All 89 stores closing as 78-year-old furniture chain liquidates

When you buy something from a chain that has filed for Chapter 11 bankruptcy, it's important to take possession of that item ...
Tax Guru

Personal Guarantor Insolvency Must Go to NCLT Because Corporate CIRP Was Admitted

The Bombay High Court held that insolvency proceedings against personal guarantors cannot continue before the DRT once CIRP of the corporate debtor is underway. Such proceedings must lie exclusively ...

Saks Fifth Avenue Owner on Brink of Bankruptcy as Consumers Pull Back on Non-Essential Spending

Saks Global, owner of Saks Fifth Avenue, is set to file for Chapter 11 bankruptcy as consumers cut discretionary spending and ...

Major furniture chain announces it is going out of business

The Ohio-based company, which filed for bankruptcy in November, has been selling furniture for nearly 80 years.
Tax Guru

Liquidator Cannot Recover Disputed Contractual Dues Under Insolvency Jurisdiction

The issue was whether disputed receivables could be recovered through NCLT during liquidation. The tribunal held that uncrystallised contractual claims fall outside Section 60(5) of the ...
The Daily Overview on MSN

Why Maduro shipped Venezuela's gold to Switzerland in secret

When Nicolás Maduro quietly loaded Venezuela's bullion onto planes bound for Europe, he was not just moving metal, he was ...