
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
IDBI Trusteeship has filed an application of "default" against the company before NCLT over alleged default of ₹228 cr
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 will take necessary steps including fixing the record date for allotment and listing of equity shares of Reliance Strategic Investments on stock exchanges.
Go First to submit operational details such as functioning aircraft, employees info, and funding arrangements
The matter pertains to non-payment of dues by SpiceJet to its lessor Aircastle Ireland.
Lessors have sought de-registration of 44 aircraft operated by Go First.
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.
It is the multiplicity of authorities, processes and legal battles that defeat the very objective, while punishment is not even a certainty
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
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.