Massive American company being liquidated in South Africa – Business Tech
Massive American company being liquidated in South Africa Business Tech Read the original article here
Section 8 IBC | Service Of Demand Notice On Corporate Debtor’s Key Managerial Personnel At Registered Office Is Valid: Supreme Court
In a significant ruling clarifying the procedural requirements under the Insolvency and Bankruptcy Code, 2016 (IBC), the Supreme Court on April 29, 2025, held that service of a demand notice under Section 8 of the IBC on the Key Managerial Personnel (KMP) of a corporate debtor at its registered office constitutes valid service. The Court…
Hudson’s Bay gives up on final 7 stores, including Canada’s last Saks 5th Avenue location
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Hudson’s Bay Co. will wind down six namesake stores plus a Saks Fifth Avenue store that the company had previously excluded from liquidation plans, saying on Thursday that “a viable bid for the current six-store…
Corporate insolvencies rise as East Midlands economy shaped and buffeted by national and global politics
Political issues at both national and global level have impacted heavily on local businesses as the prospect of higher employment costs and the threat of trade tariffs across England and Wales pushed up corporate insolvencies by almost a tenth in March. This is according to the Midlands branch of the UK’s insolvency and restructuring trade…
Food firm in liquidation after Powys rescue attempt fails
Patchwork Foods in Ruthin was founded in 1982 by Margaret Carter in her kitchen, and went on to become famous for pates and other specialities. An award-winning business for much of its four decades of trading, Margaret, son Rufus and business partner Jen Whitham helped it achieve a £2 million annual turnover. The trio left the business as…
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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Strategic buyers and investors scouting for insolvency-affected cement assets
Mumbai: Several strategic buyers as well as investors are actively scouting for cement manufacturing companies which are currently undergoing the corporate insolvency resolution process under the Insolvency & Bankruptcy Code.One of the most sought-after assets in the sector is the cement business of debt-laden Jaiprakash Associates Ltd (JAL). The company has four plants in North…
AMSC CFO Morten Bakke steps down ahead of liquidation – TradeWinds
AMSC CFO Morten Bakke steps down ahead of liquidation TradeWinds Read the original article here
European Commission proposals on the Capital Market Union and Clearing
The European Commission’s latest proposals to take forward the Capital Markets Union (CMU) action plan contain a long-awaited deliverable from the plan — an attempt to harmonise insolvency practices across the Union — as well as continuing efforts to make it easier to raise capital on EU public markets. Other proposals were not in the original action plan but address issues…