Company liquidations hit 10 year high
Company liquidations hit 10 year high …
NCLT ends Go First’s turbulent ride, steers co into liquidation
The bankruptcy court in Delhi on Monday admitted Go Airlines (India) Ltd, which runs Go First airline, into liquidation after the lenders failed to receive a viable revival plan for the company. The company has admitted liabilities of about ₹8,575 crore.The NCLT division bench of judicial member Mahendra Khandelwal and technical member Sanjeev Ranjan, allowed…
Second Clan Construction director declared bankrupt
The second director of collapsed Dunedin building firm Clan Construction has been adjudicated bankrupt. The company, owned by Brett McCormack and Michelle Macmillan, went into liquidation in March 2023 owing more than $2 million. Mr McCormack, a former Otago rugby player, was adjudicated bankrupt in December that year. In their latest report last month, liquidators…
Companies News Today Live Updates on January 20, 2025: NCLT orders liquidation of Go First, ending 20-month insolvency saga
Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business…
Canoo is insolvent and ceases operations – www.electrive.com
Canoo is insolvent and ceases operations www.electrive.com Read the original article here
Bankrupt former London private hire vehicle driver who claimed £50,000 Bounce Back Loan hit with 11 years of sanctions – TaxiPoint Taxi News
Bankrupt former London private hire vehicle driver who claimed £50,000 Bounce Back Loan hit with 11 years of sanctions TaxiPoint Taxi News Read the original article here
After Deregistration Of Go First’s Fleet, The Airline’s Liquidation Ordered By National Company Law Tribunal
The National Company Law Tribunal (NCLT) on Monday (20 January) ordered the liquidation of budget airline Go First Airways. The decision followed an application filed by the airline’s Committee of Creditors (CoC), marking the end of a protracted insolvency process. A bench comprising Judicial Member Mahendra Khandelwal and Technical Member Dr Sanjeev Ranjan delivered the…
NCLT orders liquidation of Go First as debts reach ₹11,000 crore and 28 aircraft repossessed
The National Company Law Tribunal (NCLT), on Monday, approved the liquidation of Go First, the grounded budget airline. The decision was delivered by a bench comprising Judicial Member Mahendra Khandelwal and Technical Member Dr Sanjeev Ranjan, who ruled in favour of the application submitted by the airline’s Committee of Creditors (CoC). Company Value Change %Change…
NCLT orders the liquidation of Go First
The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, concluding the 21-month-long insolvency proceedings against the budget airline. The bankrupt airline landed in the bankruptcy court in May 2023. The airline held a 6.9% market share in India’s aviation sector at the time but was left with no viable assets…
Go First: NCLT Orders Liquidation
The National Company Law Tribunal on Monday ordered the liquidation of low-cost carrier Go First. The order was pronounced by the Delhi bench of the NCLT, comprising judicial member Mahendra Khandelwal and technical member Sanjeev Ranjan. On May 10, 2023, the NCLT admitted Go First’s plea to initiate voluntary insolvency resolution proceedings, following the airline’s…