Search For "insolvency"
Go First says NCLT order on its plea for insolvency proceedings is a histo
Updated : 2 years, 10 months ago IST
Go First Chief Executive Officer Kaushik Khona said after NCLT decision, "This is a historic ruling as an application of insolvency has been admitted so fast. The order prevents a viable airline from becoming an unviable one. The purpose of IBC has always been revival."
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NCLT admits Go First's plea for insolvency proceedings
Updated : 2 years, 10 months ago IST
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."
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DGCA receives deregistration request for 45 aircraft of Go First Airways
Updated : 2 years, 10 months ago IST
Go First which filed insolvency application has a fleet of 55 aircraft and DGCA has received deregistration request for 45 aircraft. Half of them have been grounded for months due to engine problems.
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NCLT to pronounce order on Go First Airline's bankruptcy plea tomorrow
Updated : 2 years, 10 months ago IST
The Budget airline had filed a petition with the National Company Law Tribunal (NCLT), seeking protection under the bankruptcy law.
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Will respond to DGCA notice in due course: Go First
Updated : 2 years, 10 months ago IST
The Directorate General of Civil Aviation (DGCA) issued a show cause notice to Go First under the relevant provisions of the Aircraft Rules, 1937, for their failure to continue the operation of the service in a safe, efficient and reliable manner on Monday.
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NCLT issues notice to Go First on pilot's plea
Updated : 2 years, 10 months ago IST
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.
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DGCA issues show cause notice to Go First for its failure to continue oper
Updated : 2 years, 10 months ago IST
The airline operator has been asked to submit their reply within 15 days of the receipt of the notice, and further decision on the continuation of their Air Operators Certificate (AOC) will be taken on the basis of the reply submitted by them.
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Go First cancels all flights till May 12 for operational reasons
Updated : 2 years, 10 months ago IST
Go First cancelled all flights until May 12 due to operational reasons, the airline said in a statement on Friday.
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NCLT court reserves order on Go First's plea seeking interim moratorium
Updated : 2 years, 10 months ago IST
"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.
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India poised to become 3rd largest construction market in next 2-3 yrs: Pi
Updated : 2 years, 11 months ago IST
Real Estate Regulatory Authority has played a transformational role in formalising the sector and bringing transparency and better governance practices, Piyush Goyal said.
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Cyril Amarchand Mangaldas advises APSEZ on acquisition of KPPL under IBC
Updated : 2 years, 11 months ago IST
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
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Tribunal approves acquisition of Karaikal Port by Adani Ports and Special
Updated : 2 years, 11 months ago IST
Earlier, APSEZ was declared as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of KPPL. The amount considered for the acquisition is Rs 1,485 crore.
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