The National Company Law Tribunal (NCLT) on Wednesday admitted Go First's voluntary plea to initiate the insolvency resolution process against the airline.
The National Company Law Tribunal (NCLT) on Wednesday admitted Go First s voluntary plea to initiate the insolvency resolution process against the airline.
A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company.
It has also put the company under protection of moratorium and directed the suspended board of directors to assist the IRP to run the company during insolvency proceedings.
India s National Company Law Tribunal will pass its order on Wednesday on crisis-hit airline Go First s plea for voluntary insolvency resolution proceedings.