Insolvency Guardian Media Centre
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Eight of the nine Smiths City stores across the country are set to open for a “significant” liquidation sale, liquidators say.
Earlier this week, the furniture and home appliance retailer went into voluntary administration.
Administrators called for “urgent” expressions of interest for potential buyers of the business.
Liquidators from BDO New Zealand announced liquidation sales began today in Auckland and Christchurch.
Tomorrow, a further five stores will open from 9am in Greymouth, Oamaru, Alexandra, Gore and Invercargill.
The Dunedin store would remain shuttered.
In a statement, BDO said licensed insolvency practitioner Colin Gower and chartered accountant and licensed insolvency practitioner Diana Matchett have undertaken “urgent…
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Bank of Baroda has declared the loan accounts of Reliance Communications Ltd. (RCom) and its former director Anil Ambani as “fraud.” | Image:
Reuters
Anil Ambani Bank of Baroda-RCom Case: In a major move, Bank of Baroda has declared the loan accounts of Reliance Communications Ltd. (RCom) and its former director Anil Ambani as “fraud.” The decision relates to loans taken years before the company entered insolvency.
However, RCom and Anil Ambani have both pushed back, calling the classification selective and unfair.
RCom’s Clarification
Reacting to the development, a Reliance Communications spokesperson told Republic Business, “The loans in question belong to the pre-CIRP period. Under the Insolvency and…
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Owner of burger chain falls into liquidation after deadly outbreak Food Safety News
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Smiths City administrators reopen stores for mass liquidation sale BusinessDesk | NZ
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Reliance Anil Ambani | Image:
Republic
RCom Loan Case: Reliance Communications Ltd. (RCom) and its former director Anil Ambani faced a fresh blow on September 5, 2025. Bank of Baroda declared its loan accounts as “fraud.”
The bank clarified in an exchange filing that these loans were taken before RCom entered insolvency in 2019.
The move follows similar actions by the State Bank of India (SBI) in June 2025 and the Bank of India (BoI) in August 2025, both of which had also classified RCom’s loans as fraudulent.
What Did RCom And Anil Ambani Said?
RCom, however, has pushed back. It argued that such loans, since they were taken before the corporate insolvency resolution process (CIRP) began, must be resolved through…
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Reliance Anil Ambani | Image:
Republic
RCom Loan Case: Reliance Communications Ltd. (RCom) and its former director Anil Ambani faced a fresh blow on September 5, 2025. Bank of Baroda declared its loan accounts as “fraud.”
The bank clarified in an exchange filing that these loans were taken before RCom entered insolvency in 2019.
The move follows similar actions by the State Bank of India (SBI) in June 2025 and the Bank of India (BoI) in August 2025, both of which had also classified RCom’s loans as fraudulent.
What Did RCom And Anil Ambani Said?
RCom, however, has pushed back. It argued that such loans, since they were taken before the corporate insolvency resolution process (CIRP) began, must be resolved through…
Read the original article here
Eight of the nine Smiths City stores across the country are set to open for a “significant” liquidation sale, liquidators say.
Earlier this week, the furniture and home appliance retailer went into voluntary administration.
Administrators called for “urgent” expressions of interest for potential buyers of the business.
Liquidators from BDO New Zealand announced liquidation sales began today in Auckland and Christchurch.
Tomorrow, a further five stores will open from 9am in Greymouth, Oamaru, Alexandra, Gore and Invercargill.
The Dunedin store would remain shuttered.
In a statement, BDO said licensed insolvency practitioner Colin Gower and chartered accountant and licensed insolvency practitioner Diana Matchett have undertaken “urgent…
Read the original article here
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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. This can be done through the following steps:
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