Go First Crisis: A two-member bench of NCLT will decide on the fate of crisis-hit airline GoFirst. GoFirst itself had applied to the NCLT to declare itself insolvent. On May 3, the airline stopped its flights due to high debt.
The National Company Law Tribunal (NCLT) will pass its order tomorrow i.e. on Wednesday on the petition of the troubled airline GoFirst after the application made by the company to declare the country’s budget airline company GoFirst bankrupt.
According to the tribunal’s Wednesday’s cause list, a two-judge bench comprising President Justice Ramalingam Sudhakar and LN Gupta will pronounce the order on Wednesday morning. Further, this…