S&P Global Upgrades India’s Insolvency Regime To Group B; Cites Stronger Creditor Protection
S&P upgraded India’s insolvency regime to Group B, citing better creditor protection and faster recoveries under the IBC.
Government: IBC Not Applicable To Transactions Involving Aircraft, Engines, Airframes, And Helicopters
The news comes while grounded carrier Go First is undertaking voluntary insolvency proceedings and battling its aircraft lessors in court
