NCLAT Rejects Excessive Reliefs Sought By Successful Bidder And Upholds NCLT Order [Read Order]

The National Company Law Appellate Tribunal(NCLAT), Principal Bench, New Delhi, dismissed the appeal filed by a successful bidder seeking additional reliefs and concessions beyond those granted by the National Company Law Tribunal (NCLT), Mumbai Bench, in relation to the acquisition of a corporate debtor under liquidation. The appellant, Shanti International, challenged the order passed by…

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The 3 airlines that have entered insolvency in 2026 so far

Several airlines entered liquidation in 2025, according to the UK Civil Aviation Authority, including: Blue Islands Limited (UK) – November Air Kilroe Limited t/a Eastern Airways (UK) – November Play Airlines (Iceland) – September This turbulence in the airline industry has carried over into 2026, with more airlines shutting down or entering insolvency. The 3…