When the flagship Hudson’s Bay store in Toronto opened Friday morning, customers burst through the doors on a mission to find one thing: deals. Some jogged through the 675,700-square-foot store on Yonge Street in hopes of getting first pick of the company’s famed stripes merchandise. Others made a beeline for the jewelry department, where they…
A heating company’s former home has been put up for sale. The property once occupied by Tomkinson Heating on Buxton Road has hit the market. It comes after the firm went into liquidation in March, with their goodwill and customer base acquired by GasCare. Priced at £275,000, the building is described as an ‘excellent owner…
The Federal Court in Brereton, in the matter of ICT Century Pty Ltd (In Liquidation) [2025] FCA 107 granted the liquidators of ICT Century Pty Ltd (in liquidation) (ICT) a one-year ‘shelf order’, or an extension of time to bring voidable transaction claims under section 588FF(1) of the Corporations Act 2001 (Cth). This allows liquidators…
Development debts escalate past $100m The Press Read the original article here
No rescue in the Worx for hire business The West Australian Read the original article here
b. Participation of land authorities in CIRP Statutory bodies, such as those holding rights over leased land, are often seen to delay the resolution. A recent instance is the Supreme Court’s decision to halt the implementation of NBCC’s approved resolution plan for Supertech, following petitions from the company’s promoters and the Yamuna Expressway Industrial Development Authority.…
Amit Karia, a Mumbai-based insolvency professional, has handled a number of complex corporate insolvency resolution processes (CIRPs) over the past few years. Out of 10 CIRPs, he managed to get resolution in five of them – four of which are related to real estate companies. Karia has demonstrated a remarkable ability to achieve swift resolutions…
Corporate liquidation, also known as winding up, is a formal process through which a company’s legal existence is brought to an end, whether due to insolvency, inability to pay debts, or a voluntary decision by its stakeholders (Insolvency and Bankruptcy Code, 2016) [1]. In India, the prominence of corporate liquidation has increased significantly following the…
After triggering liquidations at 86 locations across Canada, the Hudson’s Bay Co. has decided to liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. The company had been seeking a buyer for the six stores, but on Friday said it believed that a viable bid for the current six-store model is…
TORONTO — When the flagship Hudson’s Bay store in Toronto opened Friday morning, customers burst through the doors on a mission to find one thing: deals. Some jogged through the 675,700-square-foot store on Yonge Street in hopes of getting first pick of the company’s famed stripes merchandise. Others made a beeline for the jewelry department,…