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Closed since March, the building is now ready for a major liquidation sale. Charmaine Then with Edna Louise Household Estate & Liquidation says "This is a very large sale, there over eighteen rooms for people to go into and look into." ....
RBI cancels licence of Pune-based Shivajirao Bhosale Sahakari Bank May 31, 2021 More than 98% of the customers to receive full deposit The Reserve Bank of India (RBI) has cancelled the licence of Pune-based Shivajirao Bhosale Sahakari Bank. The RBI said the bank ceases to carry on banking business, with effect from the close of business on May 31. With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of the bank as per the Deposit Insurance and Credit Guarantee Corporation (DICGC). Act, 1961, will be set in motion, the central bank said in a statement. “As per the data submitted by the bank, more than 98 per cent of the depositors will receive full amounts of their deposits from DICGC. ....
SC Targets Promoter Wealth By Allowing Personal Guarantees To Be Invoked in IBC Cases by R Jagannathan - May 24, 2021 06:32 AM The Supreme Court of India. (SAJAD HUSSAIN/AFP/Getty Images) Snapshot The free lunch is over. Last week, the Supreme Court struck a major blow against cronyism by holding that the personal guarantees given by businessmen can be called in even if their companies have filed for bankruptcy under the Insolvency and Bankruptcy Code (IBC). A two-judge bench comprising Justice L Nageshwara Rao and Justice Ravindra Bhat upheld a 2019 amendment to the IBC which said that the personal guarantees given by promoters who took bank loans could be invoked even after insolvency proceedings are started. ....
The former flagship location of Movenpick Marche in Toronto is having a liquidation sale planned to last over a week after being forced to close la. ....