IBBI hints at simultaneous rollout of cross-border and group insolvency frameworks thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The Delhi High Court on Wednesday instructed the Resolution Professional (RP) overseeing the crisis-hit Go First to submit an affidavit in response to a lessor’s plea for contempt action. The lessor has accused the RP of non-compliance with the court order.
Global watchdog group Aviation Working Group (AWG) downgraded India to "negative" from "positive" on Thursday as foreign lessors have not been able to get back their aircraft from Wadia group's grounded airline Go First, .
India Business News: Small, financially weak and startup Indian airlines could now find it costlier to lease aircraft which in turn could mean higher airfares and negati