Claire’s Dutch branch enters insolvency

The Dutch branch of the jewellery chain Claire’s, Claire Netherlands B.V., has initiated insolvency proceedings and been granted a suspension of payments. This follows similar actions by the company’s branches in the U.S., France, Belgium, and the UK in recent weeks. The Dutch website for Claire’s is currently offline. Although Claire’s stores are currently remaining…

RP invites bids for JCT Ltd; 25 Aug last day for submitting EoI

JCT Ltd, a leading manufacturer of filament yarn and composite textiles, has formally entered the Corporate Insolvency Resolution Process (CIRP) following an order of the National Company Law Tribunal (NCLT). An “Invitation for Expression of Interest” (EoI) issued by the Deemed Resolution Professional, Hasti Mal Kachhara, has now called for prospective resolution applicants. The company’s…