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According to the NCLT website, two more petitions for insolvency resolution proceedings against SpiceJet are pending before it.
An Interim Resolution Professional (IRP) has been appointed by the NCLT to manage the affairs of Go First Airline under the Insolvency and Bankruptcy Code (IBC) but some lessors have challenged the tribunal’s ruling.
Source: https://indianexpress.com/article/india/go-first-haj-flights-indigo-8604607/
Canara Bank, a financial creditor, filed an application against Kranthi Edifice Pvt Ltd before NCLT, Hyderabad, under Section 7 of the IBC for defaults in repayment of an overdraft facility and bank guarantees.
In his written communication to the NCLT, the IRP said: “The company is not at default today with any financial creditors.”
On August 1, NCLT granted Swan a second extension of 45 days, which ended on September 14.
Once Hinduja Group’s resolution plan has been voted on and approved, CoC will seek the National Company Law Tribunal (NCLT)’s approval for the same, ahead of the deadline of July 15.
The sale notice has been issued by Santanu T Ray, who was appointed as a liquidator of Firestar Diamond International Private Limited by the Mumbai bench of the National Company Law Tribunal (NCLT) in February 2020.