NCLAT upholds order allowing Go First’s voluntary insolvency proceedings

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency resolution proceedings against crisis-hit airline Go First, derailing aircraft lessors’ efforts to take back their planes from the struggling Wadia group firm. A two-member NCLAT bench directed aircraft lessors and the Interim Resolution Professional (IRP) of the Wadia group firm to approach…

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India, South Korea agree to deepen cooperation in trade, defence, cutting-edge technologies

Hiroshima: Prime Minister Narendra Modi and South Korean President Yoon Suk Yeol on Saturday reviewed the progress in the bilateral strategic partnership and agreed to deepen cooperation in areas like trade and investment, defence, semiconductors and cutting-edge technologies. The two leaders held productive bilateral talks on the sidelines of the summit of the Group of…

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