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Monday, August 11, 2025
TopicInsolvency

Topic: Insolvency

Go First suspends flight bookings till 15 May, DGCA orders timely refunds for passengers

DGCA says it examined Go First's response & is committed to minimising passenger inconvenience in view of abrupt decision to suspend scheduled operations without prior intimation.

US engine-maker flags Go First’s ‘lengthy history’ of non-payment after being blamed for insolvency

Low-cost carrier Go First on Tuesday alleged it had to ground 25 aircraft or about 50% of its Airbus A320neo aircraft fleet — as of 1 May — due to issues with Pratt & Whitney engines.

SubscriberWrites: Insolvency resolution needs to be simplified. Current system deters entrepreneurial spirit

Covid induced backlog and secular crippling of the Adjudicating Authority’s functioning means we are fast approaching the pre-Code timelines for insolvency resolution, writes Ivan.

Insolvency code is one of India’s success stories. But it now needs a new life

Insolvency and Bankruptcy Code is not immune to the shortcomings of India's justice system like delays despite being one of the key reform initiatives of the government.

Why India’s bankruptcy framework needs urgent reform, once again

Biggest failing of the bankruptcy code is its institutional infirmity. A US-style debtor-in-possession bankruptcy may have been far more suitable to India’s on-the-ground reality.

How Modi govt changes to IBC can help troubled MSME sector

Govt has enabled a mechanism via an ordinance under which MSMEs can continue operations using the resolution process without needing to shut shop or change management.

Govt amends insolvency law to provide pre-packaged resolution process for MSMEs

According to the ordinance, it is considered expedient to provide insolvency resolution process to ensure a cost-effective outcomes that is least disruptive for MSMEs & preserves jobs.

Indian lawsuits allege former Wirecard COO played key role in deals later mired in disputes

The suits allege Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund in 2015.

JSW Steel pockets second major stressed asset as NCLT approves bid for Bhushan Power

JSW beat out rivals Tata Steel Ltd. & Liberty House Group with a bid of about Rs 19,700 crore, and now adds 3.5 million tons a year of capacity to its operations.

Jet Airways insolvency admin wants ideas to give creditors hope

The grounded carrier, stripped off most of its assets, is seeking new ideas to reassure creditors so they can recover at least some dues.

On Camera

There’s a method in Trump’s Pakistan romance. It’s all about Gulf security

Like Turkey and Egypt, Pakistan is one of a handful of powers with the human resources and infrastructure to help secure the Persian Gulf as Trump’s America draws down its military presence.

How mining, manufacturing & power sectors weighed on India’s industrial output since January 2024

India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.

Legacy of Air Chief Marshal LM Katre, the man who flew Spitfires & ushered IAF into a modern era

ACM Katre was 2nd IAF chief to die in harness. It was at a memorial lecture in his honour where IAF chief AP Singh revealed that India shot down 6 Pakistani aircraft in Op Sindoor.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.