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NCLAT rejects Busy Bee plea against Go First liquidation
Hindustan Times West UP
|April 05, 2025
THE ORDER COMES AS A RELIEF FOR GO FIRST'S CREDITORS, ALLOWING THEM TO PROCEED WITH LIQUIDATION TO RECOVER DUES OF ₹6,521 CRORE
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Friday rejected a plea by Busy Bee Airways, backed by EaseMyTrip co-founder Nishant Pitti, challenging the liquidation of bankrupt airline Go First.
A bench led by NCLAT chairperson Justice Ashok Bhushan upheld the National Company Law Tribunal's (NCLT) 20 January order, which allowed Go First's creditors to proceed with liquidation, citing the airline's lack of assets and an unviable recovery plan.
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