The interplay between the Cape Town Convention and insolvency law when a private airline company undergoes liquidation in India

Krrishan Singhania K Singhania & Co, Mumbai [email protected] Avni Singhania K Singhania & Co, Mumbai [email protected] K. Anjana Devi K Singhania & Co, Mumbai [email protected] Aayush Shah K Singhania & Co, Mumbai [email protected] Overview of the aviation insolvency proceedings before Indian courts In India, the Insolvency and Bankruptcy Code (IBC) was introduced to safeguard stakeholders’…

Bonza’s directors accused of trading while insolvent, creditors may walk away with nothing

In short: Administrators for collapsed airline Bonza say the company likely traded while insolvent. The company’s directors are likely to be referred to the corporate regulator for investigation. What’s next? Creditors, including 323 staff and 71,399 customers, could walk away with nothing. Administrators for collapsed airline Bonza say the company likely traded while insolvent, with…