The National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airways .This decision follows the airline’s insolvency proceedings, legal challenges from lessors, and a clarified exemption from the Ministry of Corporate Affairs.
In a significant development, the National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airways, following a request from the airline’s Committee of Creditors (CoC). This decision marks the end of a long, tumultuous period for the airline that began with its voluntary plea for Corporate Insolvency Resolution Process (CIRP) in May 2023.
Background and Liquidation Decision
The NCLT bench, comprising Judicial Member Mahendra Khandelwal and Technical…
