Rapido files insolvency plea against Magicpin over unpaid dues

Rapido has approached the National Company Law Tribunal (NCLT) against hyperlocal e-commerce company Magicpin over alleged unpaid operational dues of close to ₹10 crore, Business Standard reported. The insolvency application was filed by Roppen Transportation Services Private Limited, the entity that operates Rapido, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The…

Big call after iconic Aussie brand collapses

Cue Clothing has entered voluntary administration. Picture: NewsWire / Damian Shaw Decades-old Australian fashion brands will “live on” past the business’s voluntary administration, retail marketing expert Gary Mortimer says. Iconic Australian fashion brand Cue Clothing entered into receivership on Tuesday after more than 60 years in business. Cue Clothing operates Cue and Veronika Maine, two…

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