Hudson's Bay to liquidate entire business, still seeking additional capital – MSN
Hudson’s Bay to liquidate entire business, still seeking additional capital MSN Read the original article here
Rosmerta Files Insolvency Plea Against Ola Electric Technologies Subsidiary Over Payment Default
Rosmerta Digital Services Ltd has filed an insolvency petition against Ola Electric Mobility’s subsidiary Ola Electric Technologies before the National Company Law Tribunal (NCLT), alleging that the electric two-wheeler maker has defaulted on payments for the services provided. “We wish to inform you that a petition has been filed under Section 9 of the Insolvency…
Feeling the pinch: why are so many Australian businesses failing? | Business
An insolvency tsunami has swept through Australia, putting the country on track to record decade-high numbers of collapsed businesses by the end of the financial year. While building and food services companies are at the forefront of the surge, few sectors have been spared, representing a soft underbelly to the country’s otherwise resilient economy. Why…
Hudson’s Bay plans ‘immediate’ liquidation of entire business
Despite holding out hope it can avoid a full shutdown, Hudson’s Bay says it is planning an “immediate” liquidation that would begin next week and wrap up in June. The company said it remains optimistic it can drum up capital and find a solution with key stakeholders, particularly its landlord partners, to avoid a full…
Fresh trouble for SpiceJet as 3 aircraft lessors, former pilot file insolvency pleas
SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Three lessors – NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues…
Restructuring and Insolvency Newsletter: February 2025 updates – Único – o portal de notícias do Mattos Filho
Restructuring and Insolvency Newsletter: February 2025 updates Único – o portal de notícias do Mattos Filho Read the original article here
Insolvency petition against Bhavish Aggarwal-led Ola Electric Mobility’s subsidiary – Details – Companies
Updated Mar 15, 2025 21:12 IST Ola Electric insovency proceedings: Rosmerta Digital Services has filed an insolvency petition against Ola Electric Technologies before the National Company Law Tribunal (NCLT). Bhavish Aggarwal-led Ola Electric Mobility Ltd, today, informed that Rosmerta Digital Services has filed an insolvency petition against its wholly owned subsidiary Ola Electric Technologies before…
HUDSON’S BAY COMPANY MAY BE FORCED TO LIQUIDATE AS SOON AS NEXT WEEK
Unless it finds a more viable path forward, it appears an iconic Canadian retailer will be permanently closing its doors. Hudson’s Bay announced late Friday night it will begin liquidating its entire business as soon as next week, putting more than nine-thousand jobs at risk. The department store chain, that dates back to 1670, says…
How to keep your tech business from going under | Information Age
There is no denying 2024 was a tough year for business. According to the figures from Alares Credit Risk Insights, insolvencies numbers reached an all-time high last year. Inadequate cash flow, poor strategic management and trading losses are some of the top reasons companies go under. ASIC’s latest insolvency data for the fourth quarter from…
Hudson’s Bay plans ‘immediate’ liquidation of entire business
Despite holding out hope it can avoid a full shutdown, Hudson’s Bay says it is planning an “immediate” liquidation that would begin next week and wrap up in June. The company said it remains optimistic it can drum up capital and find a solution with key stakeholders, particularly its landlord partners, to avoid a full…