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Go First lenders put Thane land on the block

Go First lenders put Thane land on the block
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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Jindal Power drops out, Reliance and Adani in bidding race to acquire Lanco

Jindal Power recently quit the race to acquire distressed thermal power company Lanco Amarkantak, leaving Adani and Reliance in the bidding race. ....

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NCLT extends Go First's moratorium period till Feb 4, demands resolution plan within 90 days

The NCLT has asked the embattled airline to submit an action plan within the stipulated period of time. The tribunal said that if the airline fails to complete the resolution process in this 90-day period, it would initiate the liquidation of the company. ....

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Jindal Power to not board Go First flight

Jindal Power to not board Go First flight
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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Rs 2,000 crore loans to Go First are now NPA: Central Bank of India

Central Bank of India classified its loans to Go First as non-performing assets (NPAs) in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24).

The no-frills carrier has been under insolvency proceedings since May 2023 and ceased operating flights on May 3 this year.

The public sector lender s exposure, including government-guaranteed emergency credit to the ailing airline, amounts to about Rs 2,000 crore. ....

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