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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 ......

NCLT approves Suraksha's bid in Jaypee Infra insolvency case

Infrastructure

07 March, 2023

NCLT approves Suraksha's bid in Jaypee Infra insolvency case

The National Company Law Tribunal (NCLT), which was scheduled to govern on the Mumbai-based Suraksha group's bid to acquire Jaypee ......

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Bankruptcy resolutions expected to soar after Budget spells relief for RPs

Finance

03 February, 2023

Bankruptcy resolutions expected to soar after Budget spells relief for RPs

Liquidators in India, who are entrusted with winding up bankrupt companies, will no longer be prosecuted for failing to comply ......

Varde-Arena consortium bid for Srei group

Finance

05 December, 2022

Varde-Arena consortium bid for Srei group

A consortium of Arena Investors LP and Varde Partners, National Asset Reconstruction Co. Ltd (NARCL) and Mumbai-based Authum Investments have ......