India’s specialist bankruptcy court, the National Company Law Tribunal (NCLT), has granted the administrator of Go First (Mumbai International) another 60 days to complete the carrier’s corporate insolvency resolution process. The court granted the extension, which now runs until June 3, during an April 8 hearing.
Go First’s administrator, known locally as a resolution professional, along with the committee of creditors, has been negotiating to sell the defunct carrier. At least two parties, Sharjah-based Sky One, and a partnership between Ajay Singh, managing director of SpiceJet (SG, Delhi International), and Nishant Pitti, CEO of online travel platform EaseMyTrip, have submitted initial…
