TORONTO (AP) — An Ontario court on Friday gave Hudson’s Bay, Canada’s oldest company, permission to start liquidating all but six of its stores on Monday. The approval from Ontario Superior Court Judge Peter Osborne allows the retailer, which dates back to 1670, to begin selling off inventory at most of its 80 Hudson’s Bay…
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has held that an order terminating the lease cannot be passed during the moratorium period under Section 14 of the Insolvency and Bankruptcy Code, 2016 (Code), particularly when…
WA childcares go into administration after mass resignations The West Australian Read the original article here
Banks have written off a total of Rs 16.35 lakh crore in non-performing assets (NPAs) or bad loans over the past decade, Parliament was informed on Monday. The highest write-off occurred in FY 2018-19, amounting to Rs 2,36,265 crore, while the lowest was in FY 2014-15, with Rs 58,786 crore written off, news agency PTI…
The Insolvency and Bankruptcy Board of India’s (IBBI) recent discussion paper of 4-2-2025 on “Streamlining Processes under the Code: Reforms for Enhanced Efficiency and Outcomes” demonstrates a commitment to address operational challenges in the insolvency resolution process.1 It touches upon several important issues in making the Insolvency and Bankruptcy Code, 2016 (IBC)2 more robust, viz:…
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…
La Baie d’Hudson, Canada’s oldest retail chain, is set to begin liquidating most of its stores effective March 24, 2025, while managing to keep six locations operational thanks to recent sales boosts. After a week of intense negotiations and deliberations, the Ontario Superior Court, led by Judge Peter Osborne, granted the retailer permission to proceed…
TORONTO — After a week spent seeking a lifeline, Canada’s oldest company has found a way to keep six of its stores open — for now — but will begin liquidating the remainder on Monday. TORONTO — After a week spent seeking a lifeline, Canada’s oldest company has found a way to keep six of…
All of B.C.’s Hudson’s Bay stores are closing. Here’s what the liquidation sale might look like CTV News Read the original article here
Sharvain Facades goes into voluntary administration MSN Read the original article here