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August 10, 2023
It will be in the fitness of things that the CoC and the DGCA adopt a proactive approach; consider wresting the initiative from the RP as lenders have more at stake than other stakeholders with the risk of losing Rs 6,521 crore lent to the beleaguered airline
August 9, 2023
A moratorium (stay) is imposed on all the legal proceedings (pending or future) by virtue of Section 14 of Insolvency and Bankruptcy Code 2016 ( IBC), when Corporate Insolvency Resolution Process (...
August 7, 2023
The court refused the plea, saying the Delhi High Court hearing was at an advanced stage. The move is a blow to the cash-strapped airlines efforts to resume operations
August 7, 2023
The Supreme Court on Monday refused to entertain the appeal filed by the Resolution Professional of Go Airlines India Ltd against the Delhi High Court order which had permitted various lessors to...
August 6, 2023
Go Firsts RP filed an appeal against the Delhi High Court division benchs order on August 2.
August 5, 2023
Neha Desai, wife of art director Nitin Desai, has accused officials from Edelweiss of mentally harassing her husband to take over their studio. Desai owed Edelweiss ₹252 crore and had recorded audio notes claiming he was suffering from depression due to the pressure from Edelweiss. Five officials from Edelweiss, including Rashesh Shah, have been booked for abetment to suicide. However, a corporate lawyer stated that there are legal processes available to deal with loan defaults and that the le...
August 4, 2023
Delhi HC said that scheduled maintenance does not encompass the operation of flights, as it restrained the troubled Go First airline.
August 4, 2023
The hearing of the case is likely to continue on August 7
August 4, 2023
A two-member bench of NCLT directed the resolution professional to file an additional affidavit in next 10 days including status of the maintenance of aircraft.
August 3, 2023
The Delhi High Court on Thursday said that scheduled maintenance does not encompass the operation of flights, as it restrained the troubled Go First airline from continuing with maintenance flights.Justice Tara Vitasta Ganju, who presided over ...