Hudson’s Bay Company, Canada’s venerable department store chain and the oldest corporation in North America, will begin to liquidate its entire business next week. The Toronto-based company said Saturday that it filed documents with the Ontario Superior Court of Justice indicating that it was only able to secure limited debtor-in-possession financing, necessitating the liquidation of…
Fresh details have emerged about the collapse of the company behind Juicy Festival and Timeless Summer Tour, with liquidators revealing that the company’s inability to secure a liquor license was only part of a broader financial downfall that left the business unable to refund ticketholders or pay its creditors. Thousands of concertgoers have been left…
Court to hear urgent liquidation application against KleuterZone investment scheme MSN Read the original article here
Court to hear urgent liquidation application against KleuterZone investment scheme MSN Read the original article here
The Commercial Court in Dubai has issued a ruling to liquidate a real estate company after it was proved that its manager had been negligent in performing his duties and had breached his obligations. The court also decided to appoint a liquidation expert to oversee the inventory of assets, determine rights and obligations, and sell…
Ola Electric Mobility, in a stock exchange filing on Saturday said that Rosmerta Digital Services has filed an insolvency petition against its wholly owned subsidiary Ola Electric Technologies before the National Company Law Tribunal. The Bhavish Aggarwal-led firm added in the exchange filing that the petition submitted before NCLT’s Bengaluru Bench, alleged to default in…
New Delhi: A vendor of Ola Electric Mobility Limited — Rosmerta Digital Services Private Limited — has filed an insolvency petition against a wholly owned subsidiary of the electric two-wheeler maker over alleged non-payment of dues. The vendor of Ola Electric Technologies Private Limited has approached the National Company Law Tribunal (NCLT) in Bengaluru, claiming…
Mystery around Andrew Donnelly’s troubled businesses deepens The West Australian Read the original article here
Iconic retail food company closing down, no bankruptcy filing yet TheStreet Read the original article here
Ola Electric renegotiated its terms with its vendors, Rosmerta Digital Services and Shimnit India, to reduce costs and enhance registration process efficiencies. An insolvency plea has been filed against Ola Electric by Rosmerta Digital Services on Saturday, March 15 over alleged default in payments, as stated in Ola’s exchange filings. Rosmerta Digital Services was responsible…