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Two more aircraft lessors GY Aviation and SFV Aircraft Holding on Thursday moved appellate tribunal NCLAT against the order passed by the NCLT allowing Go First's voluntary plea to initiate insolvency proceedings.
Ireland-based GY Aviation is the largest lessor of Go First with 9 aircraft, while SFV Aircraft Holdings has leased out one aircraft to the Wadia group-owned company
Get latest articles and stories on Latest News at LatestLY. Initiation of insolvency by Go First was a "fraudulent exercise", alleged one of the aircraft lessors of the Wadia group firm SMBC Aviation Capital Ltd before the National Company Law Appellate Tribunal (NCLAT). Latest News | Voluntary Insolvency by Go First a Fraudulent Exercise: SMBC Aviation to NCLAT.
Get latest articles and stories on Latest News at LatestLY. The insolvency tribunal NCLT has reserved its order on Mumbai-based Suraksha group s bid to acquire Jaypee Infratech Ltd and complete around 20,000 flats for aggrieved homebuyers. Latest News | NCLT Reserves Order on Suraksha s Bid to Acquire Jaypee Infratech, Complete 20k Flats.