@PEC
All my info regarding Paramount is from the various news articles that have been floating around lately
You can read them here
The Hindu : Business / Companies : Paramount Airways plans to restart by May
Mentioned in the above article
“The money has now come into our account, and we are finalising plans to restart operations in April. The DGCA has given its go-ahead. There was no liability on the company as the airline was making profit for three years prior to closing down,” the Paramount Airlines official said asking not to be named
http://www.pprune.org/south-asia-far...ml#post7651890
I agree news articles are not always reliable when it comes to aviation . But if you have any info or reason to believe that they wont be starting operations then please do share it with us
The only reason as far as I can see stopping them is if their past debts take away a huge size of their litigation money
or
The Home Ministry Denies a security clearance to the promoters of Paramount Airways due to the CBI case filed against them.