NCLAT upholds Go First liquidation but leaves open narrow window for revival – Bar and Bench
NCLAT upholds Go First liquidation but leaves open narrow window for revival Bar and Bench Read the original article here
Anil Ambani’s Reliance Communications has a debt of nearly ₹74,000cr
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…
Liquidated 40-year-old kitchen business assets now up for grabs
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…
NCLAT Clears Path for Go First Liquidation, Rejects EaseMyTrip Co-founder’s Plea
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…
EaseMyTrip’s Nishant Pitti cleared to submit asset buyout scheme for Go First amid liquidation
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
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
Major auto parts brand moves Chapter 11 bankruptcy to liquidation MSN Read the original article here
NCLAT rejects Busy Bee’s plea against Go First liquidation
The National Company Law Appellate Tribunal (NCLAT) on Friday rejected a plea by Busy Bee Airways, backed by EaseMyTrip co-founder Nishant Pitti, challenging the liquidation of bankrupt airline Go First. A bench led by NCLAT chairperson Justice Ashok Bhushan upheld the National Company Law Tribunal’s (NCLT) 20 January order, which allowed Go First’s creditors to…
News – NCLAT Dismisses Appeals Against Go First Liquidation Order – The Law Advice
News – NCLAT Dismisses Appeals Against Go First Liquidation Order The Law Advice Read the original article here
Tyre group in liquidation after failing to pay employee – The Courier Mail
Tyre group in liquidation after failing to pay employee The Courier Mail Read the original article here