Coffee Day Enterprises stock tanks 16% after ₹228 cr default allegation
IDBI Trusteeship has filed an application of "default" against the company before NCLT over alleged default of ₹228 cr
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September 2023
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NCLT nod to ZEE-Sony merger; stock zooms 16%
NCLT approval comes many months after deal was announced back in 2021; it will lead to creation of the largest entertainment network in country
RIL shares rise after NCLT approves demerger of financial services unit
RIL will take necessary steps including fixing the record date for allotment and listing of equity shares of Reliance Strategic Investments on stock exchanges.
DGCA to conduct Go First’s audit; asked to submit revival plan
Go First to submit operational details such as functioning aircraft, employees info, and funding arrangements
NCLT to hear insolvency plea against SpiceJet on June 1
The matter pertains to non-payment of dues by SpiceJet to its lessor Aircastle Ireland.
Go First lessors face setback as NCLAT upholds insolvency proceedings
Lessors have sought de-registration of 44 aircraft operated by Go First.
NCLT dismisses insolvency plea by IDBI Bank against ZEE Ent; stock surges
The development comes months after IDBI Bank approached NCLT in December last year seeking an insolvency proceeding against the debt-laden media giant, in order to recover ₹149.60 crore dues.
To ban or not to ban auditors for corporate frauds
It is the multiplicity of authorities, processes and legal battles that defeat the very objective, while punishment is not even a certainty
Go First lessor SMBC challenges NCLT order; seeks stay on moratorium
Lessor's plea to be heard by NCLAT bench today; to seek stay on insolvency proceedings that restrict lessors from taking back aircraft until moratorium is on
Indian aviation: Is more trouble in store after Go First bankruptcy?
One player going bust makes bankers, lessors, vendors and all other stakeholders wary as the Indian aviation space is getting a reputation for frequent airline failures.
