A supermarket that mysteriously closed in January, leaving customers unsure if it would reopen, has entered into liquidation. The grocery store at Pelican Waters was only open for six months before a notice was placed on the door informing of an “unforeseen” closure over the Australia Day long weekend. Customers were originally informed W’Gusto IGA…
Retailer files for bankruptcy, begins liquidation sales at its U.S. stores PennLive Read the original article here
Shares of food delivery giant Zomato gained sharply during the trading session even as it may face an insolvency plea after one of its operational creditors moved the National Company Law Tribunal (NCLT). It has come to light that Nona Lifestyle Private Limited has moved the law tribunal to restore an insolvency plea that it…
By AFP Published on: March 18, 2025 05:55 (EAT) Shoppers enter a Forever 21 fashion retail store at the King of Prussia mall in King of Prussia, Pennsylvania, U.S. September 30, 2019. REUTERS/Mark Makela/File Photo Apparel retailer Forever 21 said Monday it commenced voluntary bankruptcy proceedings in the United States, beginning plans for an “orderly…
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…
Insolvency Plea Revival The insolvency case hearing took place in October 2024. However, the plea was dismissed for non-prosecution in November. Later, Nona Lifestyle again moved the petition for its restoration. Nona Lifestyle’s counsel advocate Tanu Singhal, during the latest hearing, told NCLT that she was not able to attend the previous proceedings. Read the…
Arshiya Limited Undergoes Corporate Insolvency Resolution TipRanks Read the original article here
A liquidation plan at Canada’s oldest company could begin at all of its locations as soon as Tuesday and last for up to 12 weeks, but Hudson’s Bay is still holding out hope that it will find a lifeline. Lawyers for the beleaguered retailer said in an Ontario court Monday morning that if approved by…
Samsung C&T braces for potential lawsuits as stock price lags below liquidation value – CHOSUNBIZ 조선비즈 Read the original article here
The Insolvency and Bankruptcy Board of India (IBBI) has tightened disclosure requirements for Insolvency Professionals (IPs), mandating them to include comprehensive details of carry forward losses in the Information Memorandum (IM) prepared during corporate insolvency resolution processes. In a directive issued under Section 196 of the Insolvency and Bankruptcy Code, 2016, the IBBI has asked…