Transfer provider Resorthoppa (UK) had been loss-making for years and only emerged from a corporate voluntary arrangement (CVA) last November before going into administration this month. However, the failure can be traced back to the collapse of Lowcost Travel Group in 2016 which left Resorthappa to write off a debt of £1.3 million. Resorthoppa (UK)…
Busy auction underway after voluntary liquidation of car parts and caravanning business Teesside Live Read the original article here
Bargain hunting at The Bay Tim Petruk – Mar 25, 2025 / 9:06 am | Story: 540505 Photo: Castanet Shoppers hunt for bargains at the Hudson’s Bay store in Aberdeen Mall on Monday, March 24, the first day of liquidation for Canada’s oldest company, which is ceasing operations in Kamloops after more than 200 years.…
Canadians headed to Hudson’s Bay stores Monday in hopes of scooping up the first of the retailer’s liquidation deals, but many left confused about whether the markdowns had even begun. Anne Gaviola has this story and more in Business Matters for March 25, 2025. Read the original article here
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, attracting significant interest from a wide array of bidders. CNBC-TV18 has learnt that at least 26 prominent entities, including some of India’s largest conglomerates such as the Adani Group, JSW Group,…
Hudson’s Bay Announces a Revised Liquidation Timeline Business Wire Read the original article here
Wenzel’s the Bakers is in jeopardy after HMRC launched a winding-up petition against the company, potentially forcing it into liquidation. A winding-up petition can be issued to take a company to court if it cannot pay its debts and, if successful, company assets can be sold to pay creditors – also known as compulsory liquidation. The…
The Tribunal found that GIDC’s show cause notice, which was utilized to end the lease, clearly breached section 14 of the Code The National Company Law Appellate Tribunal (NCLAT) New Delhi has ruled that lease hold rights existing in favour of corporate debtor cannot be terminated during moratorium period under section 14 of the Insolvency…
Genetic Technologies Executes Deed of Company Arrangement Amid Voluntary Administration MSN Read the original article here
Maciej Rozanski stepped onto a fragile roof and fell more than 20 feet to the floor below Maciej Rozanski, who was 42, had been working to remove a redundant steel cleaning machine from the company’s Sovereign Works site on Deepdale Lane, Dudley, on 29th June 2018. However, during the work, Rozanski stepped onto a fragile…