Canada's Hudson's Bay retail chain to terminate more than 8,300 workers by Sunday – Reuters
Canada’s Hudson’s Bay retail chain to terminate more than 8,300 workers by Sunday Reuters Read the original article here
Supreme Court Issues Notice On Riju Ravindran’s Plea Against NCLAT Mandating CoC Nod For CIRP Withdrawal
The Supreme Court recently issued notice on an appeal challenging the National Company Law Appellate Tribunal (NCLAT) judgment holding that the application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) of Think and Learn Pvt Ltd (trade name Byju’s) needed approval from 90 percent of the Committee of Creditors. A bench of Justice Vikram…
Inside the final days of Hudson’s Bay
Open this photo in gallery: Heavily discounted merchandise, part of the Bay’s final liquidation sales, signals the end is near for Canada’s oldest retailer.Nathan Denette/The Canadian Press As a voice crackled over the loudspeaker at the Hudson’s Bay store in Sherway Gardens mall on Friday, the message was not simply about discounts; it was also…
Corporate Applicant Can’t Take Shield Of CIRP To Avoid Legally Recoverable Government Dues: NCLT Delhi
The National Company Law Tribunal Bench of Shri Mahendra Khandelwal (Judicial Member) and Shri Atul Chaturvedi (Technical Member) dismissed a Section 10 application filed under the Insolvency & Bankruptcy Code, 2016 (“the code”) holding that the Corporate Applicant cannot take the shield of CIRP to avoid the legally recoverable government dues. Background Facts: M/s Imperial…
SDAI Limited Reports No New Developments in Subsidiary Liquidation – TipRanks
SDAI Limited Reports No New Developments in Subsidiary Liquidation TipRanks Read the original article here
RPs can now invite interim finance providers to CoC meetings
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant changes to the corporate insolvency framework by notifying the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2025. The amendment regulations, which came into effect on May 26, aim to streamline the insolvency resolution process and enhance…
‘Absolutely gutted’: £16,500 Glastonbury packages won’t be fulfilled after company goes bust | Money News
Glastonbury ticket holders have been left thousands of pounds out of pocket after a luxury glamping company went bust. Festival-goers who booked their tickets and accommodation with Yurtel have been told the company can no longer fulfil its orders and has ceased trading with immediate effect. Money: Read all the latest news here Some had…
Seek restructuring support at first sign of distress – GIPC CEO urges businesses
By Kingsley Webora TANKEH Chief Executive Officer-Ghana Investment Promotion Centre (GIPC), Simon Madjie, has urged Ghanaian businesses to seek restructuring and insolvency services in times of temporary financial difficulty to avert liquidation. “I want to strongly urge SMEs, state-owned enterprises and even large corporations to seek restructuring support at the first sign of distress and…
Corporate insolvencies reach highest level since July
Corporate insolvencies in England and Wales rose last month to the highest level since July. They increased by 2.9% in April to 2,053, up from 1,996 in March, according to new figures from trade body R3. This is a 5.1% decrease compared to last April’s figure of 2,163 but a leap up of 13.2% since…
IBBI Insolvency Reforms 2025 | SCC Times
On 26-5-2025, the Insolvency and Bankruptcy Board of India (‘IBBI’) notified Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (4th Amendment) Regulations, 2025 to enhance transparency, improve creditor protections, and streamline insolvency resolution. It came into force on 26-5-2025. Key Points: The notable changes that this Amendment brings to Insolvency and…