Go First stirs up the family pot, DHFL drama sees fresh twist

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Editor's note: Welcome to the first edition of Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. Good evening, Prince here. I am the editor of the business section at The Morning Context. When we wound up Friction, our earlier newsletter on corporate governance and regulation, we promised you something bigger and better. Two events in the week gone by live up to this billing. The rumblings within the Wadia family that have come to the fore in the run-up to an initial public offering by their airline. And more drama on the Dewan Housing Finance Ltd front, with the National Company Law Tribunal directing the administrator of the bankrupt NBFC to present the erstwhile promoter’s settlement offer to the creditors, who had already cleared a takeover by the Piramal group. I am picking up the aviation story and my colleague Jayshree DHFL. First, the Wadias. It is indeed a brave move on …