The NCLT has recalled the order following an agreement between VA Tech Wabag and Consolidated Construction Consortium. The Chennai bench of the National Company Law Tribunal (NCLT) on Friday recalled its earlier order initiating the corporate insolvency resolution process against VA Tech Wabag, the pure play water technology major. The NCLT has recalled the order…
Reuters TORONTO, Oct 13 (Reuters) – Sears Canada on Friday won court approval to begin liquidating all its remaining assets starting Oct. 19, putting the retail chain with 12,000 employees on a path to closure after 65 years in the country. The approval was granted by the Ontario Superior Court of Justice, which…
Sears Canada Inc. received court approval to begin liquidating its stores as the insolvent retailer moves to wind up 65 years of business after failing to adapt to changing consumer tastes. The Toronto-based chains plan to begin selling off its inventory on Oct. 19 was approved by Justice Glenn Hainey in Ontario Superior Court of…
VANCOUVER (NEWS 1130) Sears Canada has been granted permission by the courts to close all its remaining stores. Creditors [wanted] to push Sears Canada into the liquidation phase because they figure they can maximize what they can get out of the company as people start doing their Christmas shopping, says NEWS 1130 Business Editor Mike…
NEW DELHI: LIC Housing Finance has filed an application before the National Company Law Tribunal (NCLT) to start insolvency process against DB Realty for recovery of Rs 30.63 crore outstanding loan, the Mumbai-based developer said. DB Realty said both the parties are in talks to settle this outstanding loan. In a filing to the BSE,…
New Delhi, Oct 13 () LIC Housing Finance has filed an application before the National Company Law Tribunal (NCLT) to start insolvency process against DB Realty for recovery of Rs 30.63 crore outstanding loan, the Mumbai-based developer said. DB Realty said both the parties are in talks to settle this outstanding loan. In a filing…
Tier one Addleshaw Goddard LLP – Manchester DLA Piper UK LLP – Manchester and Liverpool Tier two Eversheds Sutherland (International) LLP – Manchester Gateley Plc – Manchester Pinsent Masons LLP – Manchester Squire Patton Boggs – Manchester Tier three DWF – Manchester Turner Parkinson LLP Manchester Tier four Bermans – Manchester Brabners LLP – Manchester…
The Bellambi Bunnings site recently. Andrew Marks, Bunnings general manager property said, we are working with a number of sub-contractors to complete the remaining construction works”. Picture: File image More than 200 creditors could be out of pocket by up to $6 million due to a prominent local building companys financial woes. Edwards Constructions (NSW) Pty…
They carry such a wide variety of clothing and housewares and bedding. We have fewer and fewer places on P.E.I. to shop, so its disappointing that its closing, she said. The company announced earlier in the day that it failed to find a buyer that would allow the business to operate for the foreseeable future…
Adelaide-based distributor BMS Technology has entered into voluntary administration after more than three decades in business. BMS, whose portfolio includes Canon, Intel, Microsoft and Toshiba, sought the services of Adelaide-based Macks Advisory, with Peter Macks and Ian Burford named as the administrators. The company is headquartered in Adelaide with offices in Melbourne and Perth. Peter…