The National Company Law Tribunal’s Bengaluru Bench has admitted Deccan Charters, founded by GR Gopinath, into Corporate Insolvency Resolution Process due to outstanding defaults exceeding Rs 9.82 crore. Krone Finstock Private Limited, the financial creditor, initiated the process after Deccan Charters failed to fulfill loan repayment obligations. Despite initial payments and agreements, Deccan Charters defaulted on cheques and subsequently entered a Business Transfer Agreement with GMDAPL, shifting liabilities. Gopinath’s entrepreneurial history includes ventures like Air Deccan and Deccan 360, with Deccan Charters facing financial challenges in recent years.