Bankruptcy
Big Grid
NCLT admits insolvency plea against Future Supply Chain Solution
PTI -
Future group firm Future Supply Chain Solutions Ltd. in a regulatory filing said the Mumbai bench of National Company Law Tribunal has allowed the plea filed by DHL E-commerce (India) Pvt. Ltd., claiming defaultNew Delhi: The National Company Law...
Fashion
RTW Retailwinds, Inc. voluntarily files Chapter 11 bankruptcy
RTW Retailwinds, Inc., an omnichannel specialty apparel retail platform for powerful celebrity and consumer brands, announced that it and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy...
International News
8 big box brands that are seeking bankruptcy protection amid COVID crisis
Economies all over the world are suffering due to the Novel Coronavirus pandemic, and the global retail industry – which has been in a state of flux for the last few years – has been especially hard hit. The...
International News
JCPenney receives court approval of ‘First Day’ motions to support business operations
J. C. Penney Company, Inc announced that it has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX for the ‘First Day’ motions related to the company’s voluntary Chapter 11 petitions...
Fashion
The ALDO Group announces intention to restructure under Companies' Creditors Arrangement Act
The ALDO Group Inc. announced that it sought and obtained an Initial Order pursuant to the Companies' Creditors Arrangement Act (the "CCAA") from the Superior Court of Québec (the "Court").
In addition, the company has voluntarily applied for similar protection...
Fashion
Neiman Marcus files for Chapter 11 bankruptcy
Neiman Marcus Group LTD LLC announced that it has entered into a Restructuring Support Agreement with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and supporting continued operations during...
Retail
Struggling General Growth Properties files for reorganisation
General Growth Properties, Inc. (GGP), one of the USA's largest REITs, has announced the filing of the plan of reorganisation and related disclosure statement with the Bankruptcy Court in the Southern District of New York for the 92 regional...
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Latest News
‘Gender Gap in the Business Correspondent Industry: Evidence from the Field’ by PayNearby & Grameen Foundation
The report highlights opportunities and barriers women encounter as they work towards financial independence through their business correspondents (BC)...
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