Christchurch retail institution Smiths City placed into administration – ThePost.co.nz
Christchurch retail institution Smiths City placed into administration ThePost.co.nz Read the original article here
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Delhi High Court Calls for Reevaluation of Tender Restrictions on Insolvent Firms, ETInfra
The company argued that though all relevant laws were considered, yet, IBC was simply overlooked by the government while formulating and drafting Manual for Procurement of Works, 2022. The Delhi High Court has asked the Centre to revisit its bid conditions that impose blanket ban on the companies having undergone corporate insolvency resolution process in…
US firm Kroll acquires Dublin insolvency practice Kirby Healy – The Irish Times
US risk advisory business Kroll has acquired Kirby Healy, a Dublin-based corporate insolvency practice, for an undisclosed sum. The New York-headquartered company, which provides a range of services from valuation, compliance and regulation, said the move would deepen “Kroll’s footprint in Ireland” and was part of a broader growth strategy in Ireland, aimed at meeting…
‘A difficult time for them’: PM weighs in on Smiths City store closures, voluntary administration
Retailer Smiths City has “temporarily” closed all of its stores after being placed in voluntary administration. Smiths City staff were called into a meeting at 9am on Tuesday and informed of the decision. All nine remaining Smiths City stores across New Zealand and its online shop have now been “temporarily closed for business” to assess…
Palmerston North Cafe Cuba’s $1.5m tax bill; local business snaps up its assets
According to the liquidators’ first report, Cafe Cuba owes creditors more than $1.6m. The majority is owed to Inland Revenue, including $512,202 in GST and $992,367 in employee deductions. Staff are allegedly owed $24,500 in holiday pay, while $13,612 is owing to unsecured trade creditors. Creditors include BNZ, ACC, Genesis Energy, Havana Coffee Works and…
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