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Go First Resolution Professional should have waited for Delhi HC judgment: Legal experts on Supreme Court setback

The NCLT-appointed Interim Resolution Professional challenged the Delhi HC order in SC claiming the proceedings by lessors to repossess their aircraft and other equipment would interfere with the bid to revive the airline ....

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Go First lenders seek to take full control of resolution process, replace key bankruptcy officials, firms

Go First crisis: These changes are reportedly being made because the lenders are a bit apprehensive about continuing with the same support firms as the ones appointed by the company. ....

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NCLAT upholds NCLT order admitting plea by Go First Airlines for initiation of insolvency proceedings

The National Company Law Appellate Tribunal (NCLAT) upheld an an order passed by National Company Law Tribunal (NCLT) which had admitted an application by Go First Airlines seeking initiation of insolvency proceedings. ....

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Go First bankruptcy: NCLAT to pass order on aircraft lessors' petitions on May 22

A batch of petitions filed by SMBC Aviation Capital Ltd, GY Aviation and SFV Aircraft Holdings was being heard by the appellate tribunal. All three lessors have leased out around 21 aircraft to Go First. ....

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Trouble deepens for Go First as international aviation body issues 'watchlist notice' to IRP

NCLT admitting Go First s plea for voluntary insolvency gives it protection from the airline losing its airport slots and aircraft. ....

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