TORONTO/WINDSOR—Unifor members who work at Hudson’s Bay Company (HBC) rallied in Windsor and Toronto to call for urgent insolvency reform and accountability from HBCexecutives who continue to deny workers’ severance as liquidation nears completion. The rallies, led by Unifor Locals 40 and 240 which represent nearly 600 HBC workers, brought attention to the devastating impact…
Mumbai: The Bengaluru bench of the National Company Law Tribunal has dismissed an insolvency petition against e-commerce delivery startup Dunzo Digital Pvt. Ltd. The insolvency court was hearing an insolvency petition filed last year by one of the company’s financial creditors—called Invoice Discounters of Dunzo Digital Pvt Ltd—for non-payment of dues. On Tuesday, an NCLT…
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A mother paid nearly £200,000 to her daughter using funds due to a supplier just days after they decided their company was insolvent and would cease trading. Hazel Lamont and her daughter Nicola Murray were directors of Scotparts UK Ltd, which was described on Companies House as being involved in the sale of machinery, industrial…
The Hair & Skin beauty chain has gone bankrupt – including the branch in Lucerne. Google Street View Following the bankruptcy of the Hair & Skin beauty chain, former customers are receiving debt collection letters for services not rendered. One case shows how a customer successfully took action against the claim. No time? blue News…
Florida homeowners “living nightmare” as construction company goes bankrupt MSN Read the original article here
Dozens of Florida homebuyers have been left in limbo after builder Van Der Valk Construction filed for bankruptcy in late April, before it had finished many of the properties on which it was working. Many of these unfinished homes were to be their owners’ retirement havens, a dream they had spent all their life savings…
State-owned fibre network operator Broadband Infraco is in financial disarray, having been declared technically insolvent since the start of the 2024/25 financial year. Broadband Infraco provides long-distance national and international connectivity to private sector partners and is mandated to provide universal Internet access to South Africa as part of the SA Connect programme. In February,…
The National Company Law Tribunal (NCLT) at Bengaluru on Tuesday dismissed an insolvency plea filed against quick commerce company Dunzo. A coram of Judicial Member Sunil Kumar Aggarwal and Technical Member Radha Krishna Sreepada said that the plea filed by invoice discounters of Dunzo Digital was not maintainable. The judgment was delivered today after being postponed on three occasions,…