Ray of Hope for SpiceJet as Aircastle Drops Insolvency Case After $5.6 Million Settlement – Outlook Business
Ray of Hope for SpiceJet as Aircastle Drops Insolvency Case After $5.6 Million Settlement Outlook Business Read the original article here
License revoked – josimarfootball.com
Declared bankrupt by a court in Curaçao, Leicester City FC sponsor BC.GAME is about to lose its licence. Josimar has discovered that the operator is running one the largest illegal betting networks in continental Europe. By Philippe Auclair and Steve Menary According to a document seen by Josimar, the Curaçao Gaming Control Board (GCB) is…
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Did not believe in mediation as a lawyer; experience as judge changed me: Justice Surya Kant
Delhi High Court Chief Justice Manmohan noted that a growing economy cannot afford to have too many stressed assets and a quick resolution of a disputes is essential. However, in a commercial dispute, stakeholders have various interests and a resolution mechanism must ensure that such competing interests are balanced. “We all know National Company Law Tribunals…
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SpiceJet share price rises after Aircastle drops insolvency case
Low-cost airline SpiceJet’s shares rose in early trade on Thursday after aircraft lessor Aircastle withdrew its insolvency case against the airline. This development followed a mutually agreed settlement between the two parties. SpiceJet announced the news in a press release, marking a step forward in its efforts to strengthen relationships with its partners. Following the…
Aircastle withdraws insolvency case against SpiceJet
Aircraft lessor Aircastle (Ireland) Designated Activity Company has withdrawn its insolvency case against SpiceJet before the National Company Law Tribunal (NCLT). This follows a mutually agreed-upon settlement, marking a positive turn in the airline’s efforts to rebuild and strengthen ties with its partners. Last month, SpiceJet announced the resolution of a $23.39 million dispute with…
Aircastle withdraws insolvency case against SpiceJet following mutually agreed-upon settlement – Industry News
SpiceJet on Thursday announced that aircraft lessor Aircastle (Ireland) Designated Activity Company has withdrawn its insolvency case against the airline before the National Company Law Tribunal (NCLT), after reaching a $5.6 million settlement. This comes as a major relief for SpiceJet. The development follows a mutually agreed-upon settlement, marking a positive turn in the airline’s…
Only Assets Are Transferred In Going Concern Sale Of Corporate Debtor Under Liquidation, Liabilities Must Be Settled U/S 53 Of IBC: NCLT Mumbai
The NCLT Mumbai bench of Ms. Reeta Kohli (Judicial Member) and Ms. Madhu Sinha (Technical Member) has held that in a sale of the corporate debtor in liquidation as a going concern, only assets are transferred and liabilities have to be discharged as per section 53 of the Code. Brief Facts The Present Application is…
Aircastle Withdraws Insolvency Case Against SpiceJet Following Amicable Settlement
Last Updated:November 28, 2024, 10:15 IST As part of the settlement, all ongoing litigations and disputes between Spicejet and Aircastle (Ireland) Designated Activity Company have been withdrawn from the appropriate forums. Last month, SpiceJet announced the resolution of a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd.…