Searched for
VOLUNTARY INSOLVENCY
Faster insolvency process proposed with creditor-led resolution frameworkA new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...- Cos can look at voluntary insolvency process to increase productivity, maximise value: IBBI chiefIBBI Chief Ravi Mital highlights the need for companies in India to utilize the insolvency law more effectively, encouraging voluntary inso...
- NCLT admits Yashraj Containeurs’ voluntary insolvency resolution applicationYashraj Containeurs Ltd has been admitted for voluntary corporate insolvency resolution. Manish Motilal Jaju is appointed as the interim re...
- Voluntary insolvency sees faster resolution, but lower recoveryThe average time taken to resolve a stressed company under the Insolvency and Bankruptcy Code (IBC) was 632 days as of June 2023, way above...
- Settlement talks between Go First and Delhivery, NCLT issues noticeThe settlement talks between Delhivery and Go First have failed, the counsels for both parties informed the National Company Law Tribunal o...
- EY's Shailendra Ajmera gets NCLT nod to be Go First's RPAjmera will replace an interim resolution professional (IRP) who was till now in charge of the affairs of the Wadia group-promoted airline ...
- NCLT accepts Delhivery notice citing Go First's insolvency as 'fraudulent'In its plea, Delhivery had alleged Go First's insolvency process as a sham and said the airline took payments of Rs 57 lakh from Delhivery ...
- DGCA to conduct audit of airline's preparedness before flight resumption: Go First tells staffAviation regulator DGCA will conduct an audit of Go First's preparedness before approving the resumption of flights, the crisis-hit airline...
- 'Go First working on plan to resume flights at the earliest'The carrier is undergoing insolvency resolution proceedings following admission of its voluntary plea by the National Company Law Tribunal ...
- National Company Law Appellate Tribunal to hear Go First lessors' plea todayNCLAT on Friday deferred the matter pertaining to Go First lessors' petition seeking a stay on a bankruptcy court order allowing voluntary ...
- NCLT admits Go First's voluntary insolvency applicationWadia group-owned Go First on May 2 said it has filed for insolvency resolution and can no longer continue to meet financial obligations, b...
- Go First CEO says NCLT order is landmark, historicGo First CEO Kaushik Khona described the NCLT's decision to admit the airline's plea for voluntary insolvency resolution proceedings as a "...
- Aircraft lessors approach DGCA to deregister 45 Go First Airways planesAircraft lessors on Tuesday approached aviation regulator DGCA to deregister 45 Go First Airways planes. The airlines have a total strength...
- Insolvency petition a ruse for loan write-offs? Major bank union to oppose Go Airlines' write-offsThe All India Bank Employees' Association (AIBEA) will oppose banks writing off a part of their loans to Wadia group's Go Airlines (India) ...
- '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...
- 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 ...
- Go First: Scindia says 'prudent to wait for judicial process to run its course'India's Go First has cancelled flights for May 3 and 4 due to supply chain issues with its engines. The country's civil aviation minister s...
- Think global, act local – Budget introduces cross-border insolvency and accelerates voluntary liquidationThe theme for reforms in insolvency code is that of glocalization. Adoption of cross-border insolvency framework based on UNCITRAL model la...
- IL&FS says Spanish arm to undergo voluntary insolvency proceedingsIL&FS arm IL&FS Transportation Networks (ITNL) had acquired Elsamex SA of Spain, a road maintenance, operation and management company.
- Window closes today for submitting comments on Voluntary Liquidation regulationsThe Ministry of Corporate Affairs had set-up four working groups of experts and practitioners to facilitate implementation of the Insolvenc...
Load More
