Air Antilles : une liquidation judiciaire comme épitaphe

The venture was short-lived. After being taken over by the Territorial Collectivity of Saint Martin and the company Edeis in October 2023, Air Antilles was placed in receivership on Monday, April 27, by the Mixed Commercial Court of Pointe-à-Pitre. The court rejected the takeover bids submitted since the company was placed in receivership on February…

Planned flights cancelled as UK airline in liquidation

The Edinburgh-based company ceased operations following the voluntary liquidation. The formal appointment of Opus Restructuring to EcoJet follows the allocation of interim liquidators earlier this year.  The company planned flights from Edinburgh to Southampton with mainland Europe and longer flights also proposed, but the schedule was not launched. It comes amid separate pressures for the…

Gujarat HC Bars GIDC from Ending Gujarat Hydrocarbons and Power SEZ Lease During IBC Moratorium

In a significant ruling strengthening the Insolvency and Bankruptcy Code’s moratorium shield, the Gujarat High Court has held that Gujarat Industrial Development Corporation (GIDC) could not terminate a 99‑year lease or evict Gujarat Hydrocarbons and Power SEZ Limited during the corporate insolvency resolution process, dismissing GIDC’s Letters Patent Appeal against a Single Judge order that…

Corporate Veil Can Be Lifted if Associated Companies Are Inextricably Connected: SC Restores Resolution Plans for Stalled Projects

The Supreme Court of India has set aside a judgment of the National Company Law Appellate Tribunal (NCLAT) and restored the resolution plans for stalled real estate projects of Earth Infrastructures Limited (EIL). In a significant ruling, the Court applied the doctrine of “piercing the corporate veil” to hold that the assets of subsidiary companies…