Collapsed international cannabis operator Cannim has officially been placed into liquidation following a failed sales process, seeing its myriad of creditors vie for their share of the tens of millions of dollars now reportedly outstanding. While creditors in Australia are now facing an uphill battle to recover their lost investments, with liquidators warning them not…
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G4 Claims Ltd, run by tycoon Nicole Rudder and based in Wishaw, has entered liquidation according to recent financial filings on Companies House. The firm, which specialised in handling car accidents across Scotland, was also a major sponsor for Scottish Premiership side Motherwell, along with Hibs, and sponsored races at Hamilton Racecourse. It was reported…
C&C Constructions Limited Reports Q3 FY26 Profit of ₹24.42 Million Following Acquisition scanx.trade Read the original article here
The National Company Law Appellate Tribunal (NCLAT) held that a dispute over unpaid celebrity endorsement fees cannot be treated as an “operational debt” under the Insolvency and Bankruptcy Code, 2016 (IBC). The ruling came in an appeal filed by actor Akshay Kumar against ed-tech firm Cue Learn, challenging the National Company Law Tribunal’s (NCLT) refusal…
Bellevue-based outdoor retailer Eddie Bauer has initiated voluntary Chapter 11 bankruptcy proceedings in the US Bankruptcy Court for the District of New Jersey. The filing is specifically limited to the company’s North American brick and mortar operations, which include retail and outlet stores across the US and Canada. The company has entered into a restructuring…
Firm that sponsored Scottish Premiership side goes bust thescottishsun.co.uk Read the original article here
Insolvency law needs a complete overhaul and a new regulator because the current system is unfit for purpose, the Australian Restructuring, Insolvency and Turnaround Association (ARITA) says in its submission to the government investigation on the matter. ARITA chief John Winter said the law was simply “too damn hard” and deterring struggling businesses from doing the…
The UK-based parent company of Alstons, has reported a 41.5% decline in sales to £62.1 million for the year ending 31 December 2024, with pre-tax losses widening sharply to £26.3 million from £757,000 in 2023. © Rido | Dreamstime TCM Living Group’s…
Donegal’s three EuroGiant stores will trade during the process of a review of the company’s store network takes place, after the company entered court-appointed liquidation this week. On Wednesday, EuroGeneral Ltd and Bushgrove Ltd, which trade as EuroGiant, entered into liquidation. EuroGiant has two stores in Letterkenny and one in Donegal Town. Judge Brian Cregan appointed…