BMO-Led Lenders Push for Ssense Liquidation Over Founder Buyout – Bloomberg.com
BMO-Led Lenders Push for Ssense Liquidation Over Founder Buyout Bloomberg.com Read the original article here
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Romanian-founded inventory liquidation platform Unfrosen scales operations in 13 European markets
European retail is facing mounting pressure from slowing sales and rising excess inventory, a trend that is reshaping how fashion brands manage surplus stock, according to data and market signals cited by Unfrosen, a Romanian-founded B2B platform specialising in cross-border inventory liquidation. In 2025, Unfrosen expanded operations to 13 European markets and reported sales of…
Black Sheep’s parent company files notice to stave off liquidation
The parent company of Masham’s Black Sheep Brewery has filed another notice of intention (NOI) to appoint administrators, in a fresh attempt to keep the business on life support. Keystone Brewing Group, which also owns Hofmeister and several other brewers, including Leeds-based North Brewing Co, Huddersfield-based Magic Rock and Warwickshire’s Purity Brewing Co, filed three…
Tour company goes into liquidation and cancels trips, no refunds
As tourist numbers in many parts of the world continue to reach new heights, many smaller companies selling tours and various holiday packages have been having a difficult time staying afloat amid a multitude of competitors and the ease of self-booking everything online. Tour operators Great Little Escapes and Jetline in the United Kingdom both shut…
Homebuyers’ maintenance societies, RWAs can’t intervene in insolvency process of developer firm: SC
The Supreme Court on Thursday ruled that homebuyers’ societies or Resident Welfare Associations (RWAs) ordinarily constituted for maintenance and management of common facilities in a housing project cannot intervene in the insolvency proceedings of the developer company. A bench of justices JB Pardiwala and R Mahdevan, which upheld the insolvency proceedings related to Takshashila Heights…
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SC: RWAs Can’t Intervene in Developer Insolvency: Rediff Moneynews
Supreme Court rules RWAs can’t intervene in insolvency of developer firms. Upholds IBC code, protects homebuyer rights. New Delhi, Jan 15 (PTI) The Supreme Court on Thursday ruled that homebuyers’ societies or Resident Welfare Associations (RWAs) ordinarily constituted for maintenance and management of common facilities in a housing project cannot intervene in the insolvency proceedings…
CIRP Admission Mandatory on Default; Housing Societies Lack Locus to Intervene in Section 7 Proceedings: Supreme Court
The Supreme Court of India has upheld the initiation of the Corporate Insolvency Resolution Process (CIRP) against a real estate developer, ruling that the admission of a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) is mandatory once the existence of a financial debt and default is established. The Court further…