compulsory winding up of TH Heavy Engineering  NST Online Read the original article here
07/09/2025 - 04:19 PM NEW YORK--(BUSINESS WIRE)-- RMG Acquisition Corp. III (the
The Kuala Lumpur High Court has ordered that THHE Engineering Berhad be wound up, with costs totalling RM150,000 to be
What collection debt looks like in America: A mid-year look  Kansas City Star Read the original article here
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Over $1m owed: liquidators  Otago Daily Times Read the original article here
Le Dejeuner liquidator does not expect creditors to be paid  thepost.co.nz Read the original article here
Joe Biden’s efforts on student loan debt relief didn’t often generate front-page headlines, but for the Democratic White House, the
A Hawke’s Bay Regional Council spokeswoman said the skidder was yet to be removed from its steep location.“The machine is
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Aged care, disability and veterans care provider Annecto in voluntary administration  MSN Read the original article here

Underground poker ring, debt: Indian-origin engineer jailed in New Zealand for $1m fraud, he was planning to move to Australia
Indian-origin engineer Shyamal Shah jailed for $1 million fraud in Auckland, New Zealand. (Photo: NZ Herald)

An Indian-origin engineer, Shyamal Sushil Shah, a former Auckland Council employee, has been sentenced to two years and two months in prison for over $1 million fraud from the public sector, New Zealand Herald reported. Shah pleaded guilty at the Auckland District Court and his plea for bail and home detention has been denied. Shah used to work as a water network engineer at Watercare and carried out the massive fraud over a 17-month period. He came up with a scheme of generating fake invoices under bogus names and payments to those were credited directly to Shah’s personal account. Some 40 fake invoices for fake entities like…

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High Court orders compulsory winding up of TH Heavy Engineering  NST Online

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NEW YORK–(BUSINESS WIRE)–
RMG Acquisition Corp. III (the “Company”) today announced that, because the Company will not consummate an initial business combination within the time period required by its Fifth Amended and Restated Memorandum and Articles of Association, the Company intends to redeem all of the outstanding shares of Class A ordinary shares that were included in the units sold in its initial public offering (the “Public Shares”), at a per-share redemption price of approximately $10.00 and thereafter dissolve and liquidate.

As of the close of business on July 9, 2025, the Public Shares will be deemed cancelled and…

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Mahkamah KL
The Kuala Lumpur High Court has ordered that THHE Engineering Berhad be wound up, with costs totalling RM150,000 to be paid out of its assets to the three petitioners led by Global Mariner Offshore Services Sdn Bhd.
PETALING JAYA:

The Kuala Lumpur High Court has, in a landmark decision, converted TH Heavy Engineering Berhad’s (THHE) voluntary winding-up into a court-supervised compulsory liquidation, citing serious concerns over how the process was conducted previously.

“This is probably the second time that such an application has been made,” Justice Atan Mustapha Yussof Ahmad said in a written judgment handed down recently.

“The earlier case was decided over a hundred years ago,” he added, citing the Seremban General Agency…

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What collection debt looks like in America: A mid-year look  Kansas City Star

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Just a moment…

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Over $1m owed: liquidators  Otago Daily Times

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Le Dejeuner liquidator does not expect creditors to be paid  thepost.co.nz

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Joe Biden’s efforts on student loan debt relief didn’t often generate front-page headlines, but for the Democratic White House, the issue was a top domestic priority. As regular readers know, however, some of the Democratic administration’s efforts were more successful than others.

The problem wasn’t a lack of effort: Biden would’ve done far more, were it not for ferocious pushback from Republicans and GOP-appointed judges. The results led to odd pushback from Donald Trump, who declared during the 2024 campaign season that the Democratic White House was “ALL TALK, AND NO ACTION” on the issue of student loan debt forgiveness.

That didn’t make a whole lot of sense — Biden and his team took as many actions as they could…

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Aged care, disability and veterans care provider Annecto in voluntary administration  MSN

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