The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s voluntary plea to initiate the insolvency resolution process against the airline. A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company. It has put the company under protection […]
Go First has cancelled all flights until May 19th, as per the latest announcement by the airline. The cash-strapped carrier cited “operational reasons” for the cancellation of flights. Furthermore, the airline, in its announcement, mentioned that a full refund will be issued for the flight cancellations. Go First said in a statement, “We regret to inform
Fitch spoke about searches by the Enforcement Directorate at Manappuram Finance. (Representational) New Delhi: Fitch Ratings today said the recent search by the enforcement directorate at gold-backed lender Manappuram Finance highlights corporate governance challenges that can arise in emerging markets like India. “Such searches need not lead to further regulatory action, but investigations raise reputational
With Hyundai Creta and other C-SUVs taking the top spot on the sales chart, the extinction of C-segment sedans was predicted. Interestingly, the C-sedan space has stirred back. While honours go to the new entrants like Volkswagen Virtus and Skoda Slavia for the resurrection, the Honda City remains the strongest pillar here for fighting challenging
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