Go First acquisition: NCLAT asks Busy Bee Airways to negotiate deal with lenders
The appellate tribunal also asked the liquidator to submit the minutes of the Committee of Creditors (CoC) meeting that led ...
'Incredibly Complicated'? Antitrust Litigators Identify Pros and Cons of Proposed One Agency Act
"It would be risky to try to consolidate antitrust enforcement over to one house," Sheppard Mullin partner John Carroll said of the One Agency Act bill that would merge the FTC's Bureau of Competition ...
Noida: Protest at Supertech group as vendors demand payment
The NCLAT on Thursday directed the resolution professional to look into this issue and posted the matter for hearing to ...
Economic survey pushes for separate NCLT rules, faster insolvency resolution
Economic Survey 2024-25 recommends separate rules for NCLT under IBC, emphasizes efficiency, and calls for regulatory impact ...
Approach lenders for acquisition of Go First: NCLAT to Busy Bee Airways
Busy Bee Airways, backed by travel portal EaseMyTrip's co-founder and CEO Nishant Pitti, challenged the liquidation of the ...
Busy Bee Airways to reach out to GoFirst lenders; liquidator to file minutes of CoC meeting
Busy Bee Airways has expressed interest in acquiring the grounded carrier Go First, which is undergoing liquidation ...
Achievements of Godfred Dame (1 of 2): Protecting the public purse through litigation
Judgment debts have been a major problem and the Achilles heels of Attorneys-General in the recent past. Some dubious ...
RBI files application for insolvency proceedings against Aviom India Housing Finance
The RBI on January 30, 2025, said it has filed an application with the National Company Law Tribunal, New Delhi bench, for ...
Tax Guru1d
CoC’s Approval of Resolution Plan Not Reviewable unless Statutory Violations Occur
The CIRP for Jason Dekor commenced on December 19, 2019, and initially, the CoC decided to seek liquidation due to the absence of a viable Resolution Plan. However, after a legal challenge and a ...
Tax Guru1d
Financial Creditor’s can Invoke Pledge; IBC Application can e Admitted Despite Settlement Attempts: NCLAT
Financial Creditor had the discretion to invoke the pledge – IBC application can be admitted despite appellant’s ongoing attempts at settlement ...
RBI files Aviom Housing insolvency petition at Delhi NCLT, appoints 3-member panel to assist administrator
Within days of superseding the board and appointing an administrator, the Reserve Bank of India has filed an insolvency ...
Bar & Bench1d
IBC resolution plans involving combinations must be approved by CCI before CoC stage: Supreme Court
The Supreme Court, by a 2:1 majority, has held that Competition Commission of India (CCI) approval for corporate insolvency ...