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Go First crisis: Go First owes a total of $780.88 million to its creditors that include Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank. ....
Go First resolution process: The airline's resolution professional had sought an extension of the deadline to complete the corporate insolvency resolution process (CIRP). ....
The airline has moved a Delaware court to enforce the arbitration ruling, but has run short of funds to pursue the case after it stopped flying in May. ....
Go First crisis: The emergency funding will, reportedly, be used for insurance and repairs, which are critical to sustain the operations of the airline. ....