Irish corporate insolvencies fell 14 per cent in the first quarter of this year to a total of 192 liquidations, receiverships, examinerships and small company administrative rescue processes (Scarps), continuing a drop-off seen in the latter part of 2024, according to PwC. For last year as a whole insolvencies rose 16 per cent to 852,…
Franks said if nobody purchased Olivado’s operating assets then no one would process much of the fruit which did not reach export or retail quality. He said the price paid for the business was confidential. In January, Seeka joined court proceedings against Olivado. Franks today said aspects of the case had been “disappointing” but any…
Franks said if nobody purchased Olivado’s operating assets then no one would process much of the fruit which did not reach export or retail quality. He said the price paid for the business was confidential. In January, Seeka joined court proceedings against Olivado. Franks today said aspects of the case had been “disappointing” but any…
Hudson’s Bay, Canada’s oldest company, started its liquidation this week. “The Bay building is almost 100 years old, it’s Class A heritage, and I think it’s an incredibly important building to the downtown,” said Vancouver Coun. Mike Klassen. While the Bay initially filed for creditor protection with the intention of restructuring, the majority of its stores…
Cannabis firm insolvent after failing to pay staffer for two years of work The Post Read the original article here
The National Company Law Tribunal (NCLT) Mumbai bench of Shri Anil Raj Chellan (Judicial Member) and Shri K. R. Saji Kumar (Technical Member) while disallowing the Liquidator’s application for the private sale of the Corporate Debtor’s assets, it was held that the Liquidator must not restrict the private sale to a single buyer but should…
Translated by Nazia BIBI KEENOO Published March 29, 2025 … Read the original article here
Hudson’s Bay, Canada’s oldest company, is winding down its operations at most of its stores across the country—except for three locations in Ontario and three in Quebec. The Bay is just the latest of many to shutter in Canada. Here’s what other stores shut down. Published: March 28, 2025 at 9:04AM EDT Target Canada The popular…
An Ontario judge has rejected a Hudson’s Bay Company restructuring agreement, increasing the likelihood that lenders may seek to push the company into receivership. In a written decision issued Saturday, Justice Peter Osborne of the Superior Court of Justice said he declined to approve the agreement because it is “neither necessary nor appropriate at this…
The National Company Law Tribunal (NCLT) Mumbai bench of Hon’ble Shri K. R. Saji Kumar (Judicial Member) and Hon’ble Shri Sanjiv Dutt (Technical Member) has held that failure to respond to a demand notice within 10 days under Section 8 of the Insolvency and Bankruptcy Code, 2016 (the Code) does not bar the Corporate Debtor…