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NCLT orders liquidation of Go First
The New Indian Express Shivamogga
|January 21, 2025
Airline becomes the second carrier in four months to face liquidation after Jet Airways
THE National Company Law Tribunal (NCLT) on Monday ordered the liquidation of budget carrier Go First, possibly marking the end of the airline and its 20-month insolvency proceedings. The Committee of Creditors (CoC) in September 2024 had filed an application to liquidate the airline.
NCLT bench comprising Judicial Member Mahendra Khandelwal and Technical Member Dr Sanjeev Ranjan allowed an application for liquidation by the CoC. Go First becomes the second airline in four months to face liquidation. In November 2024, the Supreme Court of India ordered the liquidation of Jet Airways (India) Limited.
यह कहानी The New Indian Express Shivamogga के January 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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