The U.S. ecommerce company Zulily says it is closing down, surprising customers, after efforts to salvage the business failed SEATTLE — The U.S. online retailer Zulily is closing down, surprising customers and laying off hundreds of workers after efforts to salvage the business failed. The Seattle-based company said in a notice on its website that…
SEATTLE (AP) The U.S. online retailer Zulily is closing down, surprising customers and laying off hundreds of workers after efforts to salvage the business failed. The Seattle-based company said in a notice on its website that it had tried to fill all pending orders and expected to manage that within the coming two weeks. Zulily…
Cabinet to consider possibility of liquidation of State Lottery Company AKIPRESS.COM – Chairman of the Cabinet of Ministers Akylbek Japarov heard the annual work reports of the state enterprises and joint-stock companies. The Cabinet Chairman slammed work of the State Lottery Company, which has been lossmaking for 2 years. “Why the state should support the…
Axis Bank has approached the National Company Law Tribunal (NCLT) with a plea seeking insolvency proceeding against Zee Learn, said the education services provider in a regulatory filing to the stock exchanges on December 26. “This is to inform you that a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 has been…
Axis Bank (Photo: Bloomberg) Private lender Axis Bank has filed a plea before the National Company Law Tribunal (NCLT) seeking insolvency proceedings against Zee Learn, the education services provider said on Wednesday. Zee Learn disclosed in an exchange circular that it had received a notice from the Mumbai bench of NCLT. “A petition under Section…
Education company Zee Learn Ltd on Tuesday (December 26) said private lender Axis Bank Ltd has filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition aims to initiate the corporate insolvency resolution process (CIRP) for Zee Learn before the National Company Law Tribunal (NCLT) in Mumbai. The company is…
More than 50 creditors are owed some $1.2 million, and a job at an elite school was left unfinished after a Gold Coast construction company was liquidated. W3D Constructions Pty Ltd, owned by Ross Wolbers, the son-in-law of prominent Gold Coast developer Norm Rix, went into liquidation on December 7. The company was building multimillion-dollar…
A popular Japanese restaurant has put over a dozen of its venues into voluntary administration across the country, with inflation and pandemic costs being blamed. Eight Okami restaurants in NSW have been placed into administration along with five in Victoria, two in the ACT and one in South Australia. The all-you-can-eat restaurant chain has more…
A popular Japanese restaurant has put over a dozen of its venues into voluntary administration across the country, with inflation and pandemic costs being blamed. Eight Okami restaurants in NSW have been placed into administration along with five in Victoria, two in the ACT and one in South Australia. The all-you-can-eat restaurant chain has more…
A popular Japanese restaurant has put over a dozen of its venues into voluntary administration across the country, with inflation and pandemic costs being blamed. Eight Okami restaurants in NSW have been placed into administration along with five in Victoria, two in the ACT and one in South Australia. The all-you-can-eat restaurant chain has more…