NEW DELHI: SpiceJet CMD Ajay Singh‘s assertion that the airline is not filing for insolvency does not seem to have comforted lessors. On Friday, lessors asked the DGCA to de-register two more aircraft with the airline so that they can be repossessed. This week has seen requests for five SpiceJet aircraft to be repossessed under […]
Go First fallout: Lessors file plea to repossess 5 SpiceJet planes this week Read More »
India’s foreign exchange reserves jumped by USD 7.196 billion to USD 595.976 billion. Mumbai: India’s foreign exchange reserves jumped by USD 7.196 billion to USD 595.976 billion in the week ended on May 5, the Reserve Bank of India said on Friday. The overall reserves had dropped by USD 4.532 billion to USD 588.78 billion
India’s Forex Reserves Jump By USD 7.2 Billion To USD 595.98 Billion Read More »
NEW DELHI: The power ministry has invoked special powers to issue “policy direction” to the tariff regulator CERC (Central Electricity Regulatory Commission) — an independent body set up under the Electricity Act — to consult it in “detail” while making regulations on the ground that the ministry is “responsible to Parliament and is the most
Cerc: No regulation without discussion: Power ministry to CERC Read More »
NEW DELHI: Creditors, including banks, have seen realisation in bankruptcy resolution cases rise to 36% of the admitted claims during 2022-23, compared to 23% in the previous year, despite a sharp rise in the number of cases filed for insolvency resolution.Latest data released by the Insolvency and Bankruptcy Board of India showed that 1,255 corporate
Asi: Bankruptcy recoveries on the rise Read More »
