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INSOLVENT ENGINEERING FIRM
CRISIL's Dharmakirti Joshi gives India a 7 out of 10 on growth durability; says private capex has the money but not the willIndia's economic growth remains strong and durable. Corporate India possesses robust financial health but lacks the confidence to invest. N...- The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...
- Apple names insider John Ternus as CEO, Tim Cook to become executive chairmanApple on Monday named long-time executive John Ternus as its next chief executive officer, marking a leadership change as the company prepa...
- Anil Agarwal says Vedanta got written win for Jaypee Group asset bid, later reversedMining baron Anil Agarwal stated Vedanta was initially declared the highest bidder for a Jaypee Group asset. However, the decision was late...
- 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...
- SC stays NCLAT's order initiating insolvency proceedings against Purvanchal Vidyut Vitran NigamA vacation Bench of Justice Sanjay Kumar and Justice Augustine George Masish also issued a notice to its operational creditor S.R.V. Techno...
- GoFirst engine lessors to wait further; NCLT says it will study Delhi HC orderNational Company Law Tribunal to decide on engine lessors for Go First after studying Delhi High Court order allowing lessors to repossess ...
- Salasar Techno Engineering completes acquisition of EMC for Rs 178 croreOn the objectives behind the acquisition, STEL said the integration of EMC Ltd will strengthen its market position as a leading engineering...
- NCLT admits insolvency resolution plea against listed infra firm Sadbhav Engineering“The applicant (SS Infra) has proved before us that the outstanding operational debt is more than rupees one crore, which is due to the app...
- Avoid conflicts of interest, attain highest levels of performance: MCA tells insolvency professionalsThe Ministry of Corporate Affairs (MCA) in India has urged insolvency professionals (IPs) to adhere to the highest standards of professiona...
- Bankrupt Punj Lloyd fails to draw biddersAs a result, the liquidator of the insolvent engineering firm will have to approach the shareholders' consultative committee to reduce the ...
- NCLT questions maintainability of insolvency plea filed against SpiceJetPresently SpiceJet is facing other insolvency pleas before the NCLT also, filed by aircraft lessors Aircastle and Wilmington. The NCLT post...
- NCLT to hear Go First lessors' plea, directs IRP to file reply in one weekThe National Company Law Tribunal (NCLT) has asked the interim resolution professional (IRP) of Go First, the Wadia group firm, to respond ...
- Big four auditors eye Go First's resolution professional jobGo First is currently under the administration of an interim resolution professional (IRP) recommended by its former management.
- Termination of aircraft leases would have no consequence, says Go First; lessors question airline's revivalAircraft leasing companies have raised doubts about the revival of Go First, a carrier under the Wadia group, which filed for corporate ins...
- 'Go's First move could give it some control over its fate'The voluntary insolvency will not only give the company a moratorium on loan repayments, it will also allow the company to control the inso...
- NCLT admits insolvency plea against infrastructure firm Valecha EngineeringThe State Bank of India (SBI) had filed an application in the Mumbai bench of the National Company Law Tribunal (NCLT) after the company fa...
- NCLT orders insolvency process at low-cost carrier Air CostaAir Costa is the second Indian airline, after Jet Airways, to undergo court-monitored debt resolution process under the Insolvency and Bank...
- JetLite employees seek dues; plans to move NCLTShekhar Nanavaty, a lawyer representing around 150 employees of JetLite, told reporters that they plan to move the NCLT for inclusion of th...
- NCLT dismisses ICICI Bank's plea to initiate insolvency proceedings against Era InfrastructureThe tribunal held that "on account of duplicacy" of the claims, the petition filed by ICICI Bank "can not be entertained".
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