Insolvency Guardian Media Centre
Controversial preschool group KleuterZone placed into provisional liquidation News24
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Insolvency-related activity increases across Bucks and South East region Bucks Herald
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Zomato stock price zooms 6% today despite reports of insolvency plea MSN
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Scottish corporate insolvencies up 10% year-on-year Insider.co.uk
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The corporate battlefield: Global insolvencies in times of war economics Allianz
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Zomato stock price zooms 6% today despite reports of insolvency plea MSN
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A supermarket that mysteriously closed in January, leaving customers unsure if it would reopen, has entered into liquidation.
The grocery store at Pelican Waters was only open for six months before a notice was placed on the door informing of an “unforeseen” closure over the Australia Day long weekend.
Customers were originally informed W’Gusto IGA would reopen on January 28, but that information was later changed to “Closed until further notice”.
However, the IGA never reopened and on March 12 a notice of appointment as liquidator was published on the ASIC website.
Related story: Boutique waterfront shopping centre about to open
The notice confirmed the company, listed as W’Gusto Supermarkets Pty Ltd, was put into…
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Shares of Ola Electric Mobility Limited tumbled 7.23 per cent, or Rs 3.65, on Monday, hitting a record low of Rs 46.86 on the National Stock Exchange (NSE).
With this drop, Ola Electric’s stock fell below the Rs 50 mark for the first time. The company’s shares have now fallen 37 per cent from its issue price of Rs 76 per share and is down 70 per cent from its post-listing high of Rs 157.
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Over the past month alone, the stock has declined by 18 per cent. The sharp decline came after the company disclosed that an insolvency petition had been filed against its wholly-owned subsidiary, Ola Electric Technologies, by Rosmerta Digital Services.
In a filing over the weekend, the company confirmed…
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Retailer files for bankruptcy, begins liquidation sales at its U.S. stores PennLive
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Shares of food delivery giant Zomato gained sharply during the trading session even as it may face an insolvency plea after one of its operational creditors moved the National Company Law Tribunal (NCLT).
It has come to light that Nona Lifestyle Private Limited has moved the law tribunal to restore an insolvency plea that it had filed earlier against Zomato under Section 9 of the Insolvency and Bankruptcy Code (IBC) in 2024.
Despite the insolvency plea, Zomato shares have not been impacted. In fact, they were trading 6.13% higher at Rs 216.35 on the Bombay Stock Exchange (BSE) at 2:42 pm. It had earlier reached an intraday high of Rs 216.50.
As far as the Zomato stock is concerned, it is up over 4% in the past five trading sessions, down…
Read the original article here
Shares of food delivery giant Zomato gained sharply during the trading session even as it may face an insolvency plea after one of its operational creditors moved the National Company Law Tribunal (NCLT).
It has come to light that Nona Lifestyle Private Limited has moved the law tribunal to restore an insolvency plea that it had filed earlier against Zomato under Section 9 of the Insolvency and Bankruptcy Code (IBC) in 2024.
Despite the insolvency plea, Zomato shares have not been impacted. In fact, they were trading 6.13% higher at Rs 216.35 on the Bombay Stock Exchange (BSE) at 2:42 pm. It had earlier reached an intraday high of Rs 216.50.
As far as the Zomato stock is concerned, it is up over 4% in the past five trading…