NEW YORK – Business bankruptcies are surging around the world, in some countries reaching volumes not seen since the aftermath of the 2008 financial crisis. It is likely just the start of a wave of corporate defaults. A decade of cheap money instilled a false sense of invincibility in business executives and private equity managers…
“>Ola Electric attributed the registration discrepancy to a “temporary backlog” caused by ongoing negotiations with vendors handling vehicle registrations. Electric two-wheeler maker Ola Electric on Tuesday said it has settled all outstanding dues between its wholly owned subsidiary and creditor Rosmerta Group. In a stock exchange filing, the company noted that Rosmerta has filed to…
R3 responds to February 2025 insolvency statistics The Yorkshire Post Read the original article here
Ola Electric shares is set to attract investor attention following a significant development with its creditor Rosmerta Group. The company has completely settled its outstanding dues, leading to the withdrawal of an insolvency petition. In an early morning exchange filing, Ola Electric Technologies announced that it has “amicably settled all outstanding dues” with Rosmerta Group.…
Ola Electric shares is set to attract investor attention following a significant development with its creditor Rosmerta Group. The company has completely settled its outstanding dues, leading to the withdrawal of an insolvency petition. In an early morning exchange filing, Ola Electric Technologies announced that it has “amicably settled all outstanding dues” with Rosmerta Group.…
Logo supplied by HBC Toronto – Canada’s oldest company will begin going-out-of-business proceedings for nearly all of its 80 Hudson’s Bay stores today. Hudson’s Bay Company ULC, the Canadian entity comprising the retailer Hudson’s Bay and TheBay.com, has been given permission by the temporarily permission by the Ontario Superior Court of Justice to exclude six…
Hudson’s Bay Company began liquidation sales on Monday, while temporarily excluding six stores from the initial process. Hudson’s Bay receives court approval for revised liquidation plan, excludes 6 locations. – Hudson’s Bay The Canadian retailer received court approval on Friday to move forward with a revised liquidation plan as part of its ongoing Companies’ Creditors…
FILE PHOTO – Workers at The Hudson’s Bay store in Kamloops walked out of the job just before Christmas in 2023, shutting the doors for five months. (LEVI LANDRY / iNFOnews.ca) March 24, 2025 – 7:00 PM As Hudson’s Bay liquidates the merchandise…
Wenzel’s the Bakers, which is headquartered in Tolpits Lane, has played down any concerns despite confirming that it is the subject of a winding-up notice. A winding-up petition can be issued to take a company to court if it cannot pay its debts and, if successful, company assets can be sold to pay creditors –…
Shoppers pour into remaining Bay location in city for deals, but liquidation starts tomorrow Liquidation sales start tomorrow at The Bay, but that did not stop shoppers from crowding into the location at Mapleview Centre on Monday morning. The parking lot was full at 11 a.m. today, (Monday, March 24) though many shoppers were seen…