Who is Murari Lal Jalan, the NRI who is looking to acquire insolvent Jet Airways?
The insolvent airlines company Jet Airways is likely to be acquired by a consortium of NRI Murari Lal Jalan and...
Search Results for: jet airways
SpiceJet CMD Ajay Singh, Busy Bee Airways submit bid for GoFirst
Chairman and Managing Director of SpiceJet Ajay Singh and Busy Bee Airways Private Limited have jointly submitted a bid for...
Know your IP: Ashish Chhawchharia makes the grade with high profile insolvency cases
Ashish Chhawchharia, a chartered accountant by qualification, leads the restructuring practice for Grant Thornton in India. He is an FCA...
IL&FS Group pays off Rs 35,650 crore debt; initiates dividend pay out of Rs 810 crore
IL&FS Group has discharged an aggregate debt of around Rs 35,650 crore by way of monetization of assets, auto debits...
IATA blocks 2-letter designator code for bankrupt Go First
The International Air Transport Association (IATA) has blocked the two-letter designator code "G8" for Go First, a bankrupt Indian airline...
Naresh Goyal booked Rs 1,000 crore personal expenses in Co. name: ED
The Enforcement Directorate, which arrested ex-Chairman of Jet Airways Naresh Goyal on 1 September 2023, has said that Goyal and...
Go First invites EoIs from prospective bidders; 9 Aug last date for filing EoIs
Go First, the Indian airline company, has floated an Expression of Interest (EoI) from potential bidders. The resolution professional, Shailendra...
Go First lessors initiated parallel proceedings despite NCLAT directive to NCLT: IRP in Delhi HC
The Interim Resolution Professional (IRP) for Go First argued on 30 May 2023 that the airline's cash-strapped situation led its...
NCLT admits Go First insolvency application; gets protection against recovery from lessors
The Delhi bench of National Company Law Tribunal (NCLT) on 10 May 2023 admitted the insolvency petition filed by Go...
GoFirst files for insolvency; fate of 5k employees hangs in balance
In a major setback for India's aviation sector, low-cost carrier GoFirst has applied for voluntary corporate insolvency resolution proceedings under...