Reliance Anil Ambani | Image: Republic RCom Loan Case: Reliance Communications Ltd. (RCom) and its former director Anil Ambani faced a fresh blow on September 5, 2025. Bank of Baroda declared its loan accounts as “fraud.” The bank clarified in an exchange filing that these loans were taken before RCom entered insolvency in 2019. The…
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Eight of the nine Smiths City stores across the country are set to open for a “significant” liquidation sale, liquidators say. Earlier this week, the furniture and home appliance retailer went into voluntary administration. Administrators called for “urgent” expressions of interest for potential buyers of the business. Liquidators from BDO New Zealand announced liquidation sales…
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Queensland company AGAT Business put into voluntary liquidation amid ASIC investigation MSN Read the original article here
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The fate of one of New Zealand’s most recognisable retailers remains uncertain after administrators confirmed Smiths City is entering ‘liquidation sale’ proceedings while they continue talks with potential buyers. Smiths City Limited, which operates nine stores nationwide and employs more than 110 staff, was placed into voluntary administration on Tuesday. The company’s administrators, Colin Gower…
Bank of Baroda Declares RCom And Anil Ambani Loan Accounts As ‘Fraud’. | Image: Reuters Anil Ambani Bank of Baroda Case: In a significant development, Bank of Baroda has declared the loan accounts of Reliance Communications Ltd. (RCom) and its former director, Anil Ambani, as “fraud.” The bank has informed the stock exchange that this…
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