National Company Law Tribunal

NEW DELHI: The government has scrapped the privatisation of state-run helicopter services provider Pawan Hans and disqualified the winning consortium led by Star9 Mobilitydue to several legal cases. In April last year, a government panel…

The ministry of corporate affairs (MCA) has invited applications for 10 members—five judicial and five technical--for the National Company Law Tribunal (NCLT).The move is part of the broader efforts to fill up vacancies at the NCLT fast to…

NEW DELHI: Budget airline Go First has cancelled all its flights till May 28, citing operational reasons. Earlier, the airlines had cancelled flights till May 26.In a note posted on Twitteron Friday, the airline said, "We regret to inform…

Representational image only. | Photo Credit: Special Arrangement. Amid aircraft lessors' concerns in the wake of the Go First crisis, U.S. aircraft maker Boeing on May 12 said it will work with stakeholders to the best of its abilities to…

The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s voluntary plea under the Insolvency and Bankruptcy Code (IBC) and awarded the airline bankruptcy protection. Go First has suspended sale of tickets till May…

A GoFirst aircraft. File | Photo Credit: Reuters The National Company Law Tribunal on May 10 admitted Go First’s plea for insolvency and granted protection under a moratorium from recoveries by lessors and lenders.The court has appointed…

People wait in line on a passenger boarding bridge next to a Go First airline, formerly known as GoAir, passenger aircraft parked at the Chhatrapati Shivaji International Airport in Mumbai, India on May 3, 2023. | Photo Credit: Reuters The…

NEW DELHI: Go First isn't the only airline facing serious survival issues, with its case currently in National Company Law Tribunal (NCLT). An aircraft lessor has filed insolvency resolution proceedings against cash-strapped SpiceJetand…

MUMBAI: Lessors are seeking to take back possession of at least 20 Airbus SE jets operated by Go Airlines India Ltd, further complicating the insolvent carrier’s attempts to start flying again, even as a local bankruptcy court contemplates…

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