Both parties informed the National Company Law Tribunal (NCLT) in Delhi about the settlement on Wednesday, after which the court approved the withdrawal of the case.
This marks another instance of the airline settling its disputes with creditors after raising ₹3,000 crore through a qualified institutional placement (QIP).
In October, the airline had announced the resolution of a $23.39 million dispute with Aircastle (Ireland) Designated Activity Co. and Wilmington Trust SP Services (Dublin) Ltd. The matter was settled for $5 million, along with an agreement regarding the treatment of certain aircraft engines.
Diese Geschichte stammt aus der November 28, 2024-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 28, 2024-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
AI to expand fleet size by a third by 2027: CEO
Tata Sons-owned Air India is aiming to increase the group's fleet capacity by a third to 400 aircraft by 2027, its chief executive Campbell Wilson said on Thursday.
150 small airports selected for makeover to boost cargo
AAI to modernize infrastructure for swift shipping of pharmaceuticals to perishables
China mkt reopens for Indian films, but uncertainties remain
Bollywood success in China began more than a decade ago with Aamir Khan's 3 Idiots, which made ₹16 cr there
India's VC firms are finding that leaner might be better
VC firms are opting for modest fund sizes, prioritizing investment discipline over volume
CCI orders probe into Google's app store policy
Competition Commission of India (CCI) on Thursday ordered an investigation into Google's policies on download of apps from Google Play, its app store, and on advertisements, taking a first impression view on a reference by WinZO Games Pvt Ltd. alleging that the digital economy giant has abused its dominant position.
After GQG, Abu Dhabi's IHC backs Adani over US indictment
IHC, listed on the Abu Dhabi exchange, is the third-largest foreign investor in Adani, having put in $2.5 billion
LTIMindtree's near-term woes eclipse $10 bn revenue goal
LTIMindtree Ltd is bracing for the next leg of growth, but the Street is hardly excited. The company eyes $10 billion revenue by FY31-32, up from $4.2 billion now.
M&M's new EVs face twin bumps
Mahindra & Mahindra Ltd (M&M) has widened its electric vehicle (EV) portfolio with the launch of two new models—BE 6e and XEV 9e. Its first EV, the XUV 400, is still struggling almost two years after its launch in January 2023, with sales of about 1,000 units a month.
Shareholders vote out Punit Goenka as Zee director
None of group founder Subhash Chandra's family members remain on the board of any of the four listed Zee firms
Godrej Enterprises has a new brand ID
Godrej Enterprises Group, one of the two entities formed following the split of the 127-year-old Godrej Group earlier this year, adopted a new logo on Thursday to differentiate itself.
