Insolvency tribunal NCLT on Wednesday rejected Go First lessors' petitions to take back the planes leased to the grounded airline, and said the aircraft are available for resumption of operations since aviation regulator DGCA has not deregistered them. A two-member bench of the National Company Law Tribunal (NCLT) held that physical possession of the aircraft/engines would be "indisputably" with Go First and lessors cannot claim possession during the Corporate Insolvency Resolution Process (CIRP) of the carrier. According to the tribunal, aircraft and its engines are the sole essence of Go First's business and if taken away, it would result in its "corporate death" leaving no scope for its resolution.
The gravity of the incident which happened in Parliament should not be underestimated, the prime minister said
The California walnuts shipped from the US to India have seen a sharp uptick with imports more than doubling from September to November against the same period last year. This comes after New Delhi removed its retaliatory customs tariffs on the key dry fruit. Two days ahead of US President Joe Biden's visit to New Delhi to attend the G20 Summit on September 9-10, India dropped additional customs duties on about half a dozen US goods that were imposed in 2019 in response to America raising tariffs on certain steel and aluminum products coming from India.
Not only will Arun Govil, Sunil Lahiri and Deepika Chikhalia attend the Pran Pratistha ceremony, Moti Sagar, Ramanand Sagar's son, also received an invitation.
Sale at acquisition price may have been prompted by slow coal traffic and fall in prices.
Australian all rounder Shane Watson, who was planning a long and lucrative future with Rajasthan Royals, had no idea that the IPL team was in trouble after its contract was terminated by Board of Control for Cricket in India.
In yet another instance of his confrontation with the Dravida Munnetra Kazhagam dispensation in Tamil Nadu, Governor R N Ravi on Monday concluded his customary address to the House within a few minutes, making certain remarks over the content of the address that were 'expunged'.
A new regulation concerning the disclosure of family arrangements by listed companies is exacerbating rifts between feuding shareholders. The latest example is Bengaluru-based TD Power Systems (TDPS), currently enmeshed in a legal dispute before the Karnataka high court over ownership of its 16 per cent equity. Vijay Kirloskar, who is asserting a claim over the 16 per cent stake held by Mohib Khericha (chairperson of TDPS) and Nikhil Kumar (managing director of TDPS and nephew of Kirloskar), has sent a letter to the market regulator, Securities and Exchange Board of India (Sebi), and stock exchanges. He accuses TDPS of insufficient disclosure concerning shareholder agreements.
The new terminal, to be made operational by 2010 as part of phase one of modernisation, will augment the airport's passenger handling capacity from the present 16.24 million per annum to 37 million per annum.
Each airline operating out of Delhi is expected to get separate terminal space and a third full-fledged runway is to be constructed at the Indira Gandhi International Airport when the first phase of its modernisation is completed by 2008.
Scenes from Haryana after two days of communal violence cost human lives, damaged property and the loss of many vehicles.
Brazilian football legend Ronaldinho on Sunday arrived in Kolkata on a two-day visit.
Prime Minister Manmohan Singh on Friday inaugurated Mumbai airport's integrated terminal, T2, which will boost the airport capacity to 40 million.
A video purportedly of the incident had gone viral on social media, they said, adding that the accused has been "terminated from the service".
The cash-strapped Deccan Chargers are out from the Indian Premier League after the Supreme Court refused to stay the Hyderabad team's termination by the Board of Control for Cricket in India. The apex court, on Friday, declined to interfere with Thursday's ruling of the Bombay high court, which set aside the status quo order passed by an arbitrator on cessation of its membership in the cash-rich league.
Catch one of Mammootty's career best works, Oscar-winner Michelle Yeoh and more on OTT this week.
Meanwhile, the sports ministry has asked the PCB not to offer a long-term contract to its incumbent director of cricket Mohammad Hafeez yet, who came into the role after the 50-overs World Cup last year.
'Those giving voice to the voiceless should be welcomed, not punished.' 'Yes, I paid a price -- 10 years in jail -- but it wasn't only me who did so. There are many paying the price.'
The court directed that if the team of doctors forms an opinion that termination of pregnancy is safely possible, it shall perform necessary surgery/operation, if her father gives consent for the same.
If they are made accountable, bad loan cases will shrink dramatically, recoveries will rise, and the NCLT process will be more manageable, asserts Debashis Basu.
The Adani group will invest Rs 10,700 crore into Lucknow airport's expansion so that its annual passenger handling capacity zooms from 4 million passengers per annum (MPPA) to 39 MPPA. The airport's expansion plan received clearance from the Union environment ministry on December 15. However, the plan submitted to the ministry did not mention the deadline for the expansion.
Reliance Infocomm Ltd has deployed its first wireless Point of Sale terminal in Mumbai for processing credit card transactions.\n\n\n\n
The Allahabad High Court on Monday came to the rescue of 18,000 Uttar Pradesh policemen, whose services had been summarily terminated by the Mayawati government on charges of 'large scale irregularities' in their recruitment carried out by the preceding Mulayam Singh Yadav regime.
rediffGURU Abhishek Shah advise you on how to deal with challenges at the workplace.
The Fox News in an online report quoted a spokesman for the UN Secretariat as saying that "one direct contract it (UN Secretariat) had with Satyam is to be terminated."
As India and Pakistan clashed in the Security Council over relevance of the United Nations observer group at the Line of Control, a spokesperson for UN chief Ban Ki-moon said the force can be terminated only by a decision of the 15-nation body.
Any miscalculation and miscommunication are fraught with the risk of a major catastrophe, warns Rup Narayan Das.
A court in New Delhi on Tuesday sent to one-day judicial custody suspended Delhi government officer Premoday Khakha who allegedly raped a minor several times and impregnated her.
A 51-year-old deputy director in the woman and child development department of the Delhi government and his wife were arrested on Monday in connection with the rape of minor girl, the police said.
The fire broke out in an area near the Visakhapatnam Container Terminal and an Indian Oil Corporation facility where fishing boats were anchored.
Mumbai International Airport's new T2 terminal has an art collection to rival world-class museums, a miscellany of cultural nuances that embodies India.
The Telecommunications Bill, 2023, which was passed by a voice vote after a short debate, also allows the Centre to take possession of a telecom network in case of any public emergency or in the interest of public safety.
Large quantities of liquefied natural gas will start flowing into the country from the Dahej Terminal in Gujarat when it becomes operational from January next year, Petroleum and Natural Gas Minister Ram Naik said on Thursday.
According to the latest data released by the two zones, the South Eastern Railway cancelled trains such as the Chennai-Howrah Mail, the Darbhanga-Kanniyakumari Express and the Kamakhya-LTT Express journey commencing on June 3.
Fed up with lack of initiative from nominated representatives on the board for reviving the Calcutta Stock Exchange and stagnant business, a large number of brokers have begun surrendering their C-star terminals.
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