Sky One, SpiceJet express interest in acquiring troubled Go First amid liquidation concerns
Sky One, an aviation company headquartered in Sharjah, and SpiceJet have shown interest in acquiring the financially troubled airline Go First.
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Sky One, an aviation company headquartered in Sharjah, and SpiceJet have shown interest in acquiring the financially troubled airline Go First.
The Supreme Court has held that for the purpose of Section 240A of Insolvency and Bankruptcy Code, 2016 (“IBC”), the cut-off date to determine the eligibility of a resolution applicant to submit a...
The Supreme Court has held that the Promoter of a Corporate Debtor is eligible to submit a resolution plan in terms of Section 240A of the Insolvency and Bankruptcy Code, 2016 (“IBC”), even if the...
The Resolution Professional (RP) of cash strapped Go First airline has submitted an affidavit in the Delhi High Court stating that 2,278 employees remain on the rolls of the company, out of which none are at present reporting to ...
RP's affidavit is a response to a contempt petition filed by a lessor to the airline alleging that RP was not permitting inspection of their aircraft as well as not maintaining them as per the directions of the court