insolvency

The Directorate General of Civil Aviation (DGCA) on Friday accepted Go First's resumption plans, subject to conditions. The aviation regulator made the announcement in a notification. "...It is to inform that the proposed…

The National Company Law Appellate Tribunal on Monday disposed of the National Company Law Tribunal (NCLT) order admitting IndusInd Bank’s insolvency plea against Zee Entertainment after both parties announced that all dues have…

The National Company Law Tribunal (NCLT), on Monday, issued a notice in a plea by one of the lessors of Go First, Jackson Aviation, seeking the status of aircraft whose lease was terminated before the moratorium.  The tribunal…

File For Bankruptcy Petition: Insolvency describes the financial situation of an enterprise failing to pay its debts as they become due. The company, in other words, has more debt than assets or income to adhere to its financial obligation…

The National Company Law Appellate Tribunal (NCLAT) on Monday said it will pass an order on the plea challenging the admission of Go First’s insolvency on May 22. Aircraft lessors challenged the order of the National Company Law…

File picture of a SpiceJet aircraft. | Photo Credit: PTI Indian low-cost carrier SpiceJet Ltd on Thursday said it had no plans to file for insolvency, quelling fears of a spillover from rival Go Airlines (India)'s voluntary bankruptcy…

There is no question of SpiceJet initiating an insolvency process and any rumour is completely baseless, said the airline’s chairman and managing director Ajay Singh on Thursday. Aircastle—an aircraft lessor to SpiceJet—earlier…

A GoFirst aircraft. File | Photo Credit: Reuters The National Company Law Tribunal on May 10 admitted Go First’s plea for insolvency and granted protection under a moratorium from recoveries by lessors and lenders.The court has appointed…

Go First on Monday asked the National Company Law Tribunal (NCLT) in Delhi to urgently pass an order on its insolvency plea. The NCLT has not given the next date of hearing or said when an order may be passed. Senior advocate P…

By Ragini Saxena and P R Sanjai   Go Airlines India Ltd., which went under citing Pratt & Whitney engine failures, is optimistic about resuming flights within seven days if the bankruptcy court restrains lessors from taking…