Customs, GST wings asked to be proactive in IBC cases

The government and the Insolvency & Bankruptcy Board of India (IBBI) have worked out a mechanism to share data on companies facing insolvency action as the customs and GST wings repeatedly miss the deadline for filing claims, resulting in prolonged litigation.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OZbvBxY
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Relief for lessors: Delhi high court directs DGCA to de-register 54 GoAir planes

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The lessors of 54 aircraft to grounded-since-last May GoAir finally got relief on several counts from the Delhi high court on Friday which directed the Directorate General of Civil Aviation (DGCA) to de-register these planes within a maximum of five working days. The revival of GoAir under IBC is now an even tougher task as the lessors are learnt to be wooed by both Tata’s Air India and cash-rich IndiGo to get around 15 of the Airbus A320 family planes which could fairly quickly be made airworthy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9ngoHkv >
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