SpiceJet Faces Fresh Insolvency Plea Over $5.94 Million Dues.
Budget airline SpiceJet is facing fresh insolvency proceedings as Indonesia’s PT BBN Airlines has filed a plea over unpaid lease rentals amounting…
NCLT
NCLT Orders Liquidation of Go Airlines (India) Limited After Insolvency Process.
The New Delhi Bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airlines, bringing a close…
Lenders to Go First Expect Recovery in H1FY26, Asset Assessment Ongoing.
Lenders to the defunct Go First airline are now focused on recovering dues expected to reach approximately Rs 6,200 crore. Following the…
Busy Bee Airways Challenges Go First Liquidation in NCLAT.
Busy Bee Airways Pvt Ltd, one of the prospective bidders for the grounded airline Go First, has formally approached the National Company…
NCLT Admits Go First Airlines into Liquidation After Failed Revival.
The National Company Law Tribunal (NCLT) has officially brought an end to Go First’s turbulent journey by admitting the airline, operated by…
MIAL Seeks NCLT Clarity on Validity of Jet Airways Aircraft Sale.
Mumbai International Airport Limited (MIAL), owned by the Adani Group, has filed an application with the National Company Law Tribunal (NCLT) in…
NCLAT Directs NCLT to Decide Who Pays Jet Airways’ Dues to Mumbai Airport.
The National Company Law Appellate Tribunal (NCLAT) has directed the National Company Law Tribunal (NCLT) to determine who will bear the dues…
CoC Recommends EY Executive Dinkar Venkatasubramanian as Go First Liquidator.
In the ongoing liquidation proceedings of bankrupt airline Go First, the Committee of Creditors (CoC) has recommended Dinkar Venkatasubramanian, an Ernst &…
Satish Gupta Appointed Liquidator as Jet Airways Faces Final Liquidation.
Jet Airways, once a leading full-service airline in India, is set to enter the final stages of its financial journey as the…
SpiceJet Faces Fresh Insolvency Petitions Amid Financial Struggles.
Two additional insolvency petitions were filed against budget carrier SpiceJet at the National Company Law Tribunal (NCLT) on Monday, intensifying the financial…