Hasnul Baharuddin claims a bank and its lawyers made an error in dragging him to court, adding that the bank has agreed to cancel the court notice.
The Mumbai-based airline, which was until recently India's second-biggest by market share, has also defaulted on several loan payments.
A source says the choice of the political aide has not sat well with close associates of the defence minister who have been eyeing the same position.
The lenders would make a so-called "credit bid" by using their senior secured notes in the Asia business rather than cash, and win ownership of the unit during an auction next month in New York.
The deputy education minister says her statement has been misunderstood and misrepresented.
More than 700 Toys "R" Us stores are shuttering in the United States.
The former PM queries how it was possible for PH leaders to declare within three days that the country's economy, which they claimed was about to collapse, was stable again.
BN man says it's easy to talk of Selangor not going bankrupt 'if it does not pay its bills'.
DAP's Tony Pua cites the example of Selangor's economic management in dismissing need for GST.
The eight-term Kepong MP says the country's economic growth has definitely not been a failure.
State PPBM information chief Yaakob Osman says he was shocked when he was denied candidacy in Penaga.
An image of a letter from the Insolvency Department about Yaakob Osman's status is posted on Anwar Ibrahim's Facebook page.
Pakatan chairman says he is saying so openly and hopes Najib Razak will sue him, as well as the Wall Street Journal.
The prime minister says Pakatan Harapan is the only group which says Malaysia will go bankrupt.
Elon Musk has tweeted, "Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it."
The deputy prime minister dismisses claims that Putrajaya is bankrupt, cites allocation set aside for the people as proof.
Toys 'R' US plans to sell or close all of its US stores, potentially hitting 33,000 jobs.
Deputy minister says government hopes to release more individuals from bankruptcy so that it will not affect national productivity.
Minister in the PM's Department Azalina Othman Said says about 3.8 million citizens who are eligible to vote, still have not registered as voters.
Chairman says allegation Felda is selling its London property because it has no funds, is uncalled for.
Richard Riot says as MAS has declared bankruptcy, the ministry cannot legally go after the company as it no longer exists.
Minister Azalina Othman Said says increasing minimum debt level to RM50,000 and removing liability against social guarantors among measures which will help those affected.
Deputy president Maijol Mahap says annulment under Section 105 of Bankruptcy Act 1957, wipes out prior bankruptcy order, putting Lajim Ukin back as he was in party.
Too many politicians think only about mega investments, big feasibility studies and glamorous projects while the country dwindles to almost nothing.