SpiceJet chief Ajay Singh, along with Busy Bee Airways and Sky One, has submitted bids for the bankrupt Go First airline, which ceased operations over nine months ago....
SpiceJet chief Ajay Singh, along with Busy Bee Airways and Sky One, has submitted bids for the bankrupt Go First, which ceased operations over nine months ago. This development comes as SpiceJet faces its own challenges, including fundraising and cost-cutting measures....
The Insolvency and Bankruptcy Board of India (IBBI) has introduced amendments that shield homebuyers in case of promoter insolvency and liquidation. The latest tweak to the rules ensures that properties of homebuyers will be kept out of the liquidation process, providing ...
Future Retail Ltd (FRL) resolution professional has filed for liquidation, marking a sad end for the company that once led India's retail revolution. In an exchange filing on Friday, the company said, "the Resolution Professional ("RP") has filed an application, before ...
In the wake of WeWork's global Chapter 11 bankruptcy filing, Karan Virwani, the CEO of WeWork India, remains resolutely optimistic about the future of the co-working space giant. Despite the challenges faced by WeWork on a global scale, Virwani asserts that ...
WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world. The company offered few specifics ...
WeWork Inc., a startup with a valuation of $47 billion, is on the brink of filing for bankruptcy as early as next week, according to reports from the Wall Street Journal. The co-working giant's dramatic rise and fall have been marked ...
The Supreme Court of India On Monday rejected Go First's Resolution Professional's appeal against the Delhi High Court's decision allowing the airline's lessors to inspect the aircraft. The supreme court ruled that it is currently unable to intervene because the cases ...
Debt-ridden, Wadia group air carrier Go First argued before the National Company Law Appellate Tribunal (NCLAT) on Friday that, the termination of leases for aircraft by the lessors would not have any impact. This is because the moratorium has been imposed ...
The low-cost airline arm of IndiGo Air's Go First announced a suspension of all its flights from May 3-5, as it needs to solve its financial crisis. The company on its own also filed for insolvency resolution proceedings in the National ...
The Directorate General of Civil Aviation (DGCA) has issued an order to Go First to process refunds to passengers after examining the response it got from the airlines. On May 2, after canceling all its flights for May 3-5 ...