Carlow firm Swan Fruit Limited once had a turnover of €40m but was placed into voluntary liquidation in 2014, owing more than €2m to creditors Carlow firm Swan Fruit Limited once had a turnover of €40m but was placed into voluntary liquidation in 2014, owing more than €2m to creditors. The firm’s liquidator, insolvency expert…
Shares of Ola Electric Mobility Ltd. fell nearly 8% on Monday to hit fresh all-time low after Rosmerta Digital Services Pvt. Ltd., a vendor of the company, sought the initiation of insolvency proceedings against a wholly owned subsidiary of the electric two-wheeler maker over non-payment of dues. Rosmerta Digital Services, an operational creditor of Ola…
Hudson’s Bay Company operates 80 stores and TheBay.com. Credit: JHVEPhoto/Shutterstock. Canadian department store chain Hudson’s Bay Company has revealed plans to initiate a full liquidation of its business as it failed to obtain the necessary… Read the original article here
Sections 8 and 9 of the IBC stated that an operational creditor can only initiate the CIRP process in the event of an uncontested debt and a payment default The Appeal filed by the operational creditors was dismissed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi (NCLAT), which is composed of Justice…
The struggling fashion chain has drafted in advisers to oversee a process of liquidation, according to documents seen by The Sun. It is understood the chain will have shut 35 shops by 14 March after trimming down its store estate since the start of the year. The retailer entered into a company voluntary arrangement (CVA)…
INSCO’s Resolution Plan In Hindustan Glass insolvency Moves Forward BW Legal World Read the original article here
Hudson’s Bay Company has signaled its readiness to take the next major step in its creditor protection and restructuring process, significantly reshaping Canada’s commercial retail real estate market and resulting in major job losses. On Friday, March 14, 2025, the Canadian department store retailer announced a “store-by-store liquidation process” would commence as soon as this…
Ola Electric shares dropped sharply on Monday, falling nearly 7% in early trade. The stock slipped below Rs 50 for the first time, hitting a record low of Rs 46.94 on the Bombay Stock Exchange (BSE). By 10:54 am, it was trading at Rs 47.25, down 6.51%. The decline came after Ola Electric disclosed that…
Ola Electric Share Prices Hit A 52-Week Low, Falling By 7 Ola Electric share prices have faced a significant downtrend, dropping 41.39% year-to-date (YTD). In the previous month, the price fell 21.34%. The stock’s three-month performance displayed weak performance as it declined by 46.13%, similarly, the stock dropped 54.71% in the last six months. On…
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