Go First: An aircraft lessor has moved the Delhi High Court seeking directions to the authorities to release the plane leased to cash-strapped Go First. Earlier this month, the Wadia Group-owned Go First filed for voluntary insolvency resolution and said it can no longer continue to meet financial obligations. Following this move, some aircraft lessors moved…
The National Company Law Appellate Tribunal (NCLAT) is set to deliver its verdict on May 22 regarding the petitions filed by three aircraft lessors against Go First’s voluntary insolvency resolution proceedings. Stakeholders eagerly await the decision of the NCLAT, which will have far-reaching implications for Go First and its lessors. The two-member bench, led by…
Mumbai: Preliminary talks on a possible rescue of grounded budget carrier Go First through the insolvency process have been initiated with a few financial investors, including a leading global private equity fund, said people with knowledge of the matter. Those approached as potential bidders include several large global structured credit and special situations funds that…
South Australian builder Felmeri Homes has entered into voluntary administration, leaving many customers with unfinished builds in limbo. The Wayville-based family business has been in the industry for 30 years, but more recently, a number of new homeowners complained their builds were delayed and found to have defects. WATCH VIDEO ABOVE: Customers in limbo as…
Sports gambling, or sports betting, has quickly become one of the favorite pastimes of college students across the country. The rise of sports gambling in the United States is a relatively new phenomenon, and the long-term effects of its legalization are yet to be fully examined. However, the US federal government should keep sports gambling…
Mental health experts are urging people to seek help, as new data shows nearly half of Australian workers are feeling overwhelmed by debt. The survey of 1,000 employed people in February showed that 45 per cent had felt overwhelmed by debt, but seven in 10 of those had not reached out for help. Mental wellbeing, measured by a…
NEW DELHI: As the insolvency issue of SpiceJet heats up, prior red-flagging to the company by the Directorate General of Civil Aviation (DGCA) had pointed out long awaited trouble for the aviation giant.Last year itself the DGCA had warned the airline after noticing various anomalies regarding its service.“Financial assessment carried out by DGCA revealed SpiceJet…