The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of budget air carrier Go First Airways two years after it shut flight operations and approached the court seeking voluntary insolvency.
A bench of NCLT comprising Judicial Member Mahendra Khandelwal and Technical Member Dr. Sanjeev Ranjan allowed an application for liquidation filed by the Committee of Creditors (CoC) of Go First.
“The application is allowed by ordering liquidation of the corporate debtor, namely M/s Go Airlines,” as per the NCLT order.
The court has appointed Dinkar Tiruvannadapuram Venkatasubramanian as the Liquidator.
In November, 2024, the Supreme Court of India also ordered the liquidation of Jet Airways after finding that the successful…
