Business News: The lenders of Go First are in discussions to extend the period for arriving at a Corporate Insolvency Resolution Plan (CIRP) by three to six months.
Bombay Burmah Trading Corporation has said it has made a provision of Rs 1,865.66 crore in respect of its investments made in Go First and other related financial obligations.
The cash-strapped airline also sought voluntary insolvency resolution proceedings and decided to cancel flights for three days starting from May 3. aaa