Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRA – The Economic Times
Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRA The Economic Times Read the original article here
Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRA
New Delhi [India], May 28 (ANI): Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous year.…
Hudson’s Bay workers rally to demand justice as company terminates thousands and denies severance payouts
PR Newswire – 5 minutes ago TORONTO and WINDSOR, ON , May 27, 2025 /CNW/ – 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…
Hudson’s Bay workers rally to demand justice as company terminates thousands and denies severance payouts
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…
Dunzo gets relief in one insolvency case as NCLT dismisses plea
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…
Leaked memo: Builder.ai CEO blames lenders for pulling the plug on troubled startup – Sifted
Leaked memo: Builder.ai CEO blames lenders for pulling the plug on troubled startup Sifted Read the original article here
Software firm Builder.ai enters insolvency proceedings – Tech in Asia
Software firm Builder.ai enters insolvency proceedings Tech in Asia Read the original article here
Mum paid daughter £200,000 in company money from failing machinery parts firm
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…
Beauty company goes bankrupt – Aargau woman is still being pursued
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
Florida homeowners “living nightmare” as construction company goes bankrupt MSN Read the original article here