The court emphasized the “clean slate” principle afforded to the new management of a company after a successful resolution under the IBC. This principle prevents the revival of old tax liabilities ...

During the pendency of the Appeal filed by the respondent-Authority before the NCLAT, the impugned notice dated 30 th March, 2023 was issued u/s. 148 of the Act to re-open the assessment for ...

Struggling fabric and crafts seller Joann plans to close about 500 of its stores across the U.S. — or more than half of its ...

The former KPMG dealmaker turned publican had argued that revealing details of the dispute could cause the collapse of his ...

Katipult Technology Corp. (TSXV: FUND) ("Katipult" or the "Company"), today announced it has received a demand letter from ...

The former operator of the KFC and Pizza Hut franchises in Turkey on Wednesday promised to pay the outstanding salaries of ...

Volcom will keep all seven Canadian stores open despite U.S. closures. The loyalty program is ending, but retail operations ...

University of Akron professors say there's still a market for bricks-and-mortar-craft retailers, but continuing Joann's path is up to next owner.

The US Bankruptcy Court for the Northern District of Ohio in In re Parkcliffe Development, LLC, Case No. 24-30814 (JPG) entered an order on January 28, 2025 denying a stalking horse bidder’s motions ...

Venice-based drinkware company Tervis Tumbler Co. announced it has resolved its debts after filing for Chapter 11 bankruptcy ...

Filing for bankruptcy can provide serious relief from your mounting debt, but there are a few things to know first.

A recent decision from U.S. District Court Judge David Cleary for the Northern District of Illinois addresses this issue head ...