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May 3, 2023 · The Wadia Group also runs bread and biscuits maker Britannia Industries and textile firm Bombay Dyeing and Manufacturing Co. Share prices of Bombay Burmah Trading, which is also owned by Wadia and has given loans to Go First in the form of inter-corporate deposits, slid 5%.
No urgent relief to Wadia Group in Bank of Baroda case. Bombay High Court denied Wadia Group's urgent relief against Bank of Baroda, related to a corporate guarantee for Go First Airlines. Nowrosjee Wadia & Sons Ltd sought an injunction due to a financial tie-up condition. 01 Apr, 2024, 07:29 AM IST
Jul 10, 2023 · The group owned 100% of Go First through various entities owned by Nusli Wadia and his family. Eligibility Criterion Section 29A of the Insolvency and Bankruptcy Code ( IBC ) makes a person/entity ineligible to bid for an asset if declared a willful defaulter, or if the person is promoter of a company that has been classified as a non-performing asset (NPA) by banks.
May 3, 2023 · Wadia Group seeking a one-time settlement offer. The Wadia Group, which owns the struggling airline Go First, is expected to request a settlement with banks that would involve creditors accepting ...
May 10, 2023 · Go First blames faulty engines of Pratt & Whitney grounding its planes and plunging it into bankruptcy, but it also has had a troubled history including a father-son tussle and Jeh's dramatic exit. Jeh Wadia. When Jehangir Wadia, or Jeh, all of 32 years of age, started Go First airline, many thought the rich kid had got himself a shiny new toy.
Oct 12, 2023 · Go First's former owner, the Wadia Group, has not shown an intent to bid for the grounded Indian airline and has stayed away from the insolvency process so far amid an ongoing legal tussle, three ...
Mar 11, 2021 · The Wadia Group business empire has been running for over 280 years in India. Currently, it is broadly diversified in several sectors and industries which includes Textile, Chemicals, Consultancy, Plantations, Foods, Electronics, Light engineering, Health, Laminates, Real estate, and many more. The Wadia group companies have popularly emerged ...
