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
May 2023
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.
Go First cancels flights till May 19
The airline had earlier suspended the sale of flight tickets till May 15.
NCLT admits Go First insolvency plea, moratorium kicks in
Go First had filed for insolvency with Delhi bench of NCLT citing operational losses caused due to ever-increasing failure of Pratt & Whitney engines that power its fleet.
Spicejet gets NCLT notice on Aircastle’s plea
In the Aircastle issue, notice was issued in the normal course, and there was no adverse ruling against SpiceJet, said the budget airline
