TBM Staff - Mumbai First has been served a ‘show cause’ notice by the Director-General of Civil Aviation after it cancelled flights for three days, and filed for voluntary insolvency before the National Company Law Tribunal.
Union Aviation Minister Jyotiraditya Scindia said the government ‘has been assisting the airline in every possible manner’ and has spoken to stakeholders.
“… unfortunate that this operational bottleneck has dealt a blow to the airline’s financial position. It has come to our knowledge that the airline has applied to the NCLT. It is prudent to wait for the judicial process to run its course,” he said.
