Busy Bee Airways Pvt Ltd, one of the bidders for the grounded airline Go First, has approached the National Company Law Appellate Tribunal (NCLAT) to challenge the airline’s liquidation.
On 20 January the National Company Law Tribunal (NCLT) issued an order that sent Go First into liquidation after the airline’s creditors unanimously voted to liquidate the debt-ridden carrier, citing its lack of assets and a viable recovery plan.
An NCLAT bench led by chairperson Justice Ashok Bhushan, is set to hear the bidder’s plea on Thursday, 23 January. On 21 January, Busy Bee Airways informed the NCLT of its decision to contest the liquidation, saying it intended to submit a resolution plan to take over the airline.
Also read | Go First case:…
