"nclt"

DGCA has granted 30 days to cash-strapped airline Go First to submit a restructuring or revival plan

Throwing their hands up, the Go First budget airline's owners filed voluntary insolvency resolution proceedings before the NCLT sending shockwaves through the entire airline industry

Go Airlines said that even if Pratt & Whitney complied with the arbitration award, it would be able to resume full operations by August/September 2023.

Hyderabad: The hush-hush sale of Pawan Hans by the BJP-led government has run into rough weather with the National Company Law Tribunal (NCLT) passing an order last month against Almas Global for failing to make payments to creditors of a Kolkata-based company under an approved resolution plan. Cayman Island-based Almas Global Opportunity Fund SPC (AGOF) […]

There is a valid criticism that the Centre has been weakening tribunals which play a key role in fast-tracking dispute resolution

Grounded carrier Jet Airways on Wednesday reported a loss of Rs 153.35 crore for the June quarter of the last financial year.

The plan will have to be implemented in 90 days starting from June 22

NCLT asked DHFL's (Dewan Housing Finance Corporation Ltd) Committee of Creditors (CoC) to consider giving more money to small fixed deposit holders under the approved resolution plan.

Given the increasing pressure on businesses, it would be imperative to extend the NCLT moratorium until December 2021, the Assocham said in its representation to the Finance Ministry

Says it will restart operations in four to six months after receiving approval from the NCLT for its resolution plan

While giving the approval, the SEBI listed a number of conditions in accordance with the Composite Scheme of Arrangement.

“We have to think of ways to give poor children access to a device that enables them to access classes (may be pre-recorded) and work on improving internet penetration,” he said stressing the need to spend more on healthcare and education.