Insolvency Guardian Media Centre
Restructuring Update Q2 2025 — Report PwC Ireland
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The fate of one of New Zealand’s most recognisable retailers remains uncertain after administrators confirmed Smiths City is entering ‘liquidation sale’ proceedings while they continue talks with potential buyers.
Smiths City Limited, which operates nine stores nationwide and employs more than 110 staff, was placed into voluntary administration on Tuesday.
The company’s administrators, Colin Gower and Diana Matchett of BDO Christchurch, have now completed their initial assessment of the company’s finances and a full stocktake of its stores.
They said discussions were underway with parties interested in taking over parts of the business or its assets, with expressions of interest still being sought.
Eight of the nine Smiths…
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Bank of Baroda Declares RCom And Anil Ambani Loan Accounts As ‘Fraud’.
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Reuters
Anil Ambani Bank of Baroda Case: In a significant development, Bank of Baroda has declared the loan accounts of Reliance Communications Ltd. (RCom) and its former director, Anil Ambani, as “fraud.”
The bank has informed the stock exchange that this classification relates to loans taken before RCom entered the corporate insolvency resolution process (CIRP). The move adds to the challenges already surrounding the troubled telecom company and its former promoter.
RCom’s Position Under CIRP
RCom has been undergoing insolvency proceedings since June 2019 under the Insolvency and Bankruptcy Code (IBC), 2016.
The company…
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Thomas Morey was young and healthy in his first real job out of college when his life turned upside down. One day while playing basketball with some friends he just didn’t feel right. The next day, he felt even worse. Soon, he could barely function. It took doctors a while to figure out what was making him so ill: an inexplicable immune hyperactivity disorder.
“What happened was my immune system started killing healthy cells, blood cells, the lining around my lungs, the lining around my brain,” Morey says.
He started having seizures, which in turn led to him needing back surgery for the damage they caused. He went from a great job in the federal government to being told he might never work again.
“I was in and out of the…
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“Three World Cup winners” – Five England stars face financial ruin — two declared bankrupt Ruck.co.uk
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Quebec Asks Court to Declare Northvolt’s North American Operation Insolvent The Energy Mix
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An independent review has commenced for the HELP debt reduction program for doctors and nurse practitioners living and working in rural, remote or very remote areas, as well as teachers working in very remote areas.
The HELP reduction program aims to attract and retain teachers, doctors and nurse practitioners in these areas to assist in addressing issues of equity and access to education and healthcare across Australia by offering two types of assistance for eligible applicants—a waiver of indexation on accumulated HELP debt, and/or a reduction of accumulated HELP debt.
The Higher Education Support…
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Date published:
An independent review has commenced for the HELP debt reduction program for doctors and nurse practitioners living and working in rural, remote or very remote areas, as well as teachers working in very remote areas.
The HELP reduction program aims to attract and retain teachers, doctors and nurse practitioners in these areas to assist in addressing issues of equity and access to education and healthcare across Australia by offering two types of assistance for eligible applicants—a waiver of indexation on accumulated HELP debt, and/or a reduction of accumulated HELP debt.
The Higher Education Support…
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Reliance Dhirubhai Ambani Group Chairman Anil Ambani on Friday said he is being “selectively targeted” in a staggered manner by select banks, a day after Bank of Baroda declared him and the loan accounts of insolvent Reliance Communications Ltd. as “fraud”.
In a statement, a spokesperson for Ambani said he was not an Executive Director or a key managerial person of RCom, and had no role in the day-to-day operations or decision-making of the company, citing the matter pertains to 2013.
“It is pertinent to note that Mr. Anil D. Ambani served only as a Non-Executive Director on the Board of RCom from inception in 2006 until his resignation from the Board in 2019… After an inordinate lapse of more than 10 years, select lenders have now…