The fabric and craft retailer Joann, which had already announced the closure of hundreds of stores, this week said the chain will shut down completely. Here’s what’s known about the liquidation process: When will the stores close? No date has been announced, and employees also apparently have not been told yet. On social media, staff…
Durban’s Pencil Club — a networking venue for the rich and famous — did not have sufficient money to keep going even until June. Business rescue practitioner Eugene Nel was appointed by the club’s directors earlier this month in an attempt to stave off liquidation. But on Wednesday Nel said it was hopeless. TimesLIVE Premium…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
When Strategy stock plunged more than 11% on Tuesday morning, fears of a potential forced liquidation from the self-described “Bitcoin Treasury” company spread across markets. While those fears are not unfounded—as the company is the largest corporate entity holding Bitcoin—concerns may be overblown. That’s because structural safeguards make a forced liquidation scenario for Strategy “highly…
Windows firm goes bust leaving customers out of pocket The Star Read the original article here
New Look store closures: Full list of 26 shops revealed as liquidation begins Yahoo News UK Read the original article here
Renault’s hydrogen vehicle venture Hyvia placed into liquidation after failing to find a buyer Hydrogen Insight Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Yogesh Khanna (Judicial Member) and Mr. Ajai Das Mehrotra (Technical Member) has held that the National Company Law Tribunal (NCLT) is empowered to decide an issue whether Successful Resolution Applicant (SRA) is liable to pay Pre-Corporate Insolvency Resolution Process (CIRP) electricity dues after…
Two subsidiaries of a major Hong Kong construction firm have been sued by a subcontractor for compensation of more than HK$9.5 million (US$1.2 million) after the parent company proceeded with winding-up proceedings. Paul Y Construction Co and Paul Y General Contractors – two subsidiaries of Paul Y Engineering Group – were allegedly indebted to Mankey…
Strategy (previously MicroStrategy) stock has plunged more than 55% from its all-time high, fueling speculation that the company could be forced to sell off its massive Bitcoin (BTC) holdings. With approximately 499,096 Bitcoin worth $43.7 billion, the firm has built one of the largest corporate Bitcoin reserves, but concerns are rising over its ability to…