The application must be denied if the Operational Creditor receives a notice of dispute or if a dispute is noted in the Information Utility in accordance with section 9(5)(ii) of the code In a recent case, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the application under section 9…
Forever 21 is not doing so well after it was revealed the brand is struggling financially. According to CNBC and the Wall Street Journal, the fast-fashion retailer has been looking for a buyer for its U.S. leases. In January, it announced that it was considering other “strategic options” to help keep the company viable. The…
Golden West Brewing Co collapses: Award-winning brewery goes into voluntary administration MSN Read the original article here
Updated Mar 2, 2025 00:55 IST Hero Electric Insolvency Resolution IBC: The Expressions of Interest (EOI) inviting prospective bidders for the company, floated on February 18 is open until March 14, 2025. Article Highlights Sales of Hero Electric plummeted from 100,000 units in FY23 to a mere 11,500 units in the last fiscal year, impacted…
Temuka business placed into liquidation The Press Read the original article here
Cult designer womenswear brand Tuchuzy has fallen into voluntary administration for the second time. The Australian Securities and Investments Commission (ASIC) shared the news in a notice on its website, confirming that administrators were appointed on February 13 this month. Antony Resnick and Henry Kwok from dVT Group have been appointed as joint administrators. The…
Media release 3 March 2025 Bankruptcies buck insolvency trend as alternative solution gains momentum Bankruptcies are defying the broader surging insolvency trend, driven by low unemployment, rising property values, and a lenient stance from the big-four banks, while interest in Personal Insolvency Agreements – a viable alternative to bankruptcy – grows, reports business…
Israeli cybersecurity company Skybox Security filed a request with the Tel Aviv District Court on Sunday for an order to open proceedings. The company has not paid its employees their February salaries, with debts to them amounting to approximately NIS 10 million ($2.78M). Last week, Calcalist revealed that the Israeli company, which employed approximately 100…
Piles of debt and no future certainty have been the fatal blows for a stable of well-known Australian clothing brands as the parent company officially goes bust. Retail giant Mosaic Brands – owner of Millers, Rivers, Crossroads, Katies, Noni B and Autograph – collapsed into voluntary administration in October 2024. In a notice to creditors…
Kingland Group Faces Financial Impact Due to Paul Y. Entities Liquidation TipRanks Read the original article here