A BELOVED clothing chain is closing down years after filing for bankruptcy, and the employees had no idea. Francesca’s, the women’s specialty chain, is shutting all of its locations and liquidating all of its assets, according to a company spokesperson. Sign up for the Money newsletter Thank you! Francesca’s is closing all of its stores…
A travel firm that sold flight and hotel holiday packages for Europe and Southeast Asia destinations has gone into liquidation. Regen Central Ltd lost its Air Travel Organisers’ Licensing (ATOL) on January 13 and has gone into liquidation, as shown by the Companies House website. “Regen Central Ltd- ATOL 11020 has ceased trading as an ATOL holder…
Nitin Fire Protection Industries Reports Q3FY26 Results Under Ongoing Liquidation Process scanx.trade Read the original article here
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The two US entities of vodka maker Stoli Group have filed motions to convert their bankruptcies into Chapter 7 liquidations. Stoli Group is the company behind Stoli Vodka Stoli Group USA and its Kentucky Owl American whiskey unit voluntarily filed for Chapter 11 bankruptcy in November 2024 after suffering “financial difficulties” and a two-month-long cyber…
Malaysian businesses may require closure for various strategic or operational reasons. Market conditions may render continued operations unviable, shareholders may seek to exit investments, or companies may need restructuring to optimize their corporate structure. Financial difficulties remain the most common driver, with insolvency affecting businesses across all sectors during economic downturns. WATCH Malaysia – A…
Lai Sun Group Subsidiary Silver Fusion Enters Creditors’ Voluntary Liquidation TipRanks Read the original article here
In a recent decision, the National Company Law Appellate Tribunal (NCLAT) bench ruled that the moratorium under Section 14 and the suspension introduced by Section 10A do not bar the Corporate Insolvency Resolution Process(CIRP) against personal guarantors. The Tribunal stated that merely because the company is going through this process, it does not mean that…
1. Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? Law No. 37 of 2004 on Bankruptcy and Delay of Payments (“Law 37/2004”) emphasises creditors’ rights over debtors and demonstrates that Indonesia can be seen as a creditor-friendly jurisdiction. While there are some limitations on the options that…
Thank you for reading this post, don’t forget to subscribe! The Supreme Court held that a society or Resident Welfare Association of homebuyers has no locus standi to intervene in insolvency proceedings against a real estate developer, as it is neither a creditor nor an authorised representative of allottees. NEW DELHI: The Supreme Court determined…