Cannabis firm insolvent after failing to pay staffer for two years of work – The Post
Cannabis firm insolvent after failing to pay staffer for two years of work The Post Read the original article here
Liquidator Must Not Restrict Sale Of Corporate Debtor’s Assets Through Private Sale To Single Buyer, Must Strategise To Attract Multiple Buyers: NCLT Mumbai
The National Company Law Tribunal (NCLT) Mumbai bench of Shri Anil Raj Chellan (Judicial Member) and Shri K. R. Saji Kumar (Technical Member) while disallowing the Liquidator’s application for the private sale of the Corporate Debtor’s assets, it was held that the Liquidator must not restrict the private sale to a single buyer but should…
French apparel group Kaporal placed into judicial liquidation 18 months after management-led takeover
Translated by Nazia BIBI KEENOO Published March 29, 2025 … Read the original article here
Hudson’s Bay has begun liquidation sales. Here are some of the other major retailers to close up shop – CP24
Hudson’s Bay, Canada’s oldest company, is winding down its operations at most of its stores across the country—except for three locations in Ontario and three in Quebec. The Bay is just the latest of many to shutter in Canada. Here’s what other stores shut down. Published: March 28, 2025 at 9:04AM EDT Target Canada The popular…
Judge rejects Hudson’s Bay restructuring proposal intended to save remaining stores
An Ontario judge has rejected a Hudson’s Bay Company restructuring agreement, increasing the likelihood that lenders may seek to push the company into receivership. In a written decision issued Saturday, Justice Peter Osborne of the Superior Court of Justice said he declined to approve the agreement because it is “neither necessary nor appropriate at this…
Corporate Debtor Not Barred From Raising Pre-Existing Dispute Even When No Reply Was Given To Demand Notice Within 10 Days U/S 8 Of IBC: NCLT Mumbai
The National Company Law Tribunal (NCLT) Mumbai bench of Hon’ble Shri K. R. Saji Kumar (Judicial Member) and Hon’ble Shri Sanjiv Dutt (Technical Member) has held that failure to respond to a demand notice within 10 days under Section 8 of the Insolvency and Bankruptcy Code, 2016 (the Code) does not bar the Corporate Debtor…
Adani, JSW among 26 bidders in race for Jaiprakash Associates
Jaiprakash Associates Limited (JAL), the flagship company of the Jaypee Group, is at the centre of one of India’s most high-profile corporate insolvency cases, drawing interest from a wide array of potential bidders. At least 26 prominent entities, including some of India’s largest conglomerates such as the Adani Group, JSW Group, Welspun, Vedanta Group, as…
French apparel group Kaporal placed into judicial liquidation 18 months after management-led takeover
Translated by Nazia BIBI KEENOO Published March 29, 2025 … Read the original article here
Petition U/S 7 Of IBC Against Corporate Guarantor Cannot Be Admitted Unless Valid Delivery Of Guarantee Invocation Notice Is Established: NCLT Mumbai
The National Company Law Tribunal (NCLT) Mumbai bench of Hon’ble Reeta Kohli (Judicial Member) and Hon’ble Madhu Sinha (Technical Member) has held that an insolvency application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (the Code) against the corporate guarantor of the corporate debtor cannot be admitted unless the delivery of the demand-cum-guarantee…
Hudson’s Bay begins liquidation, but best deals yet to come
Facing over a billion dollars of debt, the Hudson’s Bay Company has begun its liquidation process. An Ontario court gave the centuries-old retailer its blessing to sell off remaining stock at almost all its 96 stores. But as Liam Britten reports, bargain hunters might need to wait to find the best deals. Read the original…