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 â¹3,000 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.
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Heavy selling by FPIs likely due to India's good returns
Govt to continue to rationalize duties as part of its efforts to build an investor-friendly nation
Energy transition to be delayed amid Trump's oil push
Energy transition, or the shift away from fossil fuels to renewable sources, remains crucial to combating climate change, but the progress could slow as US president Donald Trump pushes for boosting domestic oil and gas production, JérÎme Sevin, partner and global lead for energy and process industry at consulting firm Kearney, said.
Merchandise trade deficit widens in Jan
India's foreign trade has been hit by weak demand in major markets, geopolitical tensions, volatile commodity prices
Indian markets have detected a chill in India's American ties
Trump seems to have ended the 'Howdy Modi' era's camaraderie
New exercises to switch things up on bicep day
Cut the monotony out with biceps push-ups, lat pull-down curls and more
India's Gold Imports Rise 40.79% to $2.68 Billion in January
The country's gold imports in January rose by 40.79% to $2.68 billion on account of increasing domestic demands, according to commerce ministry data.
India Lifts Hindalco's Q3 Show
Hindalco Industries Ltd managed to sail through in the December quarter (Q3FY25).
Japan's KYB Corp exits its 51% stake in JV with Conmat
India's concrete equipment market is expected to grow to â¹230 billion from â¹88 billion, in four years
Take a new trade approach in response to Trump 2.0
Lowering tariffs will help India sign FTAs with others. Broadly, we should focus more on trade in services
Sotheby's Taps Into Indian Art Market Boom With Sales of â¹304 Cr in 2024
Risk-taking younger collectors, both from India and abroad, drive demand, representatives of the gallery said
