Go First had declared insolvency on May 2 owing to a cash crunch and its application was admitted by the National Company Law Tribunal (NCLT) on May 10.
The tribunal had confirmed Abhilash Lal of Alvarez & Marsal as interim resolution professional.
The lenders, however, opted for a new resolution professional because Lal had been selected by the Go First management. They also selected a resolution process advisor and legal counsel for the committee. All the resolutions were approved with a hundred per cent vote, it is learnt.
This story is from the June 10, 2023 edition of Business Standard.
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This story is from the June 10, 2023 edition of Business Standard.
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