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LEASE RENTAL ARREARS
Mumbai Port Authority to recover Rs 3,500 cr rental arrears from defaultersMumbai Port Authority plans to recover Rs 3,500 crore in lease rental arrears. Criminal proceedings will be initiated against unauthorized ...- Landlord entitled to higher rent if tenant overstays even after seeking more time to vacate property in this situationDelhi High Court ruled that tenants overstaying their lease must pay increased rent as per the agreement, even if they temporarily requeste...
- SC halts Rs 317 cr tax demand against Antrix CorporationThe Supreme Court has put a hold on the Karnataka tax department's demand of over Rs 317 crore in VAT arrears from Antrix Corporation, ISRO...
- Delhi HC escalates action against DSGMC on unpaid duesThe Delhi High Court is intervening in the matter of unpaid dues for teachers at Guru Harkrishan Public Schools. The court has restricted p...
- Spicejet shares rally over 5% on conversion plans of Carlyle’s debt to equitySpiceJet shares rose 5.5% after announcing a plan to convert Carlyle Aviation Management's $137.68 million debt into equity, adjusted to $9...
- SpiceJet plans to raise Rs 2,000 crore by August, increase capacity: SinghSpiceJet aims to raise Rs 2,000 crore by August for capacity expansion via aircraft leasing, with plans for another round of fundraising af...
- NCLT notice to SpiceJet on 3 insolvency pleas filed by lessors for arrears worth Rs 77 croreNCLT issued notice to SpiceJet over insolvency petitions by lessors AWAS 36698, AWAS 36694, AWAS 36695 for ₹77 crore arrears. Legal argumen...
- SpiceJet settles Rs 755 crore liabilities of lessorSpiceJet announced a settlement with Export Development Canada (EDC) worth Rs 755 crore, resulting in savings of Rs 567 crore. The agreemen...
- Enemy property scam: CBI registers 4 FIRs, conducts searchesCBI has booked Samandar Singh Rana, the then officiating Custodian of Enemy Property of India (CEPI) at Delhi; Utpal Chakraborty, Assistant...
- Amazon to continue arbitration against Future Group in SingaporeThe Singapore International Arbitration Centre (SIAC) is expected to resume hearing the Amazon-Future Group dispute in the first or second ...
- The price of bringing JRD Tata’s beloved Maharaja back homeIf Air India returns to the Tata Group fold – sources have hinted bids could be opened soon– it will be a historic, and emotional, moment f...
- With 15 more grounded, Jet Airways has just 20 planes in operations nowJet Airways has grounded 15 more aircraft due to non-payment of rentals to lessors.
- Etihad, NIIF to refuel Jet with Rs 3.8k crore; Naresh Goyal to be deboardedLenders to convert part loans into equity and Jet’s 51% in Jet Privilege to be pledged with them to raise funds.
- Jet Airways defers Boeing 737 Max deliveries on payment issuesThe airline has also considerable overdues to the Mumbai airport, its base in India, said a third person in the know.
- 70 Jet engineers report ‘sick’ after colleague asked to resignThe airline management withdrew its decision after the protest by engineers.
- 2 years after her death, why Jayalalithaa’s bank accounts are still under I-T scannerThe tax arrears and liability arising out of the income from these assets are increasing since her death on December 5, 2016, as no one has...
- Facing a big hit, property owners may move court against retrospective tax in MumbaiThe new capital value-based property tax system that comes into effect from April 2010 will impact more than two lakh properties in the cit...
- Kingfisher lessor US-based ILFC takes back 4 planes; tax department confiscates oneAccording to the sources, Kingfisher has six Airbus planes leased from ILFC in its fleet of 42 aircraft.
- SC restrains UP govt from taking steps against Tata TeleThe Supreme Court has restrained the UP govt from taking steps against Tata Teleservices in recovering more than Rs 16.67 lakh on account o...
- Air India mulling a slew of cost-cutting measuresA few measures have already been adopted following the merger of Air India and Indian Airlines into Indian and the formation of the company...
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