Companies News

Go First Grounded Airline Seeks Investors To Save Business

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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Companies Government News

India’s Civil Aviation Fleet To Double In Next 5 Years, Says Scindia

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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Brands News Sector

Future Retail Files Complaint With NCLT Against Directors For Loss Of Rs 14,809 Cr To Creditors

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 […]

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