Search Results for: bankruptcy

Jet Airways

Supreme Court to Decide Jet Airways' Ownership Fate

The Supreme Court is set to deliver a crucial verdict on the ownership of the beleaguered Jet Airways. The judgment, scheduled for November 7, will address the lenders' plea challenging the transfer of ownership of the grounded airline to the Jalan Kalrock Consortium (JKC). 15 days ago
Jet Airways

Supreme Court Orders Liquidation of Jet Airways

The Supreme Court has ordered the liquidation of the beleaguered airline Jet Airways. The ruling delivered on November 7, was led by Chief Justice of India, D.Y. Chandrachud, who stated that the resolution plan, approved half a decade ago, was no longer feasible. 15 days ago
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
Nischal Shetty

CoinSwitch Takes Legal Action Against WazirX Over Stuck Funds

CoinSwitch, a leading cryptocurrency exchange, has initiated legal proceedings against its rival platform, WazirX. The lawsuit is an attempt to recover funds that have been stuck on the WazirX platform, which is run by Nischal Shetty. Aug 30, 2024
Key investors move NCLT against Byju's rights issue, firm says yet to get any petition

Byju's Cleared of Financial Fraud But Governance Lapses Found

In a significant development, the Indian government has concluded a year-long investigation into the financial operations of Byju's, the embattled edtech firm. The probe, led by the Ministry of Corporate Affairs (MCA), found no evidence of financial fraud or manipulation of accounts. Jun 26, 2024
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