Development debts escalate past $100m – The Press
Development debts escalate past $100m The Press Read the original article here
No rescue in the Worx for hire business – The West Australian
No rescue in the Worx for hire business The West Australian Read the original article here
Revolutionising real estate insolvency in India
b. Participation of land authorities in CIRP Statutory bodies, such as those holding rights over leased land, are often seen to delay the resolution. A recent instance is the Supreme Court’s decision to halt the implementation of NBCC’s approved resolution plan for Supertech, following petitions from the company’s promoters and the Yamuna Expressway Industrial Development Authority.…
Amit Karia says homebuyers’ hope often leads to disappointment
Amit Karia, a Mumbai-based insolvency professional, has handled a number of complex corporate insolvency resolution processes (CIRPs) over the past few years. Out of 10 CIRPs, he managed to get resolution in five of them – four of which are related to real estate companies. Karia has demonstrated a remarkable ability to achieve swift resolutions…
Legal Framework, Process, and Challenges
Corporate liquidation, also known as winding up, is a formal process through which a company’s legal existence is brought to an end, whether due to insolvency, inability to pay debts, or a voluntary decision by its stakeholders (Insolvency and Bankruptcy Code, 2016) [1]. In India, the prominence of corporate liquidation has increased significantly following the…
Hudson’s Bay Extends Liquidation to Entire Fleet
After triggering liquidations at 86 locations across Canada, the Hudson’s Bay Co. has decided to liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. The company had been seeking a buyer for the six stores, but on Friday said it believed that a viable bid for the current six-store model is…
Hudson’s Bay liquidation begins at final stores with markdowns of up to 70 per cent
TORONTO — When the flagship Hudson’s Bay store in Toronto opened Friday morning, customers burst through the doors on a mission to find one thing: deals. Some jogged through the 675,700-square-foot store on Yonge Street in hopes of getting first pick of the company’s famed stripes merchandise. Others made a beeline for the jewelry department,…
Medtecs Updates on Resilient Medical Liquidation and Financial Impact – TipRanks
Medtecs Updates on Resilient Medical Liquidation and Financial Impact TipRanks Read the original article here
Another beloved brewery goes bust and files for Chapter 7 liquidation
By BEN SHIMKUS, CONSUMER REPORTER FOR DAILYMAIL.COM Published: 01:15 AEST, 26 April 2025 | Updated: 03:08 AEST, 26 April 2025 The craft brewing industry just lost even more fizz. Brüeprint Brewing Company — an Apex, North Carolina-based microbrewery — has filed for Chapter 7 bankruptcy. It’s the latest small brewing business to close amid financial struggles…
Hudson’s Bay liquidation begins at final stores with markdowns of up to 70 per cent – CTV News
Hudson’s Bay liquidation begins at final stores with markdowns of up to 70 per cent CTV News Read the original article here