Go First creditors to auction 94-acre Thane land parcel

21 May 2024 CW Team

Creditors of Go First (formerly known as GoAir) have decided to auction a substantial 94-acre land parcel located in Thane. This decision comes as part of efforts to recover dues from the airline amidst financial restructuring. The auction, facilitated by the creditors, aims to attract bids from potential buyers interested in acquiring prime real estate in the Thane region.

The land parcel, strategically located, holds significant value in the real estate market, making it a coveted asset for potential investors and developers. The auction process is expected to be closely monitored by stakeholders as it unfolds, with the outcome influencing the airline's financial restructuring and creditors' efforts to recover debts.

Go First's creditors have been actively pursuing various avenues to recover outstanding dues, including the sale of assets like the Thane land parcel. The airline industry, particularly hit by the COVID-19 pandemic, has seen several carriers resorting to asset sales and restructuring to navigate financial challenges and ensure operational sustainability.

As the auction progresses, the focus will be on maximising value for creditors while ensuring transparency and compliance with regulatory requirements. The outcome of the auction will play a crucial role in determining the financial future of Go First and the extent to which creditors can recover their investments.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..