Go First airlines, which has been grounded since early May, has announced a further extension of flight cancellations till August 31, the airline announced on Monday
NCLT issued notices to the Committee of Creditors of Go First and insolvency regulator IBBI over a plea to refund Rs 597.54 crore to around 15.5 lakh passengers
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) […]
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