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Breadcrumb Trail LinksNewsCanadaMore than 8.2 million Canadian customers hold about $58.5 million in unused pointsAuthor of the article:The Canadian PressTara
Ghana performed creditably in areas such as labour, utility services and business insolvency in 2024, the latest World Bank Group Business Ready Report 2024 has revealed.
The flagship report of the World Bank Group and the International Finance Corporation (IFC) said the country implemented good practices in its labour dispute resolution mechanisms, transparent information (connection, tariffs, and complaint mechanisms) for water and electricity, and electronic case management systems for liquidation.
Mrs Elizabeth Ofosu-Adjare (middle) with other dignitaries after the programme Photo: Stephanie Birikorang
However, the Business Ready Report 2024, which takes a comprehensive review of the business environment,…
The Supreme Court has criticised the National Company Law Appellate Tribunal (NCLAT) for disregarding a binding precedent set by the apex court to the effect that once a resolution plan is approved by the National Company Law Tribunal, claims not included within it cannot be revived later.
The bench held that NCLAT had wrongly disregarded the 2021 Ghanashyam Mishra judgment, which held that once a resolution plan is approved, all claims not forming part of the plan are extinguished and cannot be subsequently revived. (HT Archive) {{^userSubscribed}}
Trigger warning: the following article contains references to suicide; please avoid reading if you are disturbed by the subject.
Tears brim in Edire Laxmi’s bloodshot eyes as she stands outside the gate of the house where her son took his last breath. “I cannot open the door and see inside. It is too traumatic,” murmurs the frail 39-year-old from Pochamma Basti, Maheswaram, about an hour’s drive from Hyderabad. Unable to return home, she now stays at her mother’s house in a maze of narrow lanes lined with small dwellings in the prosperous village.
Inside a cluttered room filled with rice sacks, utensils and a faded calendar, Laxmi squats beside her mother, staring blankly at her phone. Memories flood in — of her quiet, brooding…
Proposed reform to the Companies Act is a step in the right direction to prevent companies from illegal phoenixing but more needs to be done, advocates and lawyers say.
Employment law advocate May Moncur said several clients had yet to receive compensation following a ruling in their favour by the Employment Relations Authority after their former employer went into liquidation.
Moncur recognised there were legitimate cases in which liquidation was needed, but some owners intentionally avoided liability by declaring bankruptcy and forming a new company with the same leadership.
“These ‘false liquidations’ are often voluntary,” Moncur said. “It’s a low price an employer pays to avoid their liabilities such as…
Bankrupt genetic testing firm 23andMe Holding Co. won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the insolvency case — and has become a source of privacy and safety concerns amid the company’s collapse.
Shares in the company surged on the news, jumping as much as 158% as investors speculated that the bankruptcy could bring in enough cash to pay them something once all of 23andMe’s debts are paid. Under bankruptcy rules, any sale would need to bring in more than the company owes creditors — at least $214 million — before anything could be paid to shareholders.
Himachal Pradesh’s heavy reliance on Central financial assistance, coupled with the failure of successive Congress and BJP governments to establish sustainable revenue streams, has led to a deep fiscal crisis. Unchecked debt accumulation — Rs 13,442.56 crore under the BJP in 2013-14, Rs 47,906.21 crore during the Congress tenure in 2018-19, and Rs 63,735.61 crore left by the Jairam regime in 2021-22 — has placed the Sukhu government in a precarious financial position.
Diversifying revenue streams
To address fiscal challenges, Himachal must explore new revenue sources. Strengthening tax compliance, rationalising subsidies, and monetising government assets are crucial. The state should also demand financial compensation for its…
More than 8.2 million Canadian customers hold about $58.5 million in unused points
Author of the article:
The Canadian Press
Tara Deschamps
Published Mar 26, 2025 • 4 minute read
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Shoppers on an elevator look back at a closed Hudson’s Bay store in a mall on March 20, 2025 in Hamilton, Canada. Photo by Katherine KY Cheng /Getty Images
Article content
Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month.
Here’s how the process is unfolding so far:
Which stores are part of the liquidation?
Hudson’s Bay wants to liquidate all but six of its…
TORONTO – Canada’s oldest company, Hudson’s Bay, may be on the verge of landing more time to save the six stores it has temporarily been able to rescue from liquidation.
An Ontario court has spent the last two days hearing from lawyers about a proposed restructuring plan that could help the beleaguered department store find a way forward but would also put a timeline on how long it has before it will have to sell off the remaining stores.
Ontario Superior Court Judge Peter Osborne adjourned the hearing mid-morning Thursday, promising to make a decision on the agreement later that day or early Friday.
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
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