Search For "bankruptcy"
Go First extends flight cancellations till June 30
Updated : 2 years, 8 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, 8 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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"All allegations are false," NCP leader Jayant Patil after hours of ED que
Updated : 2 years, 9 months 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 : 2 years, 10 months 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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Vice Media files for bankruptcy
Updated : 2 years, 10 months ago IST
The bankruptcy will not interrupt daily operations for Vice's businesses, which in addition to its flagship website include the ad agency Virtue, the Pulse Films division and Refinery29, a women-focused site acquired by Vice in 2019.
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National Company Law Appellate Tribunal to hear Go First lessors' plea tod
Updated : 2 years, 10 months ago IST
NCLAT on Friday deferred the matter pertaining to Go First lessors' petition seeking a stay on a bankruptcy court order allowing voluntary insolvency of the low-cost airline to Monday.
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IL&FS case: Jayant Patil requests another date to appear before ED
Updated : 2 years, 10 months 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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Boeing terms Go First insolvency 'unfortunate' in Indian aviation market w
Updated : 2 years, 10 months ago IST
On the Go First issue of bankruptcy, US aircraft manufacturer company Boeing India on Friday said these are unfortunate circumstances for the airline, the lessors, travellers and for all the stakeholders.
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Indian rupee gains momentum as primary currency in 18 countries
Updated : 2 years, 10 months ago IST
New Delhi [India], May 11 (ANI/PNN): The trajectory of many of the 'Global South' countries has not been smooth or linear for the past hundred years. Breaking the shackles of colonization for many was only the job half done. The rest required careful hard work in the right sectors to survive
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SMBC Aviation Capital challenges NCLT order protecting Go First from recov
Updated : 2 years, 10 months ago IST
On Wednesday, the NCLT admitted Go First's plea for voluntary insolvency and admitted for the initiation of Corporate Insolvency Resolution Process (CIRP) proceedings. NCLT has granted Go First protection under a moratorium from recovery by lessors and lenders.
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"Without Merit": Pratt & Whitney on Go First's allegations; to pursue
Updated : 2 years, 10 months ago IST
"Go First's allegations that Pratt & Whitney is responsible for its financial condition are without merit. Pratt & Whitney will vigorously defend itself against Go's claims, and is pursuing its own legal recourse," Pratt & Whitney Spokesperson told ANI.
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NCLT decision is historic, in line with spirit of Insolvency and Bankruptc
Updated : 2 years, 10 months ago IST
Go First Airline Chief Executive Officer Kaushik Khona on Wednesday said the airline was grateful for the entire process of NCLT and noted that this is in line with the spirit of the Insolvency and Bankruptcy Code (IBC)
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