A large Subway operator declares bankruptcy

Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: MTF Enterprises, a Subway operator with 43 stores in Maine, New Hampshire, Pennsylvania and Virginia, filed for Chapter 11 bankruptcy protections last month, according to a court filing by the franchisee’s owner, Michael Fay. The…

Company liquidations hit a 15-year high

Company failures hit a 15-year high in New Zealand last year, according to credit bureau Centrix. In  Centrix’s latest monthly Credit Indicator report, chief operating officer Monika Lacey said the rising liquidations “underscore ongoing financial strain across parts of the economy, as well as the IR’s ongoing crackdown on outstanding debts”. However, Lacey said despite…

SC upholds insolvency proceedings against real estate firms for Greater Noida project

The Supreme Court on Feb 2 upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees. The Supreme Court has upheld insolvency proceedings against real estate firms for Greater Noida project (PTI)…