Who Is Naveen Jindal? The Only Billionaire Interested In Buying Bankrupt Go First Airline – Indiatimes.com

It’s been nearly five months since Wadia Group’s Go First airline went bankrupt. Amid the efforts to revive the airline, a billionaire has stepped forward as the only bidder for the bankrupt airline.  metrorailnews That billionaire is 53-year-old Indian industrialist Naveen Jindal, who is the promoter of Jindal Power. He is understood to have put in an expression of interest…

Insolvency plea against textile company Shrivallabh Pittie admitted … – Apparel Resources

The National Company Law Tribunal (NCLT) has admitted Indian Overseas Banks petition seeking initiation of a corporate insolvency resolution process against textile manufacturer Shrivallabh Pittie South West Industries. The tribunal appointed Avil Menzes as the interim resolution professional to take over the day-to-day affairs of the company. Indian Overseas Bank, one of the financial creditors,…

Naveen Jindal looks to pilot Go First out of insolvency, company submits EoI – The Economic Times

Naveen Jindal, the promoter of Jindal Steel and Power, is understood to have put in an expression of interest (EoI) to buy insolvent airline Go First, multiple highly placed sources close to the development told ET. The Wadia family-owned Go First is India’s first commercial carrier to have voluntarily sought bankruptcy protection.The EoI has been…

Accounting bodies oppose increase to bankruptcy threshold – AccountantsDaily

CPA Australia and CA ANZ have both opposed an increase in the default bankruptcy threshold from $10,000 to $20,000 in responses to the Attorney-Generals personal insolvency discussion paper. In its submission CPA Australia said the proposal would fail to alleviate cost-of-living pressures. For many, mortgage stress is their leading financial concern. The amount of such…