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AIRLINE INSOLVENCY
NCLAT upholds full PF, gratuity payments for Jet Airways employeesIn a landmark decision, the NCLAT has ruled that former Jet Airways employees are entitled to their full provident fund and gratuity dues, ...- Sunbird Dispute: HC asks SpiceJet to disclose its assetsSpiceJet must reveal its assets to Sunbird France. The lessor seeks payment for unpaid lease rentals and engine maintenance. A UK court ord...
- Sunset for once-storied Jet Airways as turbulent insolvency flight endsJet Airways, once a leading Indian airline, is no more. The Supreme Court ordered its liquidation after years of financial struggles and fa...
- Dispute with Raymach Tech settled: SpiceJet to NCLTSpiceJet Ltd settled a dispute with Raymach Technologies over ₹2.7 crore worth of unpaid dues at the National Company Law Tribunal.
- SpiceJet closer to settlement with aircraft lessor Celestial, says formalities remainSpiceJet informed the National Company Law Tribunal (NCLT) that it has settled the matter with aircraft lessor Celestial Aviation, seeking ...
- SpiceJet and Celestial move closer to settlement; NCLT grants more timeThe counsels for both sides informed the tribunal that Spicejet had made some payments to Celestial Aviation Services Ltd and asked for the...
- NCLT gives nod to a 90-day extension for completion of the Go First insolvency processThe National Company Law Tribunal has allowed Go First's resolution professional to extend the resolution timeline by 90 days until Februar...
- Jindal Power drops plan to submit financial bid for troubled Go FirstRecent regulatory changes in the Insolvency and Bankruptcy Code (IBC) have allowed aircraft lessors to seize aircraft if payments are not m...
- Go First's engine lessors tell NCLT moratorium doesn’t apply; RP claims leases terminated post insolvency filingGo First's engine lessors have argued in the National Company Law Tribunal that their assets should not be covered under the moratorium as ...
- Settlement talks between Go First and Delhivery, NCLT issues noticeThe settlement talks between Delhivery and Go First have failed, the counsels for both parties informed the National Company Law Tribunal o...
- Aviation Ministry, MCA take different flight paths on IBC moratoriumThe Ministry of Civil Aviation (MoCA) has requested that leased aircraft be exempted from the asset moratorium rule enforced by India's Ins...
- National Company Law Appellate Tribunal to hear Go First lessors' plea todayNCLAT on Friday deferred the matter pertaining to Go First lessors' petition seeking a stay on a bankruptcy court order allowing voluntary ...
- No plans to file for insolvency, says SpiceJet CMD Ajay SinghAjay Singh, chairman and managing director of SpiceJet, also said the airline has started the process of reviving its grounded fleet by “us...
- Plane lessor SMBC challenges NCLT move to admit Go First for insolvencySMBC Aviation Capital has challenged the decision by India’s bankruptcy court to admit Go Airlines' voluntary insolvency plea. SMBC, one of...
- SMBC Aviation Capital challenges NCLT order protecting Go First from recovery by lessorsOn Wednesday, the NCLT admitted Go First's plea for voluntary insolvency and admitted for the initiation of Corporate Insolvency Resolution...
- Go First lessors queue up to stitch deals with Air India, Vistara & IndiGoGo Airlines has filed a petition with the National Company Law Tribunal (NCLT) for voluntary insolvency. The court is expected to pass an o...
- Go First asks tribunal to urgently pass order on insolvency pleaGo First on Monday asked the country's company law tribunal to urgently pass an order on its insolvency plea, citing lessors' efforts to ta...
- Insolvency petition a ruse for loan write-offs? Major bank union to oppose Go Airlines' write-offsThe All India Bank Employees' Association (AIBEA) will oppose banks writing off a part of their loans to Wadia group's Go Airlines (India) ...
- Go First: Fasten seat belts' sign has been on for a long whileGo First Airlines has filed a voluntary insolvency petition with India's National Company Law Tribunal (NCLT), in addition to a request for...
- Air ticket prices likely to soar as Go First cancellations reduce capacity, says TAAIBogged down by an acute financial crunch due to grounding of more than half of its fleet amid P&W engine supply woes, Go First has cancelle...
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