NZ should copy Australia's small business insolvency model – lawyer – RNZ

Chapman Tripp senior associate Janko Marcetic said typically insolvency processes do not distinguish between the size and complexity of the debtor. Photo: 123RF An insolvency lawyer says Australia’s simplified insolvency model for small- and medium-sized businesses should be considered for New Zealand. Australia’s new small business insolvency model came into force in early 2021, and…

NCLAT upholds NCLT order on Go First insolvency process; aircraft to remain with company | Mint – Mint

New Delhi: In a relief for Go First airline, the National Company Law Appellate Tribunal on Monday upheld the National Company Law Tribunal’s order on the Wadia Group-backed airline’s insolvency proceedings, thus keeping the moratorium in place for the airline’s aircraft. In the petition filed by one of the lessors SMBC Aviation Capital, the tribunal…

NCLAT upholds NCLT order allowing Go First's voluntary insolvency proceedings – The Hindu

Uncertainty prevails over Go Firsts resumption of flights as the National Company Law Appellate Tribunal (NCLAT) asked the lessors to approach the adjudicating court to determine the status of moratorium on seizure of aircraft. The NCLAT however upheld Go Firsts voluntary insolvency resolution proceedings. The order dated May 10, 2023 allowing insolvency is upheld, said…

SpiceJet insolvency row: DGCA's early warnings reveal brewing trouble – Times of India

NEW DELHI: As the insolvency issue of SpiceJet heats up, prior red-flagging to the company by the Directorate General of Civil Aviation (DGCA) had pointed out long awaited trouble for the aviation giant.Last year itself the DGCA had warned the airline after noticing various anomalies regarding its service.“Financial assessment carried out by DGCA revealed SpiceJet…