DGCA to conduct audit of Go First's preparedness before allowing flight resumption

1 year, 10 months ago

DGCA to conduct audit of Go First's preparedness before allowing flight resumption

Aviation regulator DGCA will conduct an audit of Go First's preparedness before approving resumption of flights by the crisis-hit carrier, according to a communication. Go First, on May 2, announced filing the plea for voluntary insolvency resolution proceedings as well as suspension of flights, initially for two days — May 3 and 4. At that time also, DGCA had issued a show cause notice to Go First for cancelling flights for May 3 and 4 "without any prior intimation". On Monday, the National Company Law Appellate Tribunal upheld NCLT's decision to admit Go First's plea for voluntary insolvency resolution proceedings.

Flight Airline Dgca

NCLT orders liquidation of Go First airline amid ongoing financial crisis

2 months, 2 weeks ago

NCLT orders liquidation of Go First airline amid ongoing financial crisis

Airline

Bankrupt airline Go First's liquidation plea approved by law tribunal

2 months, 2 weeks ago

Bankrupt airline Go First's liquidation plea approved by law tribunal

Bank

Court ruling takes the wind off GoFirst insolvency resolution

11 months ago

Court ruling takes the wind off GoFirst insolvency resolution

New Indian Express

Resolution

NCLT extends Go First’s resolution timeline by 90 days

1 year, 4 months ago

NCLT extends Go First’s resolution timeline by 90 days

Resolution

Go First cancels flights till August 18 due to operational reasons | DETAILS

1 year, 7 months ago

Go First cancels flights till August 18 due to operational reasons | DETAILS

Court

Go First bankruptcy row: Cancellation sprees continues | Here is latest announcement

1 year, 8 months ago

Go First bankruptcy row: Cancellation sprees continues | Here is latest announcement

Airline

DGCA approves Go First's flight resumption plan with certain conditions

1 year, 8 months ago

DGCA approves Go First's flight resumption plan with certain conditions

Delhi

DGCA accepts Go First resumption plan, sets riders

1 year, 8 months ago

DGCA accepts Go First resumption plan, sets riders

Delhi

Go First to resume scheduled flight operations after getting approval from DGCA, with certain conditions

1 year, 8 months ago

Go First to resume scheduled flight operations after getting approval from DGCA, with certain conditions

Aircraft

DGCA Analysing Special Audit Report of Go First, Says Official

1 year, 8 months ago

DGCA Analysing Special Audit Report of Go First, Says Official

Audit

DGCA plans to conduct 'special audit' of Go First facilities in Mumbai and Delhi on July 4-6

1 year, 9 months ago

DGCA plans to conduct 'special audit' of Go First facilities in Mumbai and Delhi on July 4-6

Delhi

Go First extends cancellation of flights till July 6

1 year, 9 months ago

Go First extends cancellation of flights till July 6

Flights

GoFirst flights grounded for almost 2 months after it filed 'insolvency' | READ

1 year, 9 months ago

GoFirst flights grounded for almost 2 months after it filed 'insolvency' | READ

Airline

Go First’s Committee of Creditors replaces bankruptcy officials: Report

1 year, 9 months ago

Go First’s Committee of Creditors replaces bankruptcy officials: Report

Bank

NCLT accepts Delhivery notice to declare Go First’s insolvency fraudulent

1 year, 9 months ago

NCLT accepts Delhivery notice to declare Go First’s insolvency fraudulent

Delhi

DGCA sought clarity from Go First on flight resumption plan: Scindia

1 year, 9 months ago

DGCA sought clarity from Go First on flight resumption plan: Scindia

India

Go First crisis: Airline extends flight cancellations till May 30

1 year, 10 months ago

Go First crisis: Airline extends flight cancellations till May 30

Plan

Submit revival plan for sustainable operations in 30 days, DGCA tells Go First

1 year, 10 months ago

Submit revival plan for sustainable operations in 30 days, DGCA tells Go First

Hindustan Times

Operations

DGCA asks Go First airlines to submit 'revival' plan in 30 days | DETAILS

1 year, 10 months ago

DGCA asks Go First airlines to submit 'revival' plan in 30 days | DETAILS

Aviation

DGCA to conduct audit of airline's preparedness before flight resumption: Go First tells staff

1 year, 10 months ago

DGCA to conduct audit of airline's preparedness before flight resumption: Go First tells staff

Flights

No clarity yet from Go First on resumption of flights

1 year, 10 months ago

No clarity yet from Go First on resumption of flights

Airline

NCLAT upholds NCLT order allowing Go First's voluntary insolvency proceedings

1 year, 10 months ago

NCLAT upholds NCLT order allowing Go First's voluntary insolvency proceedings

Insolvency

Go First bankruptcy | Crisis in the skies

1 year, 10 months ago

Go First bankruptcy | Crisis in the skies

Indian Airlines

‘Not great thing for civil aviation’: Jyotiraditya Scindia on Go First insolvency case

1 year, 10 months ago

‘Not great thing for civil aviation’: Jyotiraditya Scindia on Go First insolvency case

Hindustan Times

Aviation

Cash-strapped Go First extends suspension of flight operations till May 26

1 year, 10 months ago

Cash-strapped Go First extends suspension of flight operations till May 26

Hindustan Times

Resolution

Want resumption of flights, airline have to submit its plan to DGCA: Aviation Minister on Go First crisis

1 year, 10 months ago

Want resumption of flights, airline have to submit its plan to DGCA: Aviation Minister on Go First crisis

Aviation

Go First: Aircraft lessor moves Delhi High Court seeking directions to take back its leased plane

1 year, 10 months ago

Go First: Aircraft lessor moves Delhi High Court seeking directions to take back its leased plane

Aviation

Go First insolvency: NCLAT to hear lessors’ plea on May 22

1 year, 10 months ago

Go First insolvency: NCLAT to hear lessors’ plea on May 22

Nclt

Go First's insolvency flight leaves trail of concerns for aircraft lessors

1 year, 10 months ago

Go First's insolvency flight leaves trail of concerns for aircraft lessors

India

Go First lessors’ plea to be heard Monday

1 year, 10 months ago

Go First lessors’ plea to be heard Monday

Insolvency

Go First: NCLAT to hear SMBC Aviation Capital’s plea challenging insolvency

1 year, 10 months ago

Go First: NCLAT to hear SMBC Aviation Capital’s plea challenging insolvency

Insolvency

Go First insolvency case: Resolution profession flags need to raise funds

1 year, 10 months ago

Go First insolvency case: Resolution profession flags need to raise funds

Raise Funds

GoFirst Insolvency: NCLAT to hear SMBC Aviation Capital’s plea tomorrow

1 year, 10 months ago

GoFirst Insolvency: NCLAT to hear SMBC Aviation Capital’s plea tomorrow

Insolvency

Go First: NCLAT to hear plea by airline’s lessor SMBC Aviation Capital

1 year, 10 months ago

Go First: NCLAT to hear plea by airline’s lessor SMBC Aviation Capital

India

Go First crisis: Why top aircraft lessors are not happy with NCLT's decision

1 year, 10 months ago

Go First crisis: Why top aircraft lessors are not happy with NCLT's decision

India

NCLT admits Go First bankruptcy petition

1 year, 10 months ago

NCLT admits Go First bankruptcy petition

Insolvency

Go First insolvency: What happened so far with the domestic carrier?

1 year, 10 months ago

Go First insolvency: What happened so far with the domestic carrier?

Hindustan Times

Nclt

NCLT initiates insolvency proceedings for Go First

1 year, 10 months ago

NCLT initiates insolvency proceedings for Go First

Hindustan Times

Insolvency

NCLT grants GoFirst’s insolvency plea

1 year, 10 months ago

NCLT grants GoFirst’s insolvency plea

Aircraft

NCLT grants Go First bankruptcy protection

1 year, 10 months ago

NCLT grants Go First bankruptcy protection

Nclt Grants

Big relief for Go First as NCLT admits voluntary insolvency plea

1 year, 10 months ago

Big relief for Go First as NCLT admits voluntary insolvency plea

Airline

Go First gets insolvency cover, tribunal orders suspended directors to deposit funds

1 year, 10 months ago

Go First gets insolvency cover, tribunal orders suspended directors to deposit funds

Insolvency

Go First crisis: Lessors approach DGCA to deregister 45 of 55 planes

1 year, 10 months ago

Go First crisis: Lessors approach DGCA to deregister 45 of 55 planes

Dgca

Will respond to DGCA notice in due course: Go First

1 year, 10 months ago

Will respond to DGCA notice in due course: Go First

Civil Aviation

Go First’s insolvency case: NCLT to pass its verdict on Wednesday

1 year, 10 months ago

Go First’s insolvency case: NCLT to pass its verdict on Wednesday

India

Go First faces DGCA permit action

1 year, 10 months ago

Go First faces DGCA permit action

Aircraft

Go First crisis: Lessors seek deregistration of 36 planes

1 year, 10 months ago

Go First crisis: Lessors seek deregistration of 36 planes

Airline

DGCA asks GoFirst to stop selling tickets with immediate effect

1 year, 10 months ago

DGCA asks GoFirst to stop selling tickets with immediate effect

Immediate Effect

Go First asks NCLT to urgently pass order on plea seeking moratorium

1 year, 10 months ago

Go First asks NCLT to urgently pass order on plea seeking moratorium

Airline

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NCLAT rejects Busy Bee’s plea against Go First liquidation

15 hours, 13 minutes ago

NCLAT rejects Busy Bee’s plea against Go First liquidation

The National Company Law Appellate Tribunal 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 …

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Supreme Court sets aside NCLAT order on DHFL resolution plan dispute

3 days, 15 hours ago

Supreme Court sets aside NCLAT order on DHFL resolution plan dispute

The Supreme Court on Tuesday set aside the National Company Law Appellate Tribunal ’s order that directed the lenders of the erstwhile Dewan Housing Finance to reconsider specific aspects of …

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Supreme Court Court Resolution Plan

NFRA flags lapses in audit quality of three audit firms

5 days, 5 hours ago

NFRA flags lapses in audit quality of three audit firms

New Delhi, Mar 30 The National Financial Reporting Authority has flagged certain lapses in the audit quality of three audit firms. In its report on SRBC & Co LLP, the …

Financial Quality Party Inspection

SC slams NCLAT for ignoring precedent, calls move ‘perverse’

1 week ago

SC slams NCLAT for ignoring precedent, calls move ‘perverse’

The Supreme Court has criticised the National Company Law Appellate Tribunal for disregarding a binding precedent set by the apex court to the effect that once a resolution plan is …

Hindustan Times

Judgment Tax Court Resolution

SC reaffirms mandatory CCI approval in insolvency cases: Former SC Judge Justice AK Sikri strongly concurs with the landmark HNG judgement

2 weeks, 5 days ago

SC reaffirms mandatory CCI approval in insolvency cases: Former SC Judge Justice AK Sikri strongly concurs with the landmark HNG judgement

In a landmark decision passed by the Supreme Court of India in the Hindustan National Glass case on the 29th of January 2025, has reinforced the legislative intent behind Section …

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Justice Market Court Insolvency

Penalties U/S 65 Of IBC Can Be Imposed Against Those Who Fraudulently Initiate Insolvency Process: NCLAT

3 weeks, 2 days ago

Penalties U/S 65 Of IBC Can Be Imposed Against Those Who Fraudulently Initiate Insolvency Process: NCLAT

The National Company Law Appellate Tribunal, Principal Bench, New Delhi comprising of Justice Ashok Bhushan and Barun Mitra and Arun Baroka disposed an appeal filed by a majority shareholder of …

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Corporate Insolvency Tribunal New Delhi

Approved Resolution Plan Cannot Be Reopened For Belatedly Agitated Claims: NCLAT

3 weeks, 5 days ago

Approved Resolution Plan Cannot Be Reopened For Belatedly Agitated Claims: NCLAT

The National Company Law Appellate Tribunal, Principal Bench, New Delhi comprising of Justice Ashok Bhushan, Barun Mitra and Arun Baroka, dismissed a set of four appeals filed under Section 61 …

Live Law

Corporate Resolution Claims Resolution Plan

Fresh trouble for SpiceJet as three aircraft lessors, former pilot file insolvency pleas

3 weeks, 6 days ago

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Supreme Court Wonders Why NCLAT Wrote Long Order On Delay Condonation Application Despite High Pendency

4 weeks, 2 days ago

Supreme Court Wonders Why NCLAT Wrote Long Order On Delay Condonation Application Despite High Pendency

The Supreme Court recently expressed surprise that the National Company Law Appellate Tribunal, despite having a high pendency of cases, devoted extensive time and effort to writing a 17-page order …

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Supreme Court to settle dispute over NFRA’s working

1 month ago

Supreme Court to settle dispute over NFRA’s working

The National Financial Reporting Authority has moved the Supreme Court seeking affirmation that its internal structure complies with the law after a Delhi High Court order last month quashed notices …

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Coffee Day Enterprises rallies 18% as NCLAT sets aside insolvency proceedings; up over 40% in 2 days

1 month ago

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Shares of Coffee Day Enterprises Ltd surged nearly 18 percent in intraday trading on Tuesday, March 4, marking their second consecutive session of strong gains. This follows a 20 percent …

Insolvency Nclt Proceedings Nclat

NCLAT sets aside Insolvency order against Coffee Day Enterprises

1 month, 1 week ago

NCLAT sets aside Insolvency order against Coffee Day Enterprises

National Company Law Appellate Tribunal, Chennai, on Thursday set aside the insolvency proceedings against Coffee Day Enterprises Limited, which runs Cafe Coffee Day chain. In a stock exchange announcement, the …

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Twist in Byju’s tale: resolution professional change pushed to March amid objections

1 month, 1 week ago

Twist in Byju’s tale: resolution professional change pushed to March amid objections

The Bengaluru insolvency court on Monday deferred until 19 March its decision to approve the appointment of Shailendra Ajmera as the new resolution professional to take charge of the embattled …

India Court Insolvency Settlement

Byju’s insolvency: Brothers move court to keep creditors away from ₹158 cr settlement

1 month, 2 weeks ago

Byju’s insolvency: Brothers move court to keep creditors away from ₹158 cr settlement

Riju Raveendran, a suspended director of embattled edtech firm Byju’s, has approached the bankruptcy appeals court to prevent its creditors from deciding on a ₹158 crore settlement with India’s cricket …

India Court Insolvency Settlement

NCLT asks BCCI to seek creditors’ nod for ₹158 crore Byju’s settlement

1 month, 3 weeks ago

NCLT asks BCCI to seek creditors’ nod for ₹158 crore Byju’s settlement

The Bengaluru insolvency court on Monday directed the Board of Control for Cricket in India to submit a ₹158 crore settlement plea before the Committee of Creditors to obtain approval …

Financial Insolvency Settlement Order

NCLAT Orders NCLT To Decide BCCI's Plea For Settlement And Withdrawal Of CIRP Against Byju's Within One Week

1 month, 3 weeks ago

NCLAT Orders NCLT To Decide BCCI's Plea For Settlement And Withdrawal Of CIRP Against Byju's Within One Week

The National Company Law Appellate Tribunal, Chennai bench comprising Justice Rakesh Kumar Jain and Jatindranath Swain have directed the National Company Law Tribunal to decide the application filed by Board …

Live Law

Tribunal Nclt Bcci Byju

NCLT terminates insolvency resolution process against Logix Infra

1 month, 3 weeks ago

NCLT terminates insolvency resolution process against Logix Infra

NOIDA: The national company law tribunal has terminated the ongoing corporate insolvency resolution process against the realty firm - Logix Infrastructure private limited - that was facing the proceedings since …

Hindustan Times

Resolution Order Noida Professional

NCLT recalls insolvency order against Logix Infra, cites ’fraudulent and mala fide’ intentions

1 month, 3 weeks ago

NCLT recalls insolvency order against Logix Infra, cites ’fraudulent and mala fide’ intentions

New Delhi, Feb 9 In a rare move, NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the …

Corporate Financial Insolvency Resolution

Byju’s insolvency: Suspended directors challenge NCLT ruling reinstating lenders, cite prejudice

1 month, 4 weeks ago

Byju’s insolvency: Suspended directors challenge NCLT ruling reinstating lenders, cite prejudice

Suspended directors of the bankrupt edtech firm Byju’s have approached the National Company Law Appellate Tribunal, challenging a Bengaluru insolvency court’s decision to reinstate its lenders as financial creditors while …

Insolvency Settlement Company Crore

NCLT Orders Disciplinary Proceedings Against Resolution Professional Of BYJU's, Says He Acted With Prejudice To Mislead Tribunal

2 months ago

NCLT Orders Disciplinary Proceedings Against Resolution Professional Of BYJU's, Says He Acted With Prejudice To Mislead Tribunal

The National Company Law Tribunal, Bengaluru bench comprising Justice K. Biswal and Ravichandran Ramasamy have held that that as per the Insolvency and Bankruptcy Code, 2016, there is no provision …

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Disciplinary Proceedings Corporate Resolution Order

Busy Bee Airways to reach out to Go First lenders

2 months ago

Busy Bee Airways to reach out to Go First lenders

NEW DELHI: Busy Bee Airways on Friday informed the insolvency appellate tribunal NCLAT that it will try to reach out to the lenders of Go First. Travel portal EaseMyTrip’s co-founder …

New Indian Express

Nclat Bee Busy Go First

Go First acquisition: NCLAT asks Busy Bee Airways to negotiate deal with lenders

2 months ago

Go First acquisition: NCLAT asks Busy Bee Airways to negotiate deal with lenders

The National Company Law Appellate Tribunal has asked Busy Bee Airways, a bidder for bankrupt airline Go First, to approach the airline’s lenders and negotiate a deal to acquire the …

Bank Crore Airline Nclt

NCLT directs disciplinary proceedings against Byjus' resolution professional

2 months ago

NCLT directs disciplinary proceedings against Byjus' resolution professional

The National Company Law Tribunal on Wednesday ordered a disciplinary proceeding against Byjus' resolution professional and nixed his direction to exclude Glas Trust and Aditya Birla Finance from the edtech's …

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IBC Cases Weekly Round-Up [20th January To 26th January 2025]

2 months, 1 week ago

IBC Cases Weekly Round-Up [20th January To 26th January 2025]

Nominal Index: Umang Realtech Pvt. Ltd. vs. Mrs Daphne Reita Rajan Sharma & Anr.,RERA APPEAL 7/2024 M/s Jones Lang Lasalle Building Operations Pvt. – 264/PB/2023 Anita Goyal Versus Vistra ITCL …

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India Justice Appeal Insolvency

NCLT Holds Financial Lease With Transfer Of Ownership & Interest For Default As “Financial Debt”, Admits GDA's Claim As “Financial Creditor”

2 months, 1 week ago

NCLT Holds Financial Lease With Transfer Of Ownership & Interest For Default As “Financial Debt”, Admits GDA's Claim As “Financial Creditor”

The NCLT, New Delhi, Principal bench comprising Justice Ramalingam Sudhakar and Avinash K. Srivastava has allowed the claim of Ghaziabad Development Authority as a financial creditor in the Red Mall …

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Corporate Financial Debt Gda

NCLT New Delhi Orders Liquidation Of Go Airlines (India) Limited

2 months, 1 week ago

NCLT New Delhi Orders Liquidation Of Go Airlines (India) Limited

The National Company Law Tribunal, New Delhi bench of Justice Mahendra Khandelwal and Dr. Sanjeev Ranjan has ordered the liquidation of Go First Airlines, marking the conclusion of a 20-month-long …

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Corporate Resolution Airlines Tribunal

Go First case: Former bidder Busy Bee Airways withdraws plea against liquidation

2 months, 2 weeks ago

Go First case: Former bidder Busy Bee Airways withdraws plea against liquidation

New Delhi: Busy Bee Airways Pvt. Ltd, former bidder for bankrupt airline Go First, on Tuesday withdrew its plea challenging the 18 December decision of the National Company Law Tribunal …

Delhi Bank Crore Nclt

NCLT orders Go First liquidation

2 months, 2 weeks ago

NCLT orders Go First liquidation

The National Company Law Tribunal on Monday ordered the liquidation of budget air carrier Go First Airways two years after it shut flight operations and approached the court seeking voluntary …

Nclt Go First

NCLT orders liquidation of Go First, ending 20-month insolvency saga

2 months, 2 weeks ago

NCLT orders liquidation of Go First, ending 20-month insolvency saga

The National Company Law Tribunal has ordered the liquidation of Go First, marking the end of 20 months of insolvency proceedings for the struggling budget airline. Go First, which filed …

India Aviation Airlines Airline

NCLT orders liquidation of Go First airline

2 months, 2 weeks ago

NCLT orders liquidation of Go First airline

The National Company Law Tribunal has ordered the liquidation of Go First Airways after a request from the cash-strapped airline's lenders. In August, Go First's lenders had decided to liquidate …

Bank

Commercial Wisdom Of CoC In Opting For Liquidation And Rejecting Resolution Plan Of Ineligible Applicant Is “Non-Justiciable”: NCLAT

2 months, 3 weeks ago

Commercial Wisdom Of CoC In Opting For Liquidation And Rejecting Resolution Plan Of Ineligible Applicant Is “Non-Justiciable”: NCLAT

The National Company Law Appellate Tribunal, Principal Bench, New Delhi has held that the commercial wisdom of the Committee of Creditors in rejecting a resolution plan and opting for liquidation …

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NCLAT dismisses appeal to stay insolvency proceedings against Indrajit Power

2 months, 3 weeks ago

NCLAT dismisses appeal to stay insolvency proceedings against Indrajit Power

New Delhi, Jan 12 The National Company Law Appellate Tribunal has dismissed a plea to stay the insolvency proceedings against debt-ridden thermal power producer Indrajit Power. The appellate tribunal said …

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3 months ago

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As the year 2024 nears its end, LiveLaw brings to you a summary of important Supreme Court judgments of the year rendered in connection with the Insolvency and Bankruptcy Code, …

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CoC recommends EY honcho as new liquidator in Go First case

4 months, 1 week ago

CoC recommends EY honcho as new liquidator in Go First case

New Delhi: The Committee of Creditors of the bankrupt airline Go First has voted to appoint Dinkar Venkatasubramanian as the liquidator for the airline’s liquidation proceedings. Third-party foreign funding In …

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The NCLAT New Delhi bench of Justice Rakesh Kumar Jain, Barun Mitra and Indevar Pandey has held that IBC bestows only summary jurisdiction upon the Adjudicating Authority. It was further …

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Corporate Bihar Dispute Operational Creditor

NCLAT Orders Refund Of Pre-CIRP Electricity Dues Paid By SRA Under Protest For Restoration Of Electricity Connection

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NCLAT Orders Refund Of Pre-CIRP Electricity Dues Paid By SRA Under Protest For Restoration Of Electricity Connection

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BCCI seeks withdrawal of insolvency proceedings against Byju’s

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BCCI seeks withdrawal of insolvency proceedings against Byju’s

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SC reserves verdict on plea against NCLAT order stopping insolvency proceedings against Byju's

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Spicejet faces another insolvency plea from operational creditor; NCLT issues notice

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SC agrees to list plea related to insolvency proceedings against ed-tech firm Byju's

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New Indian Express

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NCLT defers ruling on Glas Trust’s plea

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NCLT defers ruling on Glas Trust’s plea

NEW DELHI: The Bengaluru bench of the National Company Law Tribunal has deferred its decision on a petition by US-based lender Glas Trust that seeks a stay on further meetings …

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Byju's US lenders vs interim resolution professional: Glas Trust not part of insolvency panel

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New Indian Express

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