The National Company Law Tribunal (NCLT) has approved the merger of Air India (AI) and Vistara (UK) marking the final step in the process.
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National Company Law Tribunal Extends Go First’s Corporate Insolvency Resolution Process by 90 Days, extending from November 6 to February 4.
While Jet Airways endeavors to stage a comeback, some of its aircraft sit idle, covered in dust, as they await their uncertain fate. Each day they languish on the ground, their value steadily diminishes.
On Monday (July 31, 2023), the National Company Law Tribunal (NCLT) issued notices to the Committee of Creditors of Go First and the insolvency regulator IBBI regarding a plea to refund ₹ 597.54 crore to approximately 15.5 lakh passengers who had booked tickets for travel on and after May 3.
Dublin-based Wilmington Trust SP Services Ltd, an aircraft lessor, has filed a petition with the National Company Law Tribunal (NCLT) to commence insolvency proceedings against SpiceJet, a low-cost carrier based in India.
SpiceJet was given notice and instructed to list the case for the next hearing on May 17 by a two-member Principal bench of the NCLT led by President Ramalingam Sudhakar.
the NCLT is scheduled to hear two petitions for insolvency proceedings against Go First (G8), which is currently awaiting a ruling on its voluntary insolvency resolution plea.
The eagerly awaited decision regarding Jet Airways ownership and operations has been made by NCLT & it has favored Jalan-Kalrock consortium.
Jet Airways have created a Brand new website with a Home page featuring, “The Joy of Flying is Back”. The airline is all set to restart again.
NCLT has temporarily restrained Mumbai International Airport Ltd (MIAL) from removing Jet Airways’ assets from its premises including its hangar