Resolution Professional

Delhi HC Orders Deregistration Of Go First Aircraft, Airline Might Loose All 54 Planes

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Last Updated: April 26, 2024, 18:11 IST The fate of Go First hangs in the balance as stakeholders navigate complex legal and financial considerations. The Airports Authority of India (AAI) has been tasked with liaising with the lessors regarding the export of aircraft and ensuring compliance with airworthiness standards, as per the High Court’s directives. … Read more

Birla Tyres Insolvency Case: NCLAT dismisses Kesoram’s appeal in Birla Tyres insolvency case

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The National Company Law Appellate Tribunal (NCLAT) on Friday dismissed Kesoram Industries’ appeal against the National Company Law Tribunal’s Kolkata ruling that had rejected its claim of being a financial creditor of Birla Tyres Ltd. The appellate tribunal held that Kesoram had failed to prove that the transaction was a deposit of money or a … Read more