SpiceJet Denies Insolvency Rumours Despite Receiving Notice From NCLT
SpiceJet has received notice from National Company Law Tribunal, however, the airline is claiming that rumours of insolvency are false, and it is focussing on recovery of its fleet.
May 11, 2023, 20:51 PM IST
Go First Crisis: NCLT Admits Airline's Plea For Insolvency Resolution, CEO Says 'Landmark Judgement'
Go First Insolvency: According to the order by NCLT, IRP has been asked to take necessary steps including execution of the arbitral awards, keep it as a going concern and run its services smoothly.
May 10, 2023, 12:48 PM IST
Go First In Trouble: Airline Cancels All Flights Till May 5 Amid Severe Cash Crunch; Files Bankruptcy
Amid cash crunch, Go First, a Wadia-group owned airline has submitted a detailed report to aviation regulator Directorate General of Civil Aviation (DGCA).
May 02, 2023, 16:34 PM IST
Cumulative recovery rate under insolvency resolution falls to 30.18 pc in September qtr: Report
The overall recovery rate implies a haircut of around 70 per cent for the lenders. The Insolvency and Bankruptcy Board of India (IBBI) is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), which provides for market-linked and time-bound resolution of stressed assets.
Nov 27, 2022, 16:21 PM IST
Jet Airways insolvency resolution professional seeks fresh EoI for defunct airline
This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year.
May 13, 2020, 15:05 PM IST
NCLAT allows promoters to regain control of firms at liquidation stage
In the liquidation case pertaining to Sterling Biotech, the NCLAT has set aside a bankruptcy court order to liquidate a debt-ridden company while allowing its promoters to take back control of the firm after making full payment to the lenders.
Sep 04, 2019, 15:26 PM IST
Jaypee Infratech creditors meet to take stock of insolvency process
In the voting process that concluded on June 10, majority of banks voted against NBCC's bid to acquire the debt-laden firm. Most homebuyers voted in favour of the NBCC bid.
Jun 21, 2019, 10:46 AM IST
Good outcome from creditors-company negotiations better than insolvency, says govt official on Jet
He was responding to a query on whether Jet Airways is a fit case to be referred under the Insolvency and Bankruptcy Code (IBC).
Mar 25, 2019, 14:42 PM IST
Centre studying other countries' systems for new individual insolvency framework
The Centre is inclined towards the UK system with some modifications, sources have said.
Jun 21, 2018, 17:43 PM IST
RCom plea against insolvency to be heard by NCLAT on Tuesday
The plea of Anil Ambani-run RCom was mentioned today before the bench of the National Company Law Appellate Tribunal (NCLAT), seeking an urgent hearing on the issue.
May 28, 2018, 16:27 PM IST
RCom moves NCLAT challenging order allowing plea for its insolvency
Anil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week.
May 22, 2018, 17:06 PM IST
IBBI invites comments from public on regulations notified under Insolvency and Bankruptcy Code
The IBBI has evolved a transparent and consultative process to make regulations.
May 02, 2018, 00:30 AM IST
NCLT orders commencement of insolvency proceedings against Jaypee Infratech
National Company Law Tribunal has admitted insolvency petition of IDBI Bank against Jaypee Infratech. This decision of tribunal might give stress to around 32000 buyers. Watch to know more.
Aug 11, 2017, 16:04 PM IST
Bankruptcy Code positive financial sector reform: Nomura
The insolvency and bankruptcy code is a very positive financial sector reform, especially for the the banking sector, as it will give creditors a legal path for recovering their dues in a time-bound manner, says a Nomura report.
May 08, 2016, 12:17 PM IST
Insolvency Code to make start, exit easy for startups: Nirmala
Insolvency and Bankruptcy Code will make it easy for a budding entrepreneur to start or exit from the startup business, Commerce and Industry Minister Nirmala Sitharaman said on Thursday.
Mar 17, 2016, 16:26 PM IST
