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GO FIRST IBC
Beyond the Terminal: NRIs should factor 'Inevitable India' into their portfoliosIndian economy is transforming, offering opportunities for Non-Resident Indians. Despite rupee depreciation, an undervalued currency presen...- 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...
- Lord’s Mark Industries receives BSE listing approval under PPIRPLord's Mark Industries Ltd. achieved a historic first, securing stock exchange listing approval under India's IBC scheme of PPIRP. This sig...
- 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...
- NCLT seeks Go First response on CoC decision to liquidate companyThe National Company Law Tribunal has issued a notice to the suspended management of Go First, seeking a response to the Committee of Credi...
- Delhi HC allows lessors' plea seeking deregistration of all 54 Go First aircraft, restrains carrier from flying themThe Delhi High Court grants lessors' request to deregister Go First's 54 aircraft, restricting the airline from operating them and ordering...
- Go First gets another 60 days to complete insolvency processA two-member bench of the Delhi-based NCLT admitted the request by the resolution professional (RP) of Go First, seeking an extension of th...
- Go First liquidation a possibility; lowballed banks may seek better offerSpiceJet consortium and SkyOne are frontrunners in the race for Go First as present. Lenders may ask bidders to improve offers in the resol...
- No saviour flies in for Go First, airline may fly into liquidation"There are only two options, either liquidation or extend the resolution timeline in the hope of finding a buyer. Lenders are inclined towa...
- After Naveen Jindal backtracks, Go First has nowhere to goNaveen Jindal group company Jindal Power, which had submitted an expression of interest for Go First, has decided not to submit a financial...
- 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...
- NCLT refuses to restrain Go First from flying planesIndia's Insolvency tribunal NCLT has rejected aircraft lessors' petitions to seize back the planes leased to Go First. The firm has been gr...
- Wadia group looking for partners to bid for Go FirstThe resolution professional of Go First has invited Expression of Interest (EoI) in the company from investors. The EoI allows a company or...
- Go First suspended board files caveats before Supreme Court against aircraft lessorsThe suspended board of Go First on Tuesday filed caveats before the Supreme Court against four aircraft lessors of the crisis-hit airline. ...
- Go First has 'very tight schedule'; needs to raise funds: Interim Resolution Professional tells staffThe budget airline stopped flying from May 3 and filed the insolvency petition due to fund crunch caused by the grounding of many planes in...
- DGCA issues show cause notice to Go First, asks co to stop selling tickets"In view of the sudden cancellation of flights and initiation of corporate insolvency resolution process under IBC by Go Airlines (India) L...
- 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...
- Wadias may seek IBC rule waiver to bid for Go FirstThe Wadia Group, which owns Go First Airlines, could seek a waiver from the Insolvency and Bankruptcy Code (IBC) rules that bar promoters f...
- 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 ...
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