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GO FIRST INSOLVENCY
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- Jaypee Golf Club members in Noida seek clarity as Adani takeover of JAL nearsJaypee Golf Club members face uncertainty as Jaiprakash Associates' insolvency nears conclusion. Members demand clarity from the Resolution...
- Venugopal Dhoot moves SC against order upholding separate insolvency for Videocon Industries Ltd and VOVLVideocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows s...
- NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil VenturesThe NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an...
- Vedanta questions metrics behind Adani’s winning bid for JALVedanta Group is challenging the selection of Adani Enterprises' bid for Jaiprakash Associates Ltd. Vedanta claims its offer was significan...
- Go First insolvency case: NCLT asks promoters to file reply on liquidation in 3 weeksThe National Company Law Tribunal (NCLT) has directed the suspended board of Go First to respond within three weeks regarding the liquidati...
- Go First granted 60-day extension by NCLT to complete insolvency proceedingsBankrupt airline Go First has been granted an additional 60 days by the National Company Law Tribunal (NCLT) to conclude its insolvency pro...
- Lenders to open bids for Go First todayBids for bankrupt airline Go First will be opened on Friday. Ajay Singh, SpiceJet owner, and Nishant Pitti, co-owner of EaseMyTrip, are fro...
- Go First lenders can check out new offers as RP extends voting deadline"Among the creditors, a large public sector bank which is a key creditor wants more time since the approval to extend the process needs to ...
- DGCA directs Go First to submit revival plan in 30 daysAviation regulator DGCA on Thursday granted 30 days to cash-strapped airline Go First in order to submit a comprehensive plan for the reviv...
- Insolvency filing 'depressing' in growing Indian market, says Airbus India chief amid Go First crisisUnder the Cape Town Convention (CTC), if a lessor has invoked the Irrevocable De-registration and Export Request Authorisation (IDERA), the...
- Go First cancels all flights till May 26 due to 'operational reasons'The Wadias-owned Go First filed for voluntary insolvency proceedings on May 3. While the bankruptcy court had put a moratorium on the low-c...
- Go First insolvency: NCLAT to pass order on aircraft lessors' petitions on May 22So far this month, several lessors have approached aviation regulator DGCA for deregistration and repossession of Go First's 45 planes.
- TAAI says might move NCLT against Go First if there is no viable solution for duesThe Travel Agents Association of India (TAAI) has threatened to move the National Company Law Tribunal (NCLT) if Go First does not provide ...
- 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...
- Bankruptcy court reserves its order in Go First’s voluntary insolvency applicationThe carrier argued that it is seeking a comprehensive debt restructuring and that it is not a malicious petition to avoid payments of dues ...
- Bankers expect minimal losses from Go First insolvencyWhile promoter Wadia group has refused to infuse any more equity, banking sources said that the airline has sufficient collateral against i...
- NCLT tells Go First Airlines there is no scope for interim moratoriumThe Delhi National Company Law Tribunal has stated that there is no provision for an interim moratorium under the Insolvency and Bankruptcy...
- Go First files for insolvency proceedings, suspends flights; DGCA issues show cause noticeOn insolvency filing, the airline in a statement said: "Go First has had to take this step due to the ever-increasing number of failing eng...
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