SpiceJet Ltd has been hit with fresh insolvency claims from three Ireland-based aircraft lessors and a former pilot over defaults on rental and employment dues, just as the financially strained airline prepares to revive operations. Three Irish lessors—NGF Genesis Ltd, NGF Charlie Ltd, and NGF Alpha Ltd—have alleged that SpiceJet defaulted on rental payments, with…
SpiceJet faces fresh insolvency proceedings from three Irish aircraft lessors and a former pilot in NCLT, claiming defaults. The lessors seek initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million. New Delhi, Mar 8 (PTI) SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have…
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To print this article, all you need is to be registered or login on Mondaq.com. 1 Legal framework 1.1 What domestic legislation governs restructuring and insolvency matters in your jurisdiction? Insolvency law in Australia is largely statute based, governed by the Corporations Act 2001 (Cth). The relevant corporate insolvency provisions are prescribed in Chapter…
A husband-and-wife whose furniture company went into liquidation owing customers almost £100,000 have both been banned as company directors. George and Williamina Hay were directors of DWH Trading Ltd, which sold adjustable beds and chairs, mostly to elderly and vulnerable customers, from their home address in Aberdeenshire. The company was struggling financially by April 2023…
Exclusive | Hudson’s Bay, Canada’s Oldest Retail Chain, Nears Bankruptcy The Wall Street Journal Read the original article here
Published on 14 January 2025 Written by Will Beck Key developments in 2024 2024 has seen one of the most significant insolvency cases in recent years. In June, Justice Leech handed down his judgment on the claim brought by the liquidators of BHS against certain of its former directors for wrongful trading and misfeasance. This…
INSOLVENCY NOTICES: Winding Up Petitions – February 2025 Credit Connect Read the original article here