Page 2 - கிராமப்புற மீள்குடியேற்றம் அமைச்சர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Csc Under Corporate Rescue GOVERNMENT has moved to avert the liquidation of the Cold Storage Company (CSC) by placing it under a corporate rescue plan in terms of the Insolvency Act while facilitating its revival. CSC has been struggling to sustain profitable operations over the past years and faced the risk of liquidation as creditors demand their dues. Mounting debts and accusations of poor management and alleged corruptions among other factors, dragged the company into insolvency, with increased risk profile making it difficult to attract fresh investment or working capital. Experts attribute insolvency to several factors such as corporate governance failures, imprudent financial management, adverse changes in external factors, internal constraints such as inadequate funding or old equipment, loss of key suppliers, customers or personnel.

Zimbabwe generalMashonaland eastUnited kingdomGodknows hofisiNgoni kudengaEstate administrators council of zimbabweNational social security authorityOther companies act chapterDistribution companyBoustead beef pvt ltdMinistry of landsEuropean unionCompanies act chapterCold storage companyHigh courtInsolvency act