Search For "nclt"
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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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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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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"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.
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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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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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In a first, Centre to discuss consumer grievances pertaining to real estat
Updated : 2 years, 11 months ago IST
According to a statement from the ministry of consumer affairs, food and public distribution, the department of consumer affairs is organising a round table conference on "How to effectively redress the grievances pertaining to real estate sector" in Mumbai on Tuesday.
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Viacom18 announces completion of transaction for strategic partnership wit
Updated : 2 years, 11 months ago IST
Viacom18 announced that following the sanction by NCLT Mumbai, the Scheme of the merger of Reliance Storage Limited with itself has become effective and Viacom18 has allotted shares to Bodhi Tree Systems and RIL group entities as consideration for the Scheme of the merger.
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Adani Realty's Ten BKC to Be Delivered in 2024, Homeowners Rejoice
Updated : 3 years, 2 months ago IST
Mumbai (Maharashtra) [India], January 19 (ANI/BusinessWire India): The National Company Law Tribunal ("NCLT") has on 9th January 2023 approved the resolution plan submitted by Adani Goodhomes Pvt. Ltd. for the takeover of Radius Estates & Developers Pvt. Ltd, viz. the special purpose veh
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NCLT transfers ownership of Jet Airways to Jalan-Kalrock Consortium
Updated : 3 years, 2 months ago IST
The National Company Law Tribunal (NCLT) has given the consortium six months from the effective date to pay dues to various creditors and has set November 16, 2022, as an effective date.
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Adani Ports gets NCLT approval for acquisition of Gangavaram port
Updated : 3 years, 5 months ago IST
Ahmedabad (Gujarat) [India], October 10 (ANI): Adani Ports and Special Economic Zone Ltd, India's largest ports and logistics company, on Monday, said it has received approvals from the National Company Law Tribunal (NCLT) for acquiring the remaining 58.1 per cent stake in Gangavaram Port Li
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