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Tag: insolvency proceedings

Aviation
NCLT dismisses Wilmington Trust’s insolvency plea against SpiceJet

NCLT dismisses Wilmington Trust’s insolvency plea against SpiceJet

The National Company Law Tribunal (NCLT) has dismissed an insolvency plea filed by Wilmington Trust SP Services against the low-cost carrier. "...lacks merit, is not maintainable and therefore stands dismissed," the bench of NCLT, which

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Air India, Vistara, SpiceJet & IndiGo chiefs meet Scindia

Air India, Vistara, SpiceJet & IndiGo chiefs meet Scindia

Chiefs of Air India, Vistara, and SpiceJet on yesterday 7 held a meeting with Civil Aviation Minister Jyotiraditya Scindia in the national capital. In a social media post, the Office of the Minister said representatives

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Aviation Working Group downgrades India due to Go First crisis

Aviation Working Group downgrades India due to Go First crisis

Aviation Working Group (AWG) has further downgraded India as lessors have not been able to repossess their planes from Go First more than four months after the airline filed for insolvency. The leasing cost stands

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