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Voluntary liquidation is becoming a preferred choice for promoters to close unviable businesses and avoid losses and compliance costs. Most companies opt for liquidation due to inactive operations (69%) or commercial inviability (17%). This trend reflects pragmatic corporate decision-making and regulatory compliance evolution, despite some promoters exploiting it to evade creditors.
Move, in line with a Delhi Court directive, opens the door for lessors to take them back
The Delhi High Court on Friday passed a slew of directions to de-register 54 aircrafts of various lessors on lease with the crisis-hit airline Go First.While disposing of a batch of pleas moved by the...
After Go First exhausted the maximum limit of 330 days on April 4, it approached the Tribunal for an extension under exceptional circumstances.
A flight in Indonesia veered off course when both pilots fell asleep. While this would never be allowed, some countries do allow for cockpit naps.