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National Company Law Tribunal (NCLT) | Go First urges National Company Law Tribunal to pass order on its plea for voluntary insolvency resolution

Crisis-hit airline has sought an interim moratorium to prevent lessors from taking possession of its aircraft ....

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NCLT reserves order on Go First's plea for insolvency proceeding

The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First s plea seeking voluntary insolvency resolution proceedings and interim moratorium on financial obligations while aircraft lessors vehemently opposed the petition.

Amid the airline facing severe financial crunch and cancelling flights, a two-member NCLT bench comprising Justice Ramalingam Sudhakar and Member L N Gupta heard the arguments for and against the petition for nearly four hours.

As aircraft lessors opposed the plea, the counsels for Go First said the petition was not a malicious one to avoid payment of dues to its creditors but to save the company. ....

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Aircraft lessors oppose Go First's insolvency resolution plea; NCLT reserves order

Crisis-hit Go First s urgent plea seeking voluntary insolvency resolution proceedings faced vehement opposition from aircraft lessors on Thursday, while the National Company Law Tribunal (NCLT) reserved its order on a day when the carrier extended cancellation of all flights till May 9. ....

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Go First's lessors request DGCA to de-register some aircraft: Report

The move from the lessors come after the airline moved NCLT to restrain lessors from taking back aircraft ....

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Go First Airlines files for insolvency, NCLT Delhi to hear plea on May 4

The company issued a statement saying that it would temporarily suspend all flight operations between May 3 to 5, 2023. ....

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