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Tag: NCLT

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Delhi HC orders SpiceJet to pay USD4 million to engine lessors by Feb 15

Delhi HC orders SpiceJet to pay USD4 million to engine lessors by Feb 15

The Delhi High Court directed SpiceJet to pay USD 4 million to engine lessors Team France 01 SA and Sunbird France 02 SAS by February 15. SpiceJet, seeking more time, offered an initial $1 million.

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
Creditors to vote on merger proposal of Air India, Vistara tomorrow

Creditors to vote on merger proposal of Air India, Vistara tomorrow

Tata-owned Air India and Vistara have asked for permission from their creditors to merge the two airlines. On Thursday, The Economic Times (ET) reported that creditors will vote on the proposal on September 23. Sources

Aviation
NCLT issues notice to Go First’s creditors, IBBI over ticket refunds

NCLT issues notice to Go First’s creditors, IBBI over ticket refunds

The National Company Law Tribunal (NCLT) on Monday issued notices to the Committee of Creditors of Go First and insolvency regulator IBBI over a plea to refund INR 597.54 crore to around 15.5 lakh passengers

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

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