The insolvency appellate tribunal NCLAT on Friday dismissed a batch of petitions filed against the liquidation of grounded carrier Go First. A three-member NCLAT bench led by Chairperson Justice Ashok Bhushan upheld the earlier order passed by the Delhi bench of the National Company Law Tribunal (NCLT), which had, on January 20, ordered for the…
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Jeanswest collapses – all stores to be closed Inside Retail Australia Read the original article here
NCLAT upholds Go First liquidation but leaves open narrow window for revival Bar and Bench Read the original article here
Anil Ambani-led telecom giant Reliance Communications has revealed its total financial indebtedness of ₹40,413 crore as of March 31, 2025. The amount includes short-term and long-term debts. However, it doesn’t include accrued interest on loans from banks and financial institutions of ₹30,116 crore or interest on Non-Convertible Debentures (NCDs) of ₹3,361 crore. All combined, the…
A family-run business in the Midlands, Thomas Kitchens, is now in the process of liquidation after more than four decades of operation. The Kitchen renovator, based in Nuneaton, has faced a struggling market and is now selling its assets through an online auction. Kumar and Company has been appointed by insolvency practitioners Poppleton & Appleby…
The move came after Nishant Pitti-backed airways showed interest in acquiring the airline, citing reasons like Go First’s valuable intangible assets, including its Directorate General of Civil Aviation (DGCA) license. Busy Bee had initially shown interest in acquiring Go First and had moved a bid worth Rs 1,600 crore for the same. But later, as…
Even as the National Company Law Appellate Tribunal (NCLAT) on Friday upheld the liquidation order for Go First Airways, it has paved the way for a potential revival—at least in part—by allowing EaseMyTrip co-founder Nishant Pitti’s company to propose an asset buyout scheme. The appellate tribunal dismissed a batch of appeals, including one filed by…
Assets of family-run kitchen business to be sold amid liquidation Insider Media Ltd Read the original article here
Major auto parts brand moves Chapter 11 bankruptcy to liquidation MSN Read the original article here