Category Archives: Liquidation

Companies News Today Live Updates on January 21, 2025: Twist in Go First insolvency: Busy Bee Airways challenges liquidation

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…

No Cookies | Daily Telegraph

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

Go First flies into sunset, NCLT orders liquidation

The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly two years ago amid financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process. The tribunal, in a 15-page order, said it is ordering the liquidation of the corporate debtor…

NCLT ends GoFirst’s turbulent ride, steers Co into liquidation, ET Infra

Mumbai: 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 Rs 8,575 crore. The NCLT division bench of judicial member Mahendra Khandelwal and technical member…

Little hope for meat company creditors

Reading Time: 2 minutes The latest liquidator’s report on a failed Whanganui meat company has done nothing to reassure farmers who are left tens of thousands of dollars out of pocket. Waimarie Meats Limited was put into liquidation last May owing unsecured creditors almost $800,000, and an additional $300,000 to the Inland Revenue Department.  The…

Another Indian Carrier Bites the Dust, Indian National Company Law Tribunal orders liquidation of Go First.

The Indian National Company Law Tribunal (NCLT) has issued an order for the liquidation of the grounded ultra low-cost Indian carrier Go First, marking the final chapter in the airline’s financial turmoil. The decision was made by an NCLT bench comprising Judicial Member Mahendra Khandelwal and Technical Member Dr. Sanjeev Ranjan, who upheld the…

NCLT orders liquidation of Go First

NEW DELHI: NCLT on Monday ordered liquidation of GoAir (Go First), following a request from lenders of the bankrupt airline. The Wadia Group airline had stopped flying in May 2023 when it filed a voluntary plea for insolvency. Attempts to revive it under India’s bankruptcy laws did not materialise and lenders had sought to liquidate…

NCLT orders liquidation of Go First – ThePrint – PTIFeed

New Delhi, Jan 20 (PTI) The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process citing financial woes. The tribunal, in a…

NCLT orders liquidation of Go First; another airline flies into sunset – ThePrint – PTIFeed

New Delhi, Jan 20 (PTI) The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly two years ago amid financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process. The tribunal, in a 15-page order, said it is ordering the…

NCLT orders liquidation of Go First; another airline flies into sunset

New Delhi, Jan 20: The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly two years ago amid financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process. The tribunal, in a 15-page order, said it is ordering the liquidation…