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IREDA files bankruptcy case against Gensol amid fraud allegations

Infrastructure

15 May, 2025

IREDA files bankruptcy case against Gensol amid fraud allegations

State-owned Indian Renewable Energy Development Agency said on Wednesday it has filed a bankruptcy application against Gensol Engineering marking the ......

Supreme Court's reversal of $2.3 bn JSW-Bhushan deal casts shadow on bankruptcy law

Manufacturing

08 May, 2025

Supreme Court's reversal of $2.3 bn JSW-Bhushan deal casts shadow on bankruptcy law

A decision by India's Supreme Court to quash a $2.3-billion steel industry deal six years after an insolvency tribunal approved ......

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What's at stake for PE firms, impact investors as Aviom lands in bankruptcy court

Finance

25 February, 2025

What's at stake for PE firms, impact investors as Aviom lands in bankruptcy court

Private equity investors and impact-oriented funds that backed Aviom India Housing Finance Pvt Ltd are now staring at the possibility ......

RBI chief favours financial creditor-led resolution framework for stressed assets

Finance

11 January, 2024

RBI chief favours financial creditor-led resolution framework for stressed assets

Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of ......

Go First lenders to challenge move that could let lessors reclaim planes

Infrastructure

09 November, 2023

Go First lenders to challenge move that could let lessors reclaim planes

Lenders of grounded Indian airline Go First plan to legally challenge the aviation watchdog's interpretation to retrospectively apply changes to ......

India insolvency law change on leased aircraft to apply retrospectively

General

02 November, 2023

India insolvency law change on leased aircraft to apply retrospectively

Changes to Indian laws to exclude leased aircraft from assets that can be frozen during bankruptcy proceedings of an airline ......

Go First lenders approve $55 mn fund infusion to revive bankrupt airline

Infrastructure

26 June, 2023

Go First lenders approve $55 mn fund infusion to revive bankrupt airline

Lenders to India's Go First, which is under bankruptcy protection, have approved interim funding of 4.50 billion rupees ($54.9 million) ......

NCLT admits Go First into insolvency, places moratorium on aircraft leases

Infrastructure

10 May, 2023

NCLT admits Go First into insolvency, places moratorium on aircraft leases

An Indian tribunal on Wednesday granted bankruptcy protection to Go Airlines (India) Ltd, a move that will help the country's ......

Go First asks NCLT to urgently pass order on insolvency plea

Infrastructure

08 May, 2023

Go First asks NCLT to urgently pass order on insolvency plea

Go Airlines (India) on Monday asked the country's company law tribunal to urgently pass an order on its insolvency plea, ......

Go First, lessors lock horns as bankruptcy hearings begin

Infrastructure

05 May, 2023

Go First, lessors lock horns as bankruptcy hearings begin

Indian airline Go First's effort to start insolvency proceedings has become ensnared in a tussle with aircraft lessors after they ......

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