Search For "bankrupt"
Respect ruling: Pratt and Whitney on Singapore Court order asking it to se
Updated : 2 years, 10 months ago IST
Pratt & Whitney on Thursday said it respects the Interim Arbitration ruling of a Singapore court, directing the US-based engine maker to send five engines every month to Go First airlines between August and December, adding that it will comply with the same.
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Crisis-hit GoFirst grounded for two months; flight cancellation extended t
Updated : 2 years, 10 months ago IST
The airline operator filed for voluntary bankruptcy in early May before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker for its inability to promptly meet obligations - leading to the grounding of a portion of its fleet.
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Pak PM advisor Kayani criticises PTI for bringing country on verge of bank
Updated : 2 years, 10 months ago IST
Kayani mentioned that Pakistan's economic growth rate had only been negative once since 1952, specifically in 2019-20 under the PTI's administration.
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Introducing a comprehensive & practical guide to navigate the Insolven
Updated : 2 years, 10 months ago IST
New Delhi [India], July 3: The Indian business community, financial institutions, and stakeholders have long grappled with the challenges of resolving financial distress in businesses. However, with the dawn of the Insolvency and Bankruptcy Code, 2016 (IBC), a new era of comprehensive legal
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SC to examine whether Resolution Professional will be considered public se
Updated : 2 years, 11 months ago IST
A vacation Bench comprising Justice AS Bopanna and Justice Prashant Kumar Mishra on Wednesday issued notice to the respondents.
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Go First extends flight cancellations till June 30
Updated : 2 years, 11 months ago IST
Go First, an airline facing a crisis, has announced that its scheduled flight operations will continue to be cancelled until June 30 for operational reasons. Initially, the airline said that operations would remain cancelled till June 25.
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GoFirst flights grounded for almost two months after it filed insolvency
Updated : 2 years, 11 months ago IST
In early May, Go First filed for bankruptcy at the National Company Law Tribunal and suspended its flight operations due to rising losses, primarily due to delays in the delivery of Pratt and Whitney's engines leading to the grounding of a portion of its fleet. The airline expects immediate
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IMF urges crisis-hit Sri Lanka to decide on debt restructuring, including
Updated : 3 years ago IST
China's role as Sri Lanka's main creditor has drawn global attention, as the delay caused by China in obtaining the IMF bailout is being closely monitored and questioned. Similarly, China, being a major creditor of Sri Lanka, closely observes other countries' actions regarding an IMF bailout
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"Bankrupt politics": Prakash Javadekar slams opposition for new Parliament
Updated : 3 years ago IST
The BJP leader said that the opposition must "rise above politics" and participate in the inauguration ceremony slated to be held on May 28 at around 12 noon.
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"No definite timeline for resuming operations," says bankrupt Go First to
Updated : 3 years ago IST
"There is no definitive timeline as of now for the resumption of operations by Go First. They have expressed an intent to resume operations at the earliest thought," a senior aviation ministry official said.
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"All allegations are false," NCP leader Jayant Patil after hours of ED que
Updated : 3 years ago IST
The ED is probing the NCP Maharashtra chief's alleged involvement in dubious loans extended to Kohinoor CTNL by IL&FS, which filed for bankruptcy in 2018.
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NCLAT Court reserves verdict on appeal filed by Go First's lessors for May
Updated : 3 years ago IST
Justice Ashok Bhushan-led bench of the National Company Law Appellate Tribunal (NCLAT) Court on Monday evening reserved the judgement for May 22.
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