NCLT issues notice to SpiceJet over another unpaid operational debt

Financial Turbulence: SpiceJet's New Debt Default Crisis

The National Company Law Tribunal (NCLT) has issued a notice to the SpiceJet. The notice was issued in response to a plea by Techjockey Infotech Pvt Ltd, an operational creditor of the airline, seeking the initiation of corporate insolvency resolution proceedings against the beleaguered airline. Sep 24, 2024
Oyo

Oyo's $525M Acquisition: A New Chapter in Global Hospitality

Boosting its international presence, Indian hospitality major Oyo's parent company Oravel Stays is acquiring Motel 6 and Studio 6 chain with about 1,500 facilities across the US and Canada from the investment company Blackstone in a $525 million cash deal, the US firm said on Friday. Sep 21, 2024