Leading Labels, founded in 1993, is a long-running clothing retailer that draws shoppers with major brands at outlet prices. It stocks discounted fashion items from big-name brands, including Calvin Klein, Wrangler, and Joules. At its peak, Leading Labels ran around 30 stores with more than 200 employees. Leading Labels falls into liquidation Leading Labels is…
The Bedford Road Premier Foreways store in Carlisle, part of a chain across the city, was the only authorised FedEx parcel drop-off location in the city before it closed permanently. The Bedford Road store appears to have already been taken off the FedEx location finder. FedEx points in North Cumbria and Scotland, following the liquidation…
By: Benjamin Nii Nai Anyetei The State Interests and Governance Authority (SIGA) has proposed the liquidation of the Ghana Railway Company Limited (GRCL) and the absorption of its employees into the Ghana Railway Development Authority (GRDA) as part of a major restructuring of Ghana’s railway sector. The proposal is contained in SIGA’s 2025 State Ownership…
Embassy Developments Limited has announced an update regarding the Corporate Insolvency Resolution Process. Canara Bank has filed an appeal with the Hon’ble Supreme Court of India against a previous order dated May 4, 2026, which favored the company. The matter is scheduled for a hearing on September 24, 2026. No interim orders or stays have…
The NCLT has halted a proposed plan to settle ₹22,006 crore in claims against Subhash Chandra with a payment of just ₹6.25 crore. The tribunal has ordered a fresh hearing due to a split verdict among its members and issued an order barring the Zee Group founder from selling his assets. This development marks a…
‘Gutted’: Christchurch gym in liquidation amid $500k debt and ‘legally hopeless’ court battle The Press Read the original article here
India Today spoke to legal experts to get an insight into the various legal issues and ramifications on Insolvency Law in India. Also Read: ‘My borrowing is ₹0’: Subhash Chandra explains ₹22,000 crore personal guarantee controversy Why a five-member bench? NCLT normally functions through two-member benches. Section 419(5) of the Companies Act, 2013 provides a mechanism…
“Rich Dad Poor Dad” author Robert Kiyosaki — the self-help guru who has made a fortune preaching the secrets of financial success — has amassed a staggering $1.2 billion in debt tied to his sprawling real-estate investments, according to a report. The 79-year-old scribe has repeatedly touted the eye-popping figure while arguing that borrowing money…
The Kenya Union of Savings and Credit Co-operatives (Kuscco) was formed in 1973 as an umbrella body for saccos and expanded into a multi-billion shilling institution offering financial and other services. A Sh13.3 billion fraud scandal plunged it into insolvency, forcing members to abandon rescue efforts and vote for liquidation last week. The decision came…
By Rick Archer · September 1, 2026, 11:33 AM EDT A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 plan for a golf merchandise and course design company founded by legend Jack Nicklaus after hearing there was no opposition… To view the full article, register now. Read the original article here