Latest Breaking News On - First crisis - Page 3 : comparemela.com

The National Company Law Tribunal (NCLT) has granted Go First Airlines protection under a moratorium from recovery by lessors and lenders in response to the airline’s plea for voluntary insolvency and initiation of CIRP proceedings. The NCLT has also suspended the earlier management of Go First, with Abhilash Lal appointed as IRP. Flight cancellations have been extended to May 19, though the tribunal ordered that no employees are to be laid off, while the suspended management team must provide all necessary support to the IRP to maintain the airline’s position as a going concern., Business News, Times Now

Abhilash lalNational company law tribunal onWadia airlines insolvency petition today detailsGo first airlinesVerdict on go first crisisPlea for voluntaryFirst crisisNational company law tribunalCorporate insolvency resolution processWhat does this meanWill resume bookingsGo firstO first insolvency pleaGo first newsGo first updatesGo first latest news