Tag NCLT

Aviation

Go First Granted Bankruptcy Protection By Indian Tribunal

The National Company Law Tribunal has granted Go First Airlines bankruptcy protection as the low-cost carrier attempts to revive itself. While this is positive news for Go First, foreign lessors looking to repossess their planes will face challenges. Pratt & Whitney, the engine maker, has denied Go First's claims about faulty engines without evidence.

Manish Khandelwal
10/05/2023

Aviation

Go First Extends the Cancellation of All Flights Until May 12

Crisis-hit airline Go First, owned by the Wadia Group, has filed for insolvency resolution proceedings as it struggles to restructure its debt and liabilities. The airline has extended the cancellation of all flights until May 12, while some lessors oppose its plea as they seek to take back at least 20 planes.

Manish Khandelwal
06/05/2023

Aviation

Jet Airways: NCLT Approves Transfer of Ownership to Jalan Kalrock Consortium

On Friday, the National Company Law Tribunal (NCLT) granted approval for the transfer of ownership of grounded, Jet Airways, to the Jalan Kalrock consortium. The tribunal also granted the consortium more time to pay the dues to the creditors. The…

Manish Khandelwal
13/01/2023

Aviation

Jet Airways Is Ready To Fly Again; What Happened to Ticket Refunds? When Will You Receive Refund Credit?

As you might be aware that last week the Directorate General of Civil Aviation (DGCA) of India revalidated the Air Operator Certificate (AOC) of Jet Airways and allowed the airline to resume its scheduled commercial operations in India. It is…

Manish Khandelwal
23/05/2022

Aviation

Jet Airways To Refund Maximum of ₹15000 Against Per Claim

As you already know that last week the National Companies Law Tribunal (NCLT) approved the revival plan submitted by the consortium of UAE-based businessmen Murari Lal Jalan and the London-based Kalrock Capital. Today, the bankruptcy court issued the final revival…

Manish Khandelwal
30/06/2021

Aviation

NCLT Approved Jet Airways Revival Plan, DGCA To Allot Slots In 90 Days

The National Companies Law Tribunal (NCLT) on Tuesday approved the revival plan submitted by new owners of Jet Airways. As part of the revival plan, NCLT has given 90 days to the Director-General of Civil Aviation (DGCA) and Ministry of…

Manish Khandelwal
22/06/2021

Aviation

Jet Airways To Restart In 4-6 Months After NCLT Nod

Jalan Kalrock Consortium, the winning bidder for Jet Airways, expects to restart operations of the defunct airline in four to six months after receiving approval from the NCLT for its resolution plan. Jet Airways, the once-storied full-service carrier was grounded…

Manish Khandelwal
22/02/2021

Associations

Jet Airways Revival: NCLT To Take Final Decision This Month

The National Company Law Tribunal (NCLT) has ordered officials from the Department of Aviation and the Directorate-General for Civil Aviation (DGCA) to attend a hearing on the matter on Tuesday so that “there is no future uncertainty if the (resuscitation)…

Rohan Kumar
11/01/2021

Business

NCLT Issues Notice To DGCA, MoCA To Clear Stance On Jet Airways’ Slots

NCLT’s bench Mumbai has issued a notice to the Directorate General of Civil Aviation (DGCA) and the Department of Civil Aviation (MOCA) to clarify their stance on Jet’s previous slots and to come for a hearing on Jan. 12. The…