Daily Archives: January 21, 2025

NCLT orders liquidation of Go First, ending 20-month insolvency saga

Go First, which filed for bankruptcy in May 2023, had a 6.9% market share in India’s aviation sector at the time. However, the airline’s assets were effectively wiped out after the Delhi High Court allowed lessors to repossess its fleet of 54 planes.  While GoFirst is the second major airline to get grounded in the…

National Company Law Tribunal orders liquidation of Go First airline

NEW DELHI: The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of GoAir (Go First) following a request from lenders of the bankrupt airline. The Wadia Group airline had stopped flying in May 2023 when it filed a voluntary plea for insolvency. Once attempts to revive it under India’s bankruptcy laws did not…