Tinubu Grants 30% Airline Debt Relief, Orders Urgent Review Of Fuel And Aviation Charges – Arise News

Bola Tinubu has intervened in Nigeria’s deepening aviation crisis, approving a 30 percent debt relief for airline operators and directing urgent negotiations on soaring jet fuel prices and aviation charges. The intervention followed an emergency meeting in Abuja involving the Minister of Aviation and Aerospace Development, Festus Keyamo, airline operators, and regulatory agencies over the…

IBC Appeal Against AG Pipes Rejected: NCLAT Finds Proprietorship Debts Separate, Company Liability Below ₹1 Crore [Read Order]

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) has upheld the NCLT’s decision dismissing the insolvency plea against A.G. Pipes Pvt. Ltd., holding that the claimed operational debt did not meet the ₹1 crore threshold under the Insolvencyand Bankruptcy Code (IBC). The appellant, Bhushan Power & Steel Limited, had approached the tribunal…

Tinubu Grants 30% Debt Relief to Domestic Airlines

President Bola Tinubu has approved a 30 percent reduction in debts owed by domestic airlines to federal aviation agencies, in a move aimed at easing mounting financial pressure on operators grappling with soaring fuel costs. According to Reuters, the Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the approval…… President Bola Tinubu has approved…