Search For "ncl"
National Company Law Appellate Tribunal upholds NCLT's Go First insolvency
Updated : 2 years, 10 months ago IST
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the National Company Law Tribunal (NCLT) order which had admitted Go First Airlines' voluntary plea for insolvency
Read More
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.
Read More
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.
Read More
AWG's warning to India is to influence NCLAT ahead of hearing: Wadia Group
Updated : 2 years, 10 months ago IST
AWG should focus on ensuring that its own members abide by international arbitration awards rather than issuing threatening watch list notices to India and quoting the Cape Town Convention (CTC) to influence the proceedings currently being heard in the National Company Law Appellate Tribu
Read More
SC refuses to interfere with NCLAT order allowing Supertech's promoters to
Updated : 2 years, 10 months ago IST
The Supreme Court on Thursday refused to interfere with the National Company Law Appellate Tribunal (NCLAT) order and allowed Supertech's promoters to raise funds on a priority funding basis and complete the projects.
Read More
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.
Read More
Go First CEO meets DGCA official, civil aviation secretary for future cour
Updated : 2 years, 10 months ago IST
Go First CEO Kaushik Khona met DGCA officials right after the National Company Law Tribunal (NCLT) in its judgement on Wednesday admitted the plea of Go First Airlines for insolvency proceedings.
Read More
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)
Read More
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."
Read More
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."
Read More
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.
Read More
"No adverse ruling against us," says SpiceJet on NCLT notice
Updated : 2 years, 10 months ago IST
As the National Company Law Tribunal (NCLT) issued notice to SpiceJet on a plea filed by Irish aircraft lessor Aircastle, the budget carrier on Monday said the NCLT notice was issued in a normal course and there was no adverse ruling against the airline.
Read More