NCLAT Fortnightly: Important orders on IBC (September 16 – September 30, 2024) Bar & Bench – Indian Legal News Read the original article here
Big Lots sale to Nexus falls apart, plans to close business Crain’s Cleveland Business Read the original article here
The liquidator of a restaurant and café in Castleknock, Dublin, resigned after discovering the operating company’s bank accounts had been “drained of funds”, the High Court has heard. Castleknock Hospitality Ltd, which ran the Twin Oaks and Acorn restaurant/café, went into voluntary liquidation last September having closed last May after just under two years in…
https://www.tipranks.com/news/company-announcements/takeda-announces-subsidiary-liquidation-and-merger-completion Takeda Pharmaceutical Company ( (TAK) ) has shared an update. Takeda Pharmaceutical Company has submitted an extraordinary report detailing its decision to dissolve its specified subsidiary, Shire Pharmaceuticals International Unlimited Company, through liquidation. This move results in a significant change in the voting rights structure, marking the completion of a merger process where Takeda…
Regional insolvency and business recovery specialists McTear Williams & Wood said IBTC Limited – the company trading as International Boatbuilding Training College – will close its doors with effect from today. It will see 11 staff being made redundant at the college at Oulton Broad with its assets being sold off in the new year. In a statement…
Drinks giant Coca-Cola looks set to buy part of the Australian-owned company Billson’s Brewery which was facing liquidation until it received a lifeline from creditors earlier this month. The company went into voluntary administration in July this year, owing more than $7 million to 142 unsecured creditors. The business is housed in a 159-year-old brewery…
All Big Lots Stores Set for Liquidation: Unmissable Going Out of Business Sales Nationwide! The Bee Read the original article here
The standing committee on Communications and Information Technology has asked the department of telecommunications (DoT) to diversify its revenue streams from the telecom sector to increase the government’s revenue without burdening the industry excessively. This is because of the fall in growth rate of revenue receipts for DoT projected in FY25 compared to growth in…
Big Lots Inc.’s efforts to stay in business are beginning to unravel, putting the discount retailer that employs more than 27,000 people at risk of liquidation, according to court records and people with knowledge of the matter. A valuation appraisal of the bankrupt company’s inventory came in lower than expected, which threatens the economics of…
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