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Tag: lenders

Aviation
NCLAT dismisses plea of JKC; allows sale of planes to Ace Aviation

NCLAT dismisses plea of JKC; allows sale of planes to Ace Aviation

The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea of Jalan Kalrock Consortium (JKC), the successful bidder for Jet Airways, opposing the sale of three aircraft to Ace Aviation. JKC has now moved

Aviation
Lenders of Go First seek investor bids by Jan 31

Lenders of Go First seek investor bids by Jan 31

In the latest developments surrounding struggling airline Go First, sources reveal that the deadline for submitting financial bids for the acquisition of the airline has been set for January 31. Go First had filed for

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Go First may be nearing liquidation; eyes INR 3,000 from asset sale: Report

Go First may be nearing liquidation; eyes INR 3,000 from asset sale: Report

In a critical development, lenders of the embattled domestic carrier Go First, founded by billionaire Nusli Wadia, are reportedly leaning towards approving a proposal to liquidate the airline. Despite facing multiple deadlines to resolve its

Aviation
Go First’s lenders not in favour of releasing more funds to the airline

Go First’s lenders not in favour of releasing more funds to the airline

Lenders to Go First are not in favour of releasing additional funding to the grounded airline, given its legal troubles with lessors and complexities related to changes in the bankruptcy law, two banking sources told

Aviation
Lenders to Go First extend deadline for submitting EoI to September 28

Lenders to Go First extend deadline for submitting EoI to September 28

Lenders of the crisis-hit Go First airline extended deadline for submission of expressions of interest (EoI) to September 28, said a report on Wednesday. Provisional list of prospective resolution applicants will be issued on October

Aviation
GoFirst settles dues of Deutsche Bank

GoFirst settles dues of Deutsche Bank

GoFirst has settled out of court the loans it owes to Deutsche Bank. Consequently, the German bank has told the airline's committee of creditors that it intends to withdraw from the group. Although Deutsche Bank

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