Kolkata, Oct 14 () Job loss of about 600 people, including blue collar workers and white collar employees, are feared owing to possible liquidation of cable manufacturer Nicco Corporation after the lenders rejected the revival package. “It is sad to see that such an old company is facing possible liquidation. There is job loss fear…
Marc Brunet, owner of Cozy Canuck Heating & Cooling, is among hundreds of claimants left holding the bag in the Sears Canada bankruptcy. After the liquidation he’ll see just a fraction of the $15,709 he’s owed. Worse yet, as a contractor who installs and maintains heating and air conditioning units purchased by Sears customers in…
TORONTO, Oct 13 (Reuters) – Sears Canada on Friday won court approval to begin liquidating all its remaining assets starting Oct. 19, putting the retail chain with 12,000 employees on a path to closure after 65 years in the country. The approval was granted by the Ontario Superior Court of Justice, which also extended creditor…
By: ENS Economic Bureau | Mumbai | Published:October 14, 2017 2:15 am DB Realty said it had availed a loan of Rs200 crore from LIC Housing Finance in January 2010 and Rs188 crore was disbursed DB Realty has said that its lender LIC Housing Finance has referred the company to the Mumbai bench of the…
The NCLT has recalled the order following an agreement between VA Tech Wabag and Consolidated Construction Consortium. The Chennai bench of the National Company Law Tribunal (NCLT) on Friday recalled its earlier order initiating the corporate insolvency resolution process against VA Tech Wabag, the pure play water technology major. The NCLT has recalled the order…
Reuters TORONTO, Oct 13 (Reuters) – Sears Canada on Friday won court approval to begin liquidating all its remaining assets starting Oct. 19, putting the retail chain with 12,000 employees on a path to closure after 65 years in the country. The approval was granted by the Ontario Superior Court of Justice, which…
Sears Canada Inc. received court approval to begin liquidating its stores as the insolvent retailer moves to wind up 65 years of business after failing to adapt to changing consumer tastes. The Toronto-based chains plan to begin selling off its inventory on Oct. 19 was approved by Justice Glenn Hainey in Ontario Superior Court of…
VANCOUVER (NEWS 1130) Sears Canada has been granted permission by the courts to close all its remaining stores. Creditors [wanted] to push Sears Canada into the liquidation phase because they figure they can maximize what they can get out of the company as people start doing their Christmas shopping, says NEWS 1130 Business Editor Mike…
NEW DELHI: LIC Housing Finance has filed an application before the National Company Law Tribunal (NCLT) to start insolvency process against DB Realty for recovery of Rs 30.63 crore outstanding loan, the Mumbai-based developer said. DB Realty said both the parties are in talks to settle this outstanding loan. In a filing to the BSE,…
New Delhi, Oct 13 () LIC Housing Finance has filed an application before the National Company Law Tribunal (NCLT) to start insolvency process against DB Realty for recovery of Rs 30.63 crore outstanding loan, the Mumbai-based developer said. DB Realty said both the parties are in talks to settle this outstanding loan. In a filing…