SMBC Aviation Capital challenges NCLT order protecting Go First from recovery by lessors

May 11, 2023

On Wednesday, the NCLT admitted Go First's plea for voluntary insolvency and admitted for the initiation of Corporate Insolvency Resolution Process (CIRP) proceedings. NCLT...

"No adverse ruling against us," says SpiceJet on NCLT notice

May 08, 2023

As the National Company Law Tribunal (NCLT) issued notice to SpiceJet on a plea filed by Irish aircraft lessor Aircastle, the budget carrier...

NCLT declares real estate developer Supertech insolvent

Mar 25, 2022

New Delhi [India], March 25 : The National Company Law Tribunal (NCLT) on Friday ordered insolvency proceedings against real estate developer Supertech Ltd, which...

NCLT allows Centre take over Delhi Gymkhana Club

Apr 01, 2022

New Delhi [India], April 1 : The National Company Law Tribunal (NCLT) on Friday allowed the Central government's plea to take over the affairs...

NCLT admits Go First's plea for insolvency proceedings

May 10, 2023

The NCLT, the President Justice Ramalingam Sudhakar and technical member LN Gupta announced the order, adding, "We appoint Abhilash Lal as IRP (Insolvency Resolution...

NCLT to pronounce order on Go First Airline's bankruptcy plea tomorrow

May 09, 2023

The Budget airline had filed a petition with the National Company Law Tribunal (NCLT), seeking protection under the bankruptcy law.