A bench comprising justices Krishna Murari and JK Maheshwari said after perusing the aviation ministry's review petition, "We do not find any error in the order impugned, much less an apparent error on the face of the record, so as to call for its review. The review petition is, accordingly, dismissed."
Thursday, 11 May, 2023- Front Page
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- NCLT OKs Go First Flight to Insolvency Protection
A bankruptcy court in New Delhi Wednesday approved the application of Go Airlines (India) to admit the carrier into the insolvency resolution process, allowing the first such voluntary bankruptcy protection involving a local airline. One of the biggest lessors may file an appeal against the order soon.
US Investor Slashes Ola Valuation by 35% to $4.8 BillionFunds managed by US investment firm Vanguard marked down the valuation of ride-hailing company Ola by 35% to $4.8 billion from $7.4 billion, according to regulatory filings with the US Securities and Exchange Commission.
Sebi Moots Higher Threshold for Investment in AIFsThe capital market regulator on Wednesday broached the idea of raising the minimum ticket size of investment in private equity (PE) and venture capital (VC) funds while favouring a regime that eventually paves the way for only deep-pocketed investors to put money in these funds.
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