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.
Former Deputy CM Manish Sisodia in 2019 had filed a defamation case against BJP MP Manoj Tiwari, MP Hans Raj Hans, MP Pravesh Verma, MLA Manjinder Singh Sirsa, MLA Vijender Gupta and BJP spokesperson Harish Khurana for making false allegations regarding his (Manish Sisodia) involvement in co
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.
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."
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."
Chief Justice of India DY Chandrachud, heading a Constitution Bench dealing with a petition seeking legal recognition of same-sex marriage, on Tuesday remarked that the top court is working on making the transcript of live streaming proceedings available in regional languages.
The Enforcement Directorate (ED) apprised the Delhi Court that a proceed of a crime of Rs 622 crore was generated due to the activities of the accused as Excise Minister.
CJI cited the recent clips of the Patna HC judge asking an IAS officer why he is not appropriately dressed or the Gujarat HC judge asking a lawyer why she is not prepared with her case are going around.
A new study published in the Proceedings of the National Academy of Science, provided early evidence of a surge of activity correlated with consciousness in the dying brain.
The Supreme Court on Thursday declined to interfere with the Delhi High Court's March 10 order which had stayed the trial court proceedings against Delhi Commission for Women (DCW) chairperson Swati Maliwal in connection with a case of alleged appointment of Aam Aadmi Party(AAP) leaders to t
The Indian Men's Team won the Asian Champions Trophy Title in the inaugural edition held in 2011 and beat Pakistan in the Final to win the Title in 2016. In the following edition in 2018, India were joint winners with Pakistan after rain affected the proceedings of the Final held in Muscat.