Iconic bankrupt retailer closes all 800 stores in liquidation – MSN
Iconic bankrupt retailer closes all 800 stores in liquidation MSN Read the original article here
India considers bankruptcy law revamp as cases drag on
In nine months through December, it took 821 days on average for the courts to approve a resolution plan. That’s 35 per cent longer than in the fiscal year ended March 2023, according to IBBI data. Meanwhile, investors on average recovered about 28 per cent during the financial year ended March 2024, down from 46…
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By Market Capitalisation.Net Sales.Net Profit.Total Assets.Excise.Other Income.Raw Materials.Power & Fuel.Employee Cost.PBDIT.Interest.Tax.EPS.Investments.Sundry Debtors.Cash/Bank.Inventory.Debt.Contingent Liabilities. Screen Crit AbrasivesAerospace & DefenceAgricultureAir ConditionersAirlinesAluminium & Aluminium ProductsAmusement Parks/Recreation/ClubAquacultureAuto AncillariesAuto… Read the original article here
New Look shuts 26 stores in Ireland as it enters liquidation
The Irish branch of fashion retailer New Look is going into liquidation, with an expected loss of around 350 jobs across 26 store closures. The High Court in Ireland approved the appointment of provisional liquidators on Thursday as New Look seeks to wind down its Irish operations following several years of “sustained losses and challenging…
Iconic bankrupt retailer closes all 800 stores in liquidation – MSN
Iconic bankrupt retailer closes all 800 stores in liquidation MSN Read the original article here
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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…
Whistleblower claims exposing corporate corruption in Byju’s insolvency process; implicates Ernst and Young and GLAS Trust in illegal activities
A whistleblower from Ernst and Young India claims to expose a major corporate corruption case involving Byju’s insolvency. As per the whistleblower, Dinkar Venkatasubramanian of EY India allegedly managed the insolvency process for Byju’s on behalf of GLAS Trust, undermining the IBC, 2016. The whistleblower possesses 30GB of evidence, including emails from the interim resolution…
Bankruptcy court allows exclusion of time in Gitanjali Gems liquidation due to PMLA proceedings
The bankruptcy court in Mumbai has allowed an application filed by the liquidator of Gitanjali Gems to exclude about 260 days from the liquidation process of fugitive diamantaire Mehul Choksi-promoted firm’s liquidation process. The company’s liquidator Santanu T Ray has sought exclusion for almost nine months due to ongoing investigations and proceedings under the PMLA…
Insolvency against Coffee Day resumes as NCLAT fails to pass order within deadline
New Delhi: Insolvency process against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, has resumed as appellate tribunal NCLAT could not pass the order within the specified deadline of February 21, set by the Supreme Court. Last week, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) completed the…
Beston to be liquidated after last ditch rescue bids fails – The Weekly Times
Beston to be liquidated after last ditch rescue bids fails The Weekly Times Read the original article here