Browsing Tag
gofirst insolvency
Go First insolvency: NCLAT to pass order on aircraft lessors’ petitions on May 22
A man carries his bag as he walks past the Go First airline, formerly known as GoAir, passenger aircrafts parked on the tarmac at the airport in New Delhi, India, May 11, 2023.
| Photo Credit: Reuters
The National Company Law Appellate…
Explained | The troubles of India’s aviation industry
The story so far: After low-cost carrier GoFirst’s insolvency filing last week, the aviation safety regulator Directorate General of Civil Aviation (DGCA) on Monday, May 8, directed the airline to stop selling air tickets immediately. The…
NCLT grants GoFirst’s insolvency plea
A GoFirst aircraft. File
| Photo Credit: Reuters
The National Company Law Tribunal on May 10 admitted Go First’s plea for insolvency and granted protection under a moratorium from recoveries by lessors and lenders.The court has appointed…