Insolvency Plea Against FirstCry Subsidiary GlobalBees Brands Filed Before NCLT
In an exchange filing, the company informed that Ashutosh Garg, Paritosh Garg and Manju Agarwal, have filed the petition
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Go First Grounded Airline Seeks Investors To Save Business
- by BW Retail World Bureau
- July 11, 2023
A court-appointed Resolution Professional (RP) to oversee the ongoing insolvency process of Go Airlines has invited an Expression of Interest (EOD) from potential investors. On Monday, the airline, which operates Go First, put out a newspaper advertisement regarding the EoD with relevant details. The last date for receipt of interest by investors is August 9. […]
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India’s Civil Aviation Fleet To Double In Next 5 Years, Says Scindia
- by BW Retail World Bureau
- June 21, 2023
Civil aviation fleet in India has risen 75 per cent since 2013-14 to about 700 and is likely to rise towards 1500-2000 in the next half a decade, said Union civil aviation minister Jyotiraditya Scindia a day after Indigo announced the 500 aircraft mega deal with Airbus. “Capability of the Indian civil aviation sector is […]
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Future Retail Files Complaint With NCLT Against Directors For Loss Of Rs 14,809 Cr To Creditors
- by BW Retail World Bureau
- March 11, 2023
Debt-ridden Future Retail, which is insolvent, revealed on Friday that its Resolution Professional has filed a complaint with the National Company Law Tribunal (NCLT) against the company’s past and current directors for creating a loss of Rs 14,809.44 crore to creditors. In the application filed before the Mumbai bench of the NCLT, the Resolution Professional […]