Reza Uteem: "Companies in Financial Difficulty Should Follow Legal Procedures Rather than Accumulate New Unsustainable Debts"

The imperative for companies in financial difficulty to act responsibly by initiating formal proceedings under the Companies Act rather than accumulating new unsustainable debts was stressed by the Minister of Labour, Human Resources Development and Training, Mr. Muhammad Reza Cassam Uteem, at a press conference in Port-Louis on Friday, May 16, 2025. The press conference focused on the dismissal of employees by Star Knitwear Ltd, operating in th…