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NCLAT Chennai Stays Insolvency proceedings Against Charter Aircraft Service Provider 'Deccan Charters'
8 months, 1 week ago

NCLAT Chennai Stays Insolvency proceedings Against Charter Aircraft Service Provider 'Deccan Charters'

Live Law  

The National Company Law Appellate Tribunal, Chennai Bench, comprising of Justice M. Venugopal, Justice Sharad Kumar Sharma and Jatindranath Swain, has stayed the insolvency proceedings initiated against Deccan Charters Pvt. On 04.05.2022, the Financial Creditor filed an application under Section 7 of IBC seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor, over a default of Rs. On …

Business Corporate Nclt Nclat Charter Bta Irp
NCLT Bengaluru Admits Charter Aircraft Service Provider 'Deccan Charters' Into Insolvency
8 months, 2 weeks ago

NCLT Bengaluru Admits Charter Aircraft Service Provider 'Deccan Charters' Into Insolvency

Live Law  

The National Company Law Tribunal, Bengaluru Bench, comprising of Shri K. Biswal and Shri Manoj Kumar Dubey, has admitted Deccan Charters Pvt. Deccan Charters is a Bengaluru based company which operates chartered helicopters and fixed wing aircrafts and also provides services such as aircraft maintenance, aircraft management and aviation training. In 2017, Shaishav Shah & Family and Himanshu Shah & …

Business Corporate Aircraft Nclt Bench Charter Bta
RP Best Person To Decide What Part Of Corporate Debtor's Business Is To Be Carried Out: NCLAT Delhi
9 months, 1 week ago

RP Best Person To Decide What Part Of Corporate Debtor's Business Is To Be Carried Out: NCLAT Delhi

Live Law  

The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan, Shri Barun Mitra and Shri Arun Baroka, has held that the Resolution Professional who is running the Corporate Debtor's business, is the best person to decide as to what part of the business can be carried out. It has been held that the Resolution Professional is the …

Business Contract Corporate Specific Performance Resolution Corporate Debtor Nclt
KYC And Aadhaar Related Service Provider ‘Karvy Data Management Services Ltd.’ Admitted Into Insolvency: NCLT Hyderabad
1 year, 3 months ago

KYC And Aadhaar Related Service Provider ‘Karvy Data Management Services Ltd.’ Admitted Into Insolvency: NCLT Hyderabad

Live Law  

The National Company Law Tribunal, Hyderabad Bench, comprising of Dr. Venkata Ramakrishna Badarinath Nandula and Shri Charan Singh, while adjudicating a petition filed in M/s Allied Hi-Tech Industries Private Ltd. v Karvy Data Management Services Limited, has initiated Corporate Insolvency Resolution Process against Karvy Data Management Services Limited. Background Facts Karvy Data Management Services Limited is a KYC Registration Agency …

Corporate Services Corporate Debtor Service Nclt Bench Shri
NCLT Mumbai Admits Bagalkot Cement And Industries Ltd. Into Insolvency
1 year, 3 months ago

NCLT Mumbai Admits Bagalkot Cement And Industries Ltd. Into Insolvency

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising of Mrs. Lakshmi Gurung and Shri Charanjeet Singh Gulati, while adjudicating a petition filed in Vyshali Energy Private Limited v M/s. Vyshali Energy Private Limited and the Corporate Debtor entered into an 'Energy Purchase Agreement' dated 10.04.2017 for the sale and supply of energy by the Operational Creditor to the Corporate Debtor. …

Corporate Corporate Debtor Operational Creditor Operational Notice Demand Nclt
Go Airlines| NCLT Delhi Permits Go Airlines To Resume Operations
1 year, 4 months ago

Go Airlines| NCLT Delhi Permits Go Airlines To Resume Operations

Live Law  

The National Company Law Tribunal, New Delhi Bench, comprising of Shri Mahendra Khandelwal and Shri Rahul Bhatnagar, while adjudicating a petition filed by Go Airlines Limited, has permitted Go Airlines to operate the leased aircrafts in order to maintain the company’s status as a going concern. Accordingly, the Lessors filed an application under Section 60 of IBC before the NCLT …

Corporate Aircraft Airlines Order Nclt Bench Irp
IRIS Business Services Launches GST E-Invoice Registration Portal; Check Details
1 year, 9 months ago

IRIS Business Services Launches GST E-Invoice Registration Portal; Check Details

News 18  

Compliance solutions provider IRIS Business Services has launched the IRIS Invoice Registration Portal, one of the first private invoice registration portals authorised by the government to authenticate B2B and export invoices along with credit and debit notes, for goods and services tax. “We are excited to launch IRIS IRP and look forward to assisting businesses in complying with the GST …

Business Gst Irp Iris Invoice Iris Irp Portal Check
Explained | The Insolvency and Bankruptcy Code (IBC)- where does it stand today?
2 years, 2 months ago

Explained | The Insolvency and Bankruptcy Code (IBC)- where does it stand today?

The Hindu  

The story so far: Speaking at the sixth anniversary of the Insolvency and Bankruptcy Board of India on October 1, Union Finance Minister Nirmala Sitharaman said that the country could not afford to lose the “sheen” of its insolvency law, the Insolvency and Bankruptcy Code. Addressing the issue of haircuts— the debt that banks forgo— she said it was unacceptable …

India Insolvency Resolution Cases Assets Company Bankruptcy
NCLAT Delhi Sets Aside The CIRP Of LA Residentia Developers, As Parties Enter Settlement
2 years, 4 months ago

NCLAT Delhi Sets Aside The CIRP Of LA Residentia Developers, As Parties Enter Settlement

Live Law  

The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan, Justice M. Satyanarayana Murthy and Mr. Naresh Salecha, while adjudicating an appeal filed in Amrapali LA-Residentia Flat Buyers Welfare Association v LA Residentia Developers Pvt. The Operational Creditor in 2020 had filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 before the NCLT …

Corporate Corporate Debtor Operational Creditor Operational Application Ors Filed
NCLT Mumbai Initiates Insolvency Proceedings Against Nirmal Lifestyle (Kalyan) Pvt. Ltd.
2 years, 6 months ago

NCLT Mumbai Initiates Insolvency Proceedings Against Nirmal Lifestyle (Kalyan) Pvt. Ltd.

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising of Mr. Kishore Vemulapalli and Mr. Rajesh Sharma, while adjudicating an application in Srei Equipment Finance Ltd. v Nirmal Lifestyle Pvt. Contentions Of The Corporate Debtor The Corporate Debtor submitted that it had requested the Financial Creditor for restructuring the Loan amount due to the financial disruptions caused by COVID 19 pandemic …

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US-expelled Haitians fuel charter business to Latin America
2 years, 6 months ago

US-expelled Haitians fuel charter business to Latin America

Associated Press  

SANTIAGO, Chile — With jokes, upbeat Caribbean music and vacation scenes of sun-kissed beaches and palm trees, Haitian influencers on YouTube and TikTok advertise charter flights to South America. From November 2020 until this May, at least 128 charters were rented by travel agencies in Chile and Brazil for flights from Haiti, according to flight tracking information, online Since taking …

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