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UK delivery company set to close after entering liquidation

Quiver Delivery, based in London, launched back in 2021 with the aim of becoming “the physical connection between brands and their customers”. The company offered immediate, same-day, or next-day delivery to 86% of homes in London and was completely emissionless, using only human or electricity-powered vehicles. These included bicycles, e-bikes, e-cargo bikes, e-mopeds, e-cars, and…

QVC’s parent company files for bankruptcy

The entrance to QVC’s offices in West Chester, Pennsylvania. – Matt Rourke/AP QVC, the home shopping TV network that has been a staple for almost four decades, has filed for bankruptcy. The channel’s parent company, QVC Group, announced Thursday that it has voluntarily entered Chapter 11 proceedings in an effort to slash its debt from…

Existence of Financial Debt and Default Above Statutory Threshold Sufficient to Initiate CIRP u/s 7: NCLT Allows ₹28.51 Cr Insolvency Petition [Read Order]

The National Company Law Tribunal (NCLT) Mumbai Bench has allowed an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Bank of India initiating the Corporate Insolvency Resolution Process (CIRP) after finding clear evidence of financial debt and default exceeding the statutory threshold. The Bank of India had extended financial…