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ASHISH CHHAWCHHARIA
Boeing 777 plane in Dutch Administrator custody sold; insolvency process to close now: Jet AirwaysJet Airways said in the filing that the sale of equipment is as per the terms of the protocol, whereunder it is agreed that the proceeds fr...- PNB asks NCLAT to stay nod to Jet Airways' revival planPunjab National Bank (PNB) moved the appellate bankruptcy court on Thursday, seeking a stay on the approval to Jet Airways’ revival plan, p...
- Jet Airways: Seven-member monitoring panel to manage airline under resolution planAs per the terms of the approved resolution plan, a seven-member monitoring committee is required to be constituted. Three members each wou...
- IBC is here to stay, says Ashish Chhawchharia of Grant Thornton Bharat"India is one of the few countries which has this two step process, the first expectation is revival of the company, and if that isn't the ...
- Hope to see Jet Airways flying again by year end, says airline's resolution professional"We are delighted with the go-ahead to the plan. Certainly, we are quite hopeful of the airline's revival. And if all go well, we hope that...
- Jet Airways annual general meeting adjourned due to lack of quorumJet Airways suspended operations in April 2019 and is currently undergoing an insolvency resolution process. The affairs of the full servic...
- Jet Airways insolvency: A look at torturous negotiations, threats, claims that led to resolutionJet, once the ruler of Indian skies, was run to the ground because of acute competition from low fare carriers, a high cost structure, vari...
- Private equity giant KKR drags Sintex arm to NCLT over Rs 430 crore loanThe private equity group is seeking to initiate insolvency proceedings against Sintex-BAPL Ltd, a unit of the Ahmedabad-based Sintex group ...
- Jet Airways declines 5% after FY20 earningsShares of Jet Airways on Wednesday plunged nearly 5 per cent to its lowest trading permissible limit for the day after the company reported...
- Jet Airways offers two Boeing aircraft for evacuating Indians stranded overseasThe once-storied full service carrier is undergoing insolvency process and its affairs are being managed by insolvency resolution professio...
- NCLT calls meeting with Jet Airways suitorOn Monday, the Mumbai bench of the NCLT directed the resolution professional to communicate with the South American firm Synergy Group to a...
- Jet Airways Q1 results delayed amid 'complexities of issues'The affairs of Jet Airways are now being managed by resolution professional Ashish Chhawchharia under the insolvency law.
- Jet Airways extends deadline for bid submissions to Aug 10The revised deadline for submission is now on August 10 instead of August 3.
- Jet Airways lenders may extend August 3 deadline for EoIs; get four bidsLate last month, the resolution professional Ashish Chhawchharia had floated EoIs for selling stake in the airline that stopped flying mid-...
- Jet Airways: SBI moves intervention plea against HDFC claim on BKC buildingOn July 4, the mortgage lender HDFC had moved the NCLT seeking to keep the airline's BKC property out of the bankruptcy process.
- Lenders’ group allows Jet to raise up to Rs 70 croreBefore Jet landed in bankruptcy court, its lenders had carried out a bidding process but failed to get a single decisive bid for the airlin...
- Committee of creditors to finalise investor hunt process for Jet AirwaysThe committee of over 25 creditors will have its first meeting on Tuesday with the interim resolution professional (RP), appointed by the b...
- Jet shares bounce as Tatas show interest in its assetsTatas already run Vistara in Indian skies in collaboration with Singapore Airlines.
- Resolution Professional meets Jet Airways management, fast tracks processAshish Chhawchharia, partner at Grant Thornton, took charge as RP and met the airline’s management on Saturday.
- Lack of awareness of insolvency code hindrance to resolution: Ashish ChhawchhariaThe only feasible way to do it is make the people in the organisation work for you. Sometimes, you use the stick, sometimes carrot and some...
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