Resolution of most of the stressed assets under the insolvency law missed their timelines amid a…
Tag: insolvency
Future Retail Set For Liquidation As Lenders Fail To Secure Buyer
Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidation…
NCLAT States IBC Not A ‘Recovery Mechanism’, Rejects Insolvency Plea Against United Telecoms
The Insolvency & Bankruptcy Code is “not a recovery mechanism”, observed the National Company Law Appellate…
NCLT Orders To Start Insolvency Proceedings Against Realty Firm Imperia Structures
The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Delhi NCR-based realty…
Creditor Files Insolvency Plea Against Coffee Day Global With NCLT: Report
A plea has been entered against Café Coffee Day’s operating company, Coffee Day Global Ltd (CDGL),…
Go First to resume scheduled flight operations after getting approval from DGCA, with certain conditions
Image Source : PTI Go First had cancelled all flights since May 3 due to operational…
SpiceJet Denies Insolvency Rumours Despite Receiving Notice From NCLT
Days after the National Company Law Tribunal (NCLT) issued a notice to Indian low-cost airline SpiceJet…
Go First Bankruptcy: DGCA Issues Show Cause Notice As Airline Cancels Flights Till May 5
The Directorate General of Civil Aviation (DGCA) has issued a show cause notice to Go First…