Insolvency Guardian Media Centre
Debt Relief Service Market
The latest research study released by Worldwide Market Reports on “Debt Relief Service Market 2025 Forecast to 2032” research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Debt Relief Service industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. This study does a thorough examination of the market and offers insights based on an…
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Bankruptcy and beyond: The fate of licensed intellectual property during bankruptcy and insolvency Dentons
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TORONTO — Hudson’s Bay is expected to be back in court today, where it continues to seek permission to liquidate all of its stores as part of its creditor protection case.
Since Monday, the department store chain that holds the title of Canada’s oldest company wants Ontario Superior Court judge Peter Osborne to allow it to sell off merchandise at its 80 stores, three Saks Fifth Avenue shops and 13 Saks Off 5th locations in Canada.
The company’s lawyers have said the liquidation request was necessary because it doesn’t have the funding needed to keep the stores alive, but it will keep searching for that backing, in hopes of reversing its liquidation plans.
Some lawyers representing landlords, suppliers and employees have opposed…
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Hudson’s Bay heads back to court where it’s been asking for liquidation permission MSN
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The Supreme Court has allowed an appeal in a case pertaining to the Insolvency and Bankruptcy Code, 2016 and reiterated that all the dues including the statutory dues owed to the Central Government, if not a part of the Resolution Plan, shall stand extinguished.
The Appeal before the Apex Court was filed under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IB Code) challenging the judgment passed by the National Company Law Appellate Tribunal (NCLAT).
The Division Bench comprising Justice Abhay S Oka and Justice Ujjal Bhuyan said, “In this case, the income tax dues of the CD for the assessment years 2012-13 and 2013-14 were not part of the approved Resolution Plan. Therefore, in view of sub-section (1) of…
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New Delhi: Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia’s PT BBN Airlines over unpaid lease rentals totalling $5.94 million.
The National Company Law Tribunal (NCLT), Delhi bench, heard the case on Friday but has yet to issue a notice after SpiceJet sought time to respond. The next hearing has been scheduled for 21 April.
PT BBN Airlines claims SpiceJet leased three Boeing aircraft under specific agreements, took possession on 9 June 2024, and used them for operations. However, the airline allegedly defaulted on lease payments between May and September 2024.
According to the lessor, SpiceJet acknowledged the…
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More details emerge on Zorzi Builders failure The West Australian
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TORONTO — Hudson’s Bay is expected to be back in court today, where it continues to seek permission to liquidate all of its stores as part of its creditor protection case.
Since Monday, the department store chain that holds the title of Canada’s oldest company wants Ontario Superior Court judge Peter Osborne to allow it to sell off merchandise at its 80 stores, three Saks Fifth Avenue shops and 13 Saks Off 5th locations in Canada.
The company’s lawyers have said the liquidation request was necessary because it doesn’t have the funding needed to keep the stores alive, but it will keep searching for that backing, in hopes of reversing its liquidation plans.
Some lawyers representing landlords, suppliers and employees have opposed…
Read the original article here
Hudson’s Bay heads back to court where it’s been asking for liquidation permission CTV News
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Concerns were raised that tech companies Affinity Technology Solutions Limited and RCSR Tech Limited were operating a direct debit scam
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Monthly payments of around £30 were made without customers’ knowledge or permission, complainants said
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Both companies have now been shut down in court following investigations by the Insolvency Service
Two connected tech companies which claimed to protect people online and enhance their social media image have been shut down following concerns they were running a direct debit scam.
Manchester-based companies Affinity Technology Solutions Limited and RCSR Tech Limited were both wound-up at the High Court in Manchester on Tuesday 18 March.
Affinity…
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Ilma is an Associate in the Restructuring and Insolvency Team in Freeths’ Sheffield office. Ilma joined the team in December 2019 and, following the completion of her training contract, qualified as an Associate in June 2024. She has experience in both corporate restructuring and insolvency matters.
Ilma advises a wide range of stakeholders involved in insolvency and restructuring matters, including insolvency practitioners, lenders, corporate clients and directors. She regularly advises on corporate insolvency processes, including administrations and liquidations and individual insolvency processes.
Ilma advises insolvency practitioners and other companies’ stakeholders on various aspects including but not limited…