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| Subhiksha gets interim stay on liquidator | 28-APR-09 |
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| The Madras High Court today passed an interim order staying the appointment of a provisional liquidator (PL) for Subhiksha Trading Services, the retail chain which ran out of cash and suspended its operations. |
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| PF office attaches Subhiksha's accounts | 17-MAR-09 |
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| The Chennai Employees’ Provident Fund Office (EPFO) today said it had attached all bank accounts of Subhiksha Trading Services for failing to pay provident fund (PF) dues. |
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| Subhiksha to give up 50% of leased properties | 05-MAR-09 |
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| Subhiksha Trading Services, which earlier said that it would renegotiate rentals with real estate players, today said it would give up 50 per cent of its properties. The retail chain has around 1,600 shops across the country and is spending around Rs 7 crore every month as rent. The company is also planning to appoint seven independent directors after corporate debt restructuring (CDR). |
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| Nominee directors have quit, insists ICICI Venture | 26-FEB-09 |
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| ICICI Venture, which owns 23 per cent of troubled Subhiksha Trading Services, has reiterated that it has exercised the right to withdraw its nominee from the board of the retailer and also informed the Registrar of Companies on the same. |
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| Subhiksha seeks renegotiation with property owners | 20-JAN-09 |
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| Hit by the economic downturn, Subhiksha Trading Services today said it will renegotiate rentals with real estate players, amid allegations, by some property owners, of default in rent payment by the retailer. |
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| Retail firms in FMCG alliances | 07-DEC-05 |
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| With numbers clocked by modern retail stores constantly growing and the fact that the urban rich are contributing to sales coffers of FMCG players, most big-ticket companies are beating a hasty path |
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