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Sky One, SpiceJet express interest in acquiring troubled Go First amid liquidation concerns - Vimarsana News

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.

IBC | Cut-Off Date To Determine Resolution Applicant's Eligibility Under S.240A Is Date Of Submitting Resolution Plan : Supreme Court - Vimarsana News

IBC | Cut-Off Date To Determine Resolution Applicant's Eligibility Under S.240A Is Date Of Submitting Resolution Plan : Supreme Court

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...

Source: livelaw.in
Sec 240A IBC | Even If MSME Registration Obtained Post Commencement Of CIRP, Promoter Eligible To Submit Resolution Plan: Supreme Court - Vimarsana News

Sec 240A IBC | Even If MSME Registration Obtained Post Commencement Of CIRP, Promoter Eligible To Submit Resolution Plan: Supreme Court

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...

Source: livelaw.in
2,278 employees on rolls, none reporting to work: Go First in Delhi HC - Vimarsana News

2,278 employees on rolls, none reporting to work: Go First in Delhi HC

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 ...

Go First: None of the 2278 employees on rolls are reporting for work, RP tells Delhi HC - Vimarsana News

Go First: None of the 2278 employees on rolls are reporting for work, RP tells Delhi HC

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