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The Supreme Court has deprecated the practice of NCLAT whereby physical filing of appeals has been made mandatory in addition to e-filing of appeals. While expressing displeasure regarding the said...
The Supreme Court has held that for the purpose of computing limitation for filing of appeal under Section 61(2) of the Insolvency and Bankruptcy Code, 2016, the time taken by Tribunal for providing...
SpiceXpress reports a net profit of Rs 51.4 crore for April-December period of FY23
Get latest articles and stories on Business at LatestLY. Aiming to boost growth in the cargo business, SpiceJet said it has completed the hive-off of its cargo and logistics division 'SpiceXpress' into a separate entity -- SpiceXpress and Logistics Private Limited. It is effective from April 1, Business News | SpiceJet Completes SpiceXpress Hive Off, Says It Will Unlock Value.
SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity -- SpiceXpress and Logistics Pvt Ltd, from April 1. The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said. It also paves the way for SpiceXpress to raise funds independently, SpiceJet said.