Swift Lab News Today

Ind-Swift was admitted for corporate insolvency on September 12 on a petition by trader creditor Allcare Containers claiming overdues of ₹3.12 crore, according to an order passed by the Chandigarh National Company Law Tribunal (NCLT). Last week, the NCLAT stayed the insolvency process till October 30 after the company said that it had settled the principal dues of Allcare but needed time to negotiate the terms of interest payment.

Investcorp has exited its investment in Safari Industries, while IndiaRF is acquiring some businesses of Ind-Swift Labs.

Kenya Space Agency launches five 1U model nanosatellites developed by local universities at its upcoming smart city, Konza Technopolis.

Shares Swift Lab is a Kenyan cargo drone company, which specializes in building and operating medium range and medium payload unmanned aircraft. The company was founded in 2013 by award winning aeronautical engineers and experienced business leaders with great experience working for humanitarian organizations. The founding coincided with the Flying Donkey challenge that was slated to take place in Kenya in the same year. However, manufacturing of the drones started in 2020 after Kenya published...