Hudson’s Bay on brink of liquidation as additional financing not secured

Canadian department store retailer Hudson’s Bay Company said on Friday it has failed to secure sufficient financing to go ahead with a restructuring transaction under the Companies’ Creditors Arrangement Act.  Hudson’s Bay ​The Toronto-based company said it has only secured limited debtor-in-possession financing that will require the full liquidation of the entire business, added that a store-by-store liquidation process will…

Sharvain Facades goes into voluntary administration

By MAX ALDRED FOR DAILY MAIL AUSTRALIA Published: 08:42 AEDT, 17 March 2025 | Updated: 09:06 AEDT, 17 March 2025 A firm behind several major construction projects has gone into voluntary administration just weeks after completing a key project on the Sydney Fish Markets.  Sharvain Facades engineered the attention-grabbing facade on the University of Technology…

Ola Electric’s vendor moves NCLT over unpaid dues, seeks insolvency action, ET LegalWorld

A vendor of Ola Electric Mobility Limited — Rosmerta Digital Services Private Limited — has filed an insolvency petition against a wholly owned subsidiary of the electric two-wheeler maker over alleged non-payment of dues. The vendor of Ola Electric Technologies Private Limited has approached the National Company Law Tribunal (NCLT) in Bengaluru, claiming that the…

Liquidation Looms for Hudson’s Bay Barring Last-Minute Financial Rescue

Hudson’s Bay Company, Canada’s venerable department store chain and the oldest corporation in North America, will begin to liquidate its entire business next week. The Toronto-based company said Saturday that it filed documents with the Ontario Superior Court of Justice indicating that it was only able to secure limited debtor-in-possession financing, necessitating the liquidation of…