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NCLT Orders Liquidation of Go First
The New Indian Express Vellore
|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.
Dit verhaal komt uit de January 21, 2025-editie van The New Indian Express Vellore.
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