The NCLT, the President Justice Ramalingam Sudhakar and technical member LN Gupta announced the order, adding, "We appoint Abhilash Lal as IRP (Insolvency Resolution Professional). Suspended board of directors will cooperate with the IRP."
The National Company Law Tribunal (NCLT) on Monday issued notice to low-cost airline Go First on a petition filed by a pilot regarding his dues, as the beleaguered carrier seeks an early decision on its voluntary insolvency resolution plea.
Bharatiya Janata Party national president JP Nadda on Monday, lashed out against the grand old party over former Congress president MP Sonia Gandhi's 'sovereignty' remark calling it a result of the party's "mental bankruptcy".
"We are reserving the order," said the NCLT two-judge bench of the Delhi office, headed by Justice Ramalingam Sudhakar, and a technical member LN Gupta.
Air India may hire Go First cabin and cockpit crew as part of its mega expansion plans after the news of Go First going into bankruptcy, according to sources.
In another statement, Pratt & Whitney said it was "committed to the success of our airline customers, and we continue to prioritise delivery schedules for all customers. P&W is complying with the March 2023 arbitration ruling related to Go First. As this is now a matter of litigat
The brash digital media disrupter that has charmed giants like Disney and Fox into investing can file for bankruptcy in the coming weeks, according to three people familiar with the matter who wasn't authorized to discuss the potential bankruptcy on the record.
Union Home Minister Amit Shah on Tuesday, strongly hit out at Congress and alleged that fighting the elections by depending on leaders who joined their party after leaving BJP, goes on to show "bankruptcy" in Congress.
Real Estate Regulatory Authority has played a transformational role in formalising the sector and bringing transparency and better governance practices, Piyush Goyal said.
Mumbai (Maharashtra)/ New Delhi [India], April 11 (ANI/BusinessWire India): Cyril Amarchand Mangaldas acted as legal counsel for Adani Ports And Special Economic Zone Limited (APSEZ), in relation to the acquisition of Karaikal Ports Private Limited (KPPL), a company undergoing corporate inso
Pakistan is on the verge of bankruptcy and is roiled by several crises such as food shortage, high inflation, shrinking trade, unemployment, power outage, political instability, and growing debt. Yet, the focus has been on making religious punishments more rigorous.