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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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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

Aviation
Go First resolution professional seeks NCLT permission to issue ticket refund

Go First resolution professional seeks NCLT permission to issue ticket refund

Go First has approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3, the day when the airline suspended

Aviation
NCLT allows Go First to use leased aircraft

NCLT allows Go First to use leased aircraft

The National Company Law Tribunal (NCLT) yesterday refused to restrain the resolution professional of Go First from using the aircraft leased to it by six leasing companies. A bench of judicial member Mahendra Khandelwal and

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