NCLT gives DGCA till Mar 2 to respond on Jet Airways slots
In January, the tribunal had issued a notice to the Directorate General of Civil Aviation (DGCA) and the Ministry of Civil Aviation (MoCA) to clear their stance on Jet s slots
PTI | February 26, 2021 | Updated 00:02 IST
Representational Image
The National Company Law Tribunal (NCLT), which is hearing the resolution plan of the grounded carrier Jet Airways, on Thursday granted time till March 2 to aviation regulator DGCA to respond on the airline s slots issue. During the hearing, the DGCA sought more time from the tribunal to clear their stance on Jet s slots, which the bench chaired by Mohammed Ajmal and V Nallasenapathy granted to reply on the slots of the Jet Airways by March 2.
Kalrock-Jalan consortium to invest Rs 1,375 crore in debt-laden Jet Airways
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NCLT gives DGCA till Mar 2 to respond on Jet Airways slots
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Hungry for Stressed Assets
Private equity and stressed asset funds continue to show interest in acquiring value assets undergoing insolvency proceedings despite delays and litigation
Illustration by Raj Verma
The battle for acquiring Dewan Housing Finance Ltd, the first financial service provider to go through insolvency proceeding, is intensifying with Adani group s last minute revised offer, taking other bidders, also called resolution applicants, by surprise.
While others in the race - Piramal Enterprises and foreign distressed asset firms such as Oaktree Capital and SC Lowy - took umbrage at the last-minute change in Adani group s offer and threatened to pull out of the bidding process, Adani hit out at them for using the media to prevent maximisation of value for lenders and depositors.