New Delhi/IBNS/UNI: Suspended board of Go First on Tuesday filed caveats before the Supreme Court of India, against four aircraft lessors of the crisis-hit airline, a lawyer, who appeared in NCLAT and NCLT Court for Go First in the matter, said.
The appellate authority says the lessors are free to raise their claims regarding the termination of aircraft leases before the National Company Law Tribunal.
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld an NCLT order allowing crisis-hit Go First s voluntary insolvency resolution proceedings.
A two-member NCLAT bench asked several aircraft lessors of Go First opposing insolvency, to approach National Company Law Tribunal (NCLT) for any remedy. The order dated May 10, 2023 allowing insolvency is upheld, said the NCLAT bench headed by Chairperson Justice Ashok Bhushan.