Efforts to salvage the struggling Go First airline have gained significant traction, with new discussions about its potential acquisition taking center stage. …
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Tag:
insolvency
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Airline Updates
NCLT Orders Liquidation of Go Airlines (India) Limited After Insolvency Process.
by Editorby EditorThe New Delhi Bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airlines, bringing a close …
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Aerospace & Aircraft
MIAL Seeks NCLT Clarity on Validity of Jet Airways Aircraft Sale.
by Editorby EditorMumbai International Airport Limited (MIAL), owned by the Adani Group, has filed an application with the National Company Law Tribunal (NCLT) in …
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Airline Updates
Satish Gupta Appointed Liquidator as Jet Airways Faces Final Liquidation.
by Editorby EditorJet Airways, once a leading full-service airline in India, is set to enter the final stages of its financial journey as the …
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Airline Updates
Jet Airways’ Asset Liquidation May Yield Rs 1,000 Crore for Creditors.
by Editorby EditorThe liquidation of Jet Airways’ assets is expected to yield creditors approximately Rs 1,000 crore, as the long-awaited resolution of the airline’s …
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Airline Updates
Creditors Delay Jet Airways Resolution Process, Winning Bidder Appeals to Supreme Court.
by Editorby EditorThe resolution process for Jet Airways has faced significant delays, as reported by the winning bidder during a recent hearing at the …
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Aviation Incident Reports
SpiceJet Faces Insolvency Plea from Operational Creditor, NCLT Responds.
by Editorby EditorSpiceJet is once again facing significant financial challenges as it contends with a new insolvency petition filed by an operational creditor. The …
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The Committee of Creditors (CoC) for Go First, the bankrupt airline formerly known as GoAir, has decided to proceed with liquidation after …
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In a significant development regarding the Jet Airways insolvency case, the National Company Law Tribunal (NCLT) has ruled that the Resolution Professional …